Major Upgrade for Cooperative Banking Network
In a significant move to modernize and secure the state’s cooperative banking network, the Yogi government is set to equip Uttar Pradesh Cooperative Bank Limited and 50 district cooperative banks with advanced cyber security infrastructure. As part of this initiative, these banks will be onboarded a Core Banking System (CBS)-based cloud platform, ensuring complete safety and transparency of all customer transactions.
Leading technology firms such as TCS and Wipro will support the implementation of this ambitious initiative. These companies will help strengthen the cooperative banking system with state-of-the-art technologies for data protection, server management, and cyber-attack prevention.
Strengthening Cooperative Banks
The project will also receive support from NABARD, which will provide technical guidance, training, monitoring, and financial assistance. The objective is to make all cooperative banks more secure, resilient, and trustworthy for their customers.
The Yogi government is not only deploying a robust technological shield, but also launching a public awareness campaign on cyber safety. Banking customers will be educated on how to protect themselves from cyber fraud, where to report incidents, and which practices are considered safe. Awareness drives will be conducted through bank branches, gram panchayats, and digital media.
Budgetary Provision
To ensure effective implementation of this initiative, the state government has made a special budgetary provision of Rs 10 crore for the financial year 2025–26. This fund will be used for establishing technical infrastructure, enhancing server security, conducting training programs, raising cyber awareness, and integrating services with the cloud platform.
Expected Outcome
Beyond improving cyber security, this initiative will also bolster the financial strength of district cooperative banks. With better technological infrastructure and more transparent services, public confidence in the cooperative banking sector is expected to grow, leading to an increase in deposits and credit disbursements.
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