Software launched for the registration of savings and credit cooperatives
Summary
The National Cooperatives Regulatory Authority (NCRA) has launched an online software for the registration of savings and credit cooperatives, aiming to streamline registration, data management, and prevent money laundering.
Key Points
- The National Cooperatives Regulatory Authority (NCRA) launched a software for automatic online registration of savings and credit cooperatives.
- Arrangements include cooperatives becoming members of the Credit Information Center and inclusion in the Deposit and Credit Protection Fund.
- NCRA Chair Dr. Khagaraj Sharma emphasized the need to prevent money laundering through proper cooperative regulation.
- Officials from various cooperative organizations called for smooth system management and supportive facilitation by the NCRA.
