Digitalization of Co-operative Banks in Andhra Pradesh
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2025
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| _version_ | 1866901668330733568 |
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| author | Shaik, Darga Madina Jetti, Lt. Dr. Pandu Rangarao Devi, Dr. Uma Maheswari |
| author_facet | Shaik, Darga Madina Jetti, Lt. Dr. Pandu Rangarao Devi, Dr. Uma Maheswari |
| contents | <p><strong><em><span>Abstract </span></em></strong></p> <p><em><span>Digitalization which is the role play of today's world is the result of innovations and technological advances in various aspects. In each and every country is aiming to achieve digitalization to empower society in the advanced way. Digital India is a flagship program launched by the Government of India to transform India in a digitally empowered and knowledge<span> </span>towards<span> </span>knowledge<span> </span>hub,<span> </span>when<span> </span>enhancing<span> </span>the<span> </span>development<span> </span>of<span> </span>Indian<span> </span>economy. In this phenomena Government of India came as a dream project to remodel India into getting digitalisation. Digital India initiative aims at reaching the unreached through broadband highway, universal access to mobile connectivity, public internet access programs. The aim to<span> </span>remodel<span> </span>India<span> </span>digitally<span> </span>would<span> </span>be<span> </span>very<span> </span>difficult<span> </span>unless<span> </span>there<span> </span>is<span> </span>awareness<span> </span>among<span> </span>the<span> </span>people in<span> </span>Andhra<span> </span>Pradesh<span> </span>also<span> </span>adopted<span> </span>the<span> </span>same<span> </span>policies<span> </span>for<span> </span>innovative<span> </span>style.<span> </span>Now,<span> </span>Andhra<span> </span>Pradesh has innovative for knowledge hub for introducing done system and Whats Up services.</span></em></p> <p><em><span>Cooperatives in India are important because they help to reduce poverty, empower communities, and promote economic development. The government of India started the co- operative movement of India in 1904, then the government therefore decided to develop the co-operativeagency<span> </span>to<span> </span>tackle<span> </span>the<span> </span>problem<span> </span>of<span> </span>rural<span> </span>indebtedness,<span> </span>especially<span> </span>small<span> </span>and<span> </span>marginal farmers and small venders and MSMEs. Hence, commercial and foreign banks are attracted by higher class of people, so neglected the mass. In such a situation cooperative banks<span> </span>operate as like a balancing centre between higher class and lower class. At present there are several cooperative banks which are rendered multifaceted functions of financial, administrative, supervisory and development in nature of expansion and development of cooperative credit system. In brief, the cooperative banks have to act as a friend, philosopher and<span> </span>guide<span> </span>to<span> </span>entire<span> </span>cooperative<span> </span>structure,<span> </span>especially<span> </span>middle<span> </span>and<span> </span>lower<span> </span>sections<span> </span>in<span> </span>the<span> </span><span>society.</span></span></em></p> <p><em><span>The study is based on some successful co-op banks in East Godavari (Andhra Pradesh). The study of<span> </span>the<span> </span>bank’s<span> </span>performance<span> </span>along with the<span> </span>lending practices provided to the<span> </span>customers<span> </span>is herewith undertaken with the help of rendering valuable services with lower cost. The customer has taken more than one type of loan from the co-operative banks for offering low level<span> </span>of<span> </span>interest<span> </span>rates<span> </span>with<span> </span>high<span> </span>level<span> </span>of<span> </span>supporting<span> </span>services.<span> </span>Moreover<span> </span>they<span> </span>suggested<span> </span>that<span> </span>the bank should adopt the latest digital technology of the banking like issue ATMs, internet / online banking, debit cards etc. so as to bring the bank at par with the private sector banks in India. The research paper strives to analyse the awareness among digitalisation in Urban Co- operative banks in East Godavari District, Andhra Pradesh.</span></em></p> |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_15302370 |
| institution | Zenodo |
| language | |
| publishDate | 2025 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | Digitalization of Co-operative Banks in Andhra Pradesh Shaik, Darga Madina Jetti, Lt. Dr. Pandu Rangarao Devi, Dr. Uma Maheswari Keywords: Digitalization ATMs, Bank's Performance, Cooperative Banks, Cooperative movement of India, Digital India, Credit Cards, Internet Online Banking, Rural Indebtedness, Lending Practices, Loan, Private Sector Banks, Usury <p><strong><em><span>Abstract </span></em></strong></p> <p><em><span>Digitalization which is the role play of today's world is the result of innovations and technological advances in various aspects. In each and every country is aiming to achieve digitalization to empower society in the advanced way. Digital India is a flagship program launched by the Government of India to transform India in a digitally empowered and knowledge<span> </span>towards<span> </span>knowledge<span> </span>hub,<span> </span>when<span> </span>enhancing<span> </span>the<span> </span>development<span> </span>of<span> </span>Indian<span> </span>economy. In this phenomena Government of India came as a dream project to remodel India into getting digitalisation. Digital India initiative aims at reaching the unreached through broadband highway, universal access to mobile connectivity, public internet access programs. The aim to<span> </span>remodel<span> </span>India<span> </span>digitally<span> </span>would<span> </span>be<span> </span>very<span> </span>difficult<span> </span>unless<span> </span>there<span> </span>is<span> </span>awareness<span> </span>among<span> </span>the<span> </span>people in<span> </span>Andhra<span> </span>Pradesh<span> </span>also<span> </span>adopted<span> </span>the<span> </span>same<span> </span>policies<span> </span>for<span> </span>innovative<span> </span>style.<span> </span>Now,<span> </span>Andhra<span> </span>Pradesh has innovative for knowledge hub for introducing done system and Whats Up services.</span></em></p> <p><em><span>Cooperatives in India are important because they help to reduce poverty, empower communities, and promote economic development. The government of India started the co- operative movement of India in 1904, then the government therefore decided to develop the co-operativeagency<span> </span>to<span> </span>tackle<span> </span>the<span> </span>problem<span> </span>of<span> </span>rural<span> </span>indebtedness,<span> </span>especially<span> </span>small<span> </span>and<span> </span>marginal farmers and small venders and MSMEs. Hence, commercial and foreign banks are attracted by higher class of people, so neglected the mass. In such a situation cooperative banks<span> </span>operate as like a balancing centre between higher class and lower class. At present there are several cooperative banks which are rendered multifaceted functions of financial, administrative, supervisory and development in nature of expansion and development of cooperative credit system. In brief, the cooperative banks have to act as a friend, philosopher and<span> </span>guide<span> </span>to<span> </span>entire<span> </span>cooperative<span> </span>structure,<span> </span>especially<span> </span>middle<span> </span>and<span> </span>lower<span> </span>sections<span> </span>in<span> </span>the<span> </span><span>society.</span></span></em></p> <p><em><span>The study is based on some successful co-op banks in East Godavari (Andhra Pradesh). The study of<span> </span>the<span> </span>bank’s<span> </span>performance<span> </span>along with the<span> </span>lending practices provided to the<span> </span>customers<span> </span>is herewith undertaken with the help of rendering valuable services with lower cost. The customer has taken more than one type of loan from the co-operative banks for offering low level<span> </span>of<span> </span>interest<span> </span>rates<span> </span>with<span> </span>high<span> </span>level<span> </span>of<span> </span>supporting<span> </span>services.<span> </span>Moreover<span> </span>they<span> </span>suggested<span> </span>that<span> </span>the bank should adopt the latest digital technology of the banking like issue ATMs, internet / online banking, debit cards etc. so as to bring the bank at par with the private sector banks in India. The research paper strives to analyse the awareness among digitalisation in Urban Co- operative banks in East Godavari District, Andhra Pradesh.</span></em></p> |
| title | Digitalization of Co-operative Banks in Andhra Pradesh |
| topic | Keywords: Digitalization ATMs, Bank's Performance, Cooperative Banks, Cooperative movement of India, Digital India, Credit Cards, Internet Online Banking, Rural Indebtedness, Lending Practices, Loan, Private Sector Banks, Usury |
| url | https://doi.org/10.5281/zenodo.15302370 |