Yasha Mudgal, Commissioner Secretary of Cooperative Department J&K, chaired the 10th UTLIMC meeting on PACS computerization in Srinagar. UTLIMC (Union Territory Level Implementation and Monitoring Committee) oversees digitization of Primary Agricultural Credit Societies across Jammu & Kashmir. The meeting reviewed progress on Core Banking Solutions implementation, digital payment integration, and farmer database creation. PACS computerization aims to enhance credit delivery, reduce transaction time, and improve transparency in cooperative banking operations for agricultural financing in the union territory.

The UTLIMC represents a critical governance mechanism for cooperative sector digitization in J&K. Primary Agricultural Credit Societies form the grassroots tier of India's cooperative credit structure, providing institutional credit to small farmers. Computerization involves implementing Core Banking Solutions (CBS), enabling real-time transactions, digital KYC processes, and integration with payment gateways like UPI and RTGS. This initiative directly impacts NABARD's priority sector lending targets and financial inclusion metrics. For J&K specifically, PACS digitization addresses unique challenges like connectivity issues in remote areas and streamlining credit delivery post-Article 370 reorganization. The committee monitors progress against national targets, resolves implementation bottlenecks, and ensures compliance with RBI/NABARD guidelines. Success metrics include number of computerized PACS, transaction volumes, and reduction in loan processing time. This aligns with NABARD's broader agenda of strengthening cooperative institutions and achieving last-mile financial inclusion through technology adoption.