Adarsh Blog 15

Mukesh Modis Adarsh Credit introduces

Adarsh Money Promoting Usage of Digital Money

In the present Scenario, major economic and technical changes are taking place in the
industrial and financial revolution through the new information processing technology.
Especially in the finance sector, it plays a significant role in the overall development.The
financial service sector has taken up diverse technology to make the business operations
simple and effortless. Previously, the daily operations were managed through paper currency,
bulky computers and human intervention which is now being handled using digital platforms.
Latest technology in financial sector has opened doors for new business opportunities, as a
result, the financial sector has undergone a deep-seated transformation.

Technological innovation was already present in the Indian financial service sector but with
demonetization, the pace with which it has grown is remarkable. Demonetization, which
initially impacted the economy of India, has now turned out to be a fruitful decision. Because
of technological intervention, the financial services have seen major changes in its tactics; the
transactions have become speedy, transparent and accurate.

The credit co-operative sector also has changed its way of functioning and Adarsh credit co-
operative society Ltd. is a good example of it, where technology is used to simplify the
business operations. Adarsh Credit Co-Operative Society Ltd. has constantly hauled up in the
fake scandal news but this didnt stop them from working towards the betterment of the
society. Founder & Mentor, Mukesh Modi of Adarsh Credit has a huge contribution in
promoting the digital revolution in India. Adarsh Credit Co-operative Society Ltd. has been
using all types of technological solutions, making the financial service experience convenient
and reliable for the masses.

One of their major contributions can be seen through their mobile application project.
Adarsh Money which is bringing a revolutionary changes in the co-operative sector by
enabling various financial transactions like money transfer, NEFT/RTGS, recharges etc. The
introduction of the digital registration form for registration of new members is another
milestone set by them. They also took initiative in conducting various training sessions in
rural areas to utilize cashless payment methods and services in their routine life which has
benefited the rural areas to fight demonetisation. From time to time, the cooperative society
also organizes various social drives to acquaint the society with the digital transaction. Truly,
technology has completely transformed the functioning of financial institutions and has
become an inseparable part of it.