Thiruvananthapuram - Kudumbashree to go completely digital and record the complete information of neighborhood groups, including financial transactions, on Locos mobile by September is a positive step towards ensuring transparency and accountability in their operations. This move is likely to prevent irregularities in lending and enhance the economic empowerment of women in the state.
By digitizing the records, Kudumbashree will be able to track financial transactions of neighborhood groups in real-time and detect any irregularities or fraudulent activities promptly. This will enable Kudumbashree to take appropriate action to address any issues and ensure that the lending process is fair and transparent.
In addition to preventing irregularities in lending, digitization will also make it easier for Kudumbashree to monitor the performance of neighborhood groups and identify areas where they need support or training. This will enable Kudumbashree to provide necessary resources to these groups and enhance their capacity for economic empowerment.
However, it is important to ensure that the digital system is secure and protected against cyber attacks or data breaches. Kudumbashree should also provide adequate training to the members of neighborhood groups on how to use the digital platform effectively and securely.
Overall, the move towards complete digitization by Kudumbashree is a positive step towards promoting transparency, accountability, and efficiency in their operations, and is likely to have a positive impact on the economic empowerment of women in the state.