Co-Op Kumbh 2025: A New Era for Urban Cooperative Banks

Union Home Minister Amit Shah addressed the Co-Op Kumbh 2025 conference in New Delhi, unveiling the 'Delhi Declaration 2025' as a roadmap for expanding Urban Cooperative Banks. The launch of digital apps 'Sahkar Digi-Pay' and 'Sahkar Digi-Loan' marks a significant step towards modernization in the cooperative sector. The government aims to establish an Urban Cooperative Bank in every city with over 200,000 residents within five years, while also reducing Non-Performing Assets (NPA) significantly. The success of cooperatives like Amul and IFFCO highlights their importance in the economy and their role in empowering small traders and entrepreneurs.

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