| Category | Key Details |
|---|---|
| Event | Launch of Sahakar Digi Pay and Sahakar Digi Loan by Union Cooperation Minister Amit Shah. |
| Objective | Digital transformation of Urban Cooperative Banks (UCBs) to enhance competitiveness. |
| Launch Date | November 10, 2025 |
| Digital Platforms | - Sahakar Digi Pay: Digital payment platform for UCBs. |
| - Sahakar Digi Loan: Digital lending platform for individuals and SMEs. | |
| Digital Adoption Target | 1,500 UCBs onboarded within two years. |
| Expansion Targets | - One UCB in every town with >2 lakh population in five years. |
| - Conversion of successful cooperative credit societies into UCBs. | |
| Sector Reforms | - NPA reduction: 2.8% → 0.6% in two years. |
| - Model bylaws for PACS adopted nationwide. | |
| - Computerization of cooperative banking services. | |
| Global Recognition | Amul and IFFCO ranked as top two cooperatives globally (ICA). |
| Challenges | - 20 UCBs near closure; revival strategies suggested. |
| Key Focus Areas | Financial inclusion for young entrepreneurs and economically disadvantaged. |
Workflow
Login
Contact Counsellor