Shah Launches Digital Apps For Urban Co-Op Banks, Sets Target Of One UCB Per Town

Updated: November 10, 2025 16:24

Image Source: The Hindu Business Line

Union Cooperation Minister Amit Shah unveiled two digital platforms—Sahakar Digi Pay and Sahakar Digi Loan—for urban cooperative banks (UCBs), aiming to modernize operations and expand financial inclusion. He also set a national goal of establishing one UCB in every town, reinforcing the sector’s role in India’s cooperative development strategy.

Union Cooperation Minister Amit Shah has launched two new digital applications—Sahakar Digi Pay and Sahakar Digi Loan—designed to strengthen the digital infrastructure of urban cooperative banks (UCBs). The announcement was made during the Co-op Kumbh 2025 event in New Delhi, attended by over 1,200 UCB representatives and sector leaders.

The initiative is part of the government’s broader push to modernize cooperative banking and ensure every town in India has access to a UCB.

Key highlights:

- Sahakar Digi Pay will enable secure, cashless transactions for UCB customers, improving digital banking access.

- Sahakar Digi Loan is designed to streamline loan approvals and disbursements, especially for small borrowers.

- Shah announced a national target to establish one urban cooperative bank in every town across India.

- The sector has shown improved asset quality, with NPAs declining from 2.8% to 0.6% over two years.

- The Reserve Bank of India was credited for its role in enabling reforms and supporting digital transformation.

- Shah emphasized the need for professional governance, financial discipline, and technological adoption in cooperative banks.

- The apps were launched in collaboration with NAFCUB, the apex body for UCBs, during the International Year of Cooperatives.

This digital push is expected to enhance the competitiveness of UCBs, expand their reach, and support inclusive financial growth across urban India.

Sources: Rediff Money, UNI India, WebIndia123, Indian Cooperative, Millennium Post, ET Government

Stay Ahead – Explore Now! Seven Years Later, BMC’s School Privatisation Plot Gets a Fresh Chapter

STORIES YOU MAY LIKE

Image Source : Moneycontrol

Subros Records Solid September Quarter Performance: Rs. 880 Crore Revenue and Rs. 20.74 Crore Profit

Image Source : The Times Of India

Official Slogan for Qatar National Day 2025: A Tribute to Human Development and Nation-Building

Image Source: The Beauty Breakfast Club

WOW STORY OF THE DAY: From Zero Shelves to $100M Selfies: How Saie Beauty Became the Clean Queen of Gen Z

Image Source : Brands Pe Charcha

The Young Visionary Behind Perplexity AI: Aravind Srinivas Changing How We Search Online

Image Source: Revs Sortz

The Future of Indian Sports: Delhi’s Jawaharlal Nehru Stadium to Become a World-Class Sports City

Image Source : Facebook

Mahindra EPC Bags Rs. 19.21 Crore Contract for Advanced Micro Irrigation Systems

Image Source : Free Press Journal

Bajaj Consumer Care Reports Strong Q2: Rs. 265 Crore Consolidated Revenue and Rs. 42 Crore Net Profit

Top Searches

Suggestions

Shah Launches Digital Apps For Urban Co-Op Banks, Sets Target Of One UCB Per Town

STORIES YOU MAY LIKE

Live Blogs

Top Stories

Shah Launches Digital Apps For Urban Co-Op Banks, Sets Target Of One UCB Per Town

STORIES YOU MAY LIKE

Subscribe to receive the day's headlines from WOWNEWS 24X7 straight in your inbox

Live Blogs

Top Stories