The ‘Delhi Declaration 2025’ of the international conference organized by NAFCUB will serve as a roadmap for the expansion of Urban Cooperative Banks

 Amit Shah, today addressed the international conference on the urban cooperative credit sector, ‘Co-Op Kumbh 2025’ in New Delhi as the Chief Guest. On this occasion, the Union Minister of State for Cooperation, Shri Krishan Pal Gurjar, the Secretary of the Ministry of Cooperation, and several other dignitaries were present.

In his address, Union Home Minister and Minister of Cooperation, Shri Amit Shah, said that the Cooperative Kumbh of urban cooperative banks and credit societies is being organized to mark the International Year of Cooperatives. He said that over the past 3–4 years, the country’s urban cooperative banking sector and cooperative credit society sector have been moving forward with renewed enthusiasm. He added that during Co-Op Kumbh 2025, there will be discussions on policy, technology, and innovation to tap several possibilities related to this sector. He said, the ‘Delhi Declaration 2025’ of the international conference organized by NAFCUB will serve as a roadmap for the expansion of Urban Cooperative Banks.

Shri Amit Shah said that through Co-Op Kumbh 2025, our dream of expanding urban cooperative banks will be fulfilled very soon. He said that today, Sahkar Digi-Pay and Sahkar Digi-Loan have been launched here by the umbrella organization. Through the Sahkar Digi-Pay app, even the smallest urban cooperative banks will be able to offer digital payment facilities.

Union Home Minister and Minister of Cooperation said that since the establishment of the Ministry of Cooperation, the Modi government has taken several important policy decisions to bring about fundamental changes in every sector related to cooperatives. Along with this, many steps have also been taken to modernize the cooperative sector, resolve its challenges, and expand the reach of cooperatives. He said that all state governments in the country have accepted the model bylaws for PACS.