Co-Op Kumbh 2025

• 11 Nov 2025

Source: IE 

The Union Minister of Cooperation inaugurated ‘Co-Op Kumbh 2025’, an international conference on the future of India’s urban cooperative banking sector, and adopted the Delhi Declaration 2025. 

Key Outcomes 

• Delhi Declaration 2025: It will serve as a roadmap for the expansion of Urban Cooperative Banks (UCBs). 
• Digital Initiatives: Launch of Sahkar Digi-Pay and Sahkar Digi-Loan apps to enable even the smallest UCBs to offer digital payment and loan facilities. 
• Expansion Goal: A target to establish one UCB in every city with a population of over 2 lakhs within 5 years. 
• Future Initiatives: National Federation of Urban Cooperative Banks and Credit Societies (NAFCUB) has been directed to onboard 1,500 banks onto Sahkar Digi-Pay within two years; encourage conversion of successful credit societies into UCBs. 
  • NAFCUB is an Apex Level promotional body for Urban Cooperative Banks and Credit Societies, registered as a Multi-State Cooperative Society in February 1977. 

Key Achievements in Cooperative Sector 

• Financial Discipline: Non-performing assets (NPAs) of UCBs have come down to 0.6% from 2.8% since 2023. 
• Global Recognition of Cooperatives: Amul ranked 1st and IFFCO ranked 2nd globally by the International Cooperative Alliance.

Read More: Amul Ranks as the World's Top Cooperative in GDP Per Capita