Amit Shah addresses 'Co-Op Kumbh 2025'; Sahkar Digi-Pay and Digi-Loan apps launched
Union Cooperation Minister Amit Shah addressed 'Co-Op Kumbh 2025', an international conference on the urban cooperative credit sector organised by NAFCUB in New Delhi on 10 November 2025 to mark the International Year of Cooperatives.
Summary
At Co-Op Kumbh 2025, the umbrella organisation of urban cooperative banks launched the 'Sahkar Digi-Pay' and 'Sahkar Digi-Loan' apps, and Shah said the conference's 'Delhi Declaration 2025' would serve as a roadmap for expanding Urban Cooperative Banks. He said an Urban Cooperative Bank will be set up in every city with a population of over 2 lakh within five years, and that the sector's NPA had fallen from 2.8% to 0.6% in the past two years. He also cited Amul and IFFCO ranking first and second globally among cooperatives.
Key facts
- Event
- Co-Op Kumbh 2025, New Delhi
- Organiser
- NAFCUB
- Occasion
- International Year of Cooperatives
- Apps launched
- Sahkar Digi-Pay; Sahkar Digi-Loan
- Target
- UCB in every city of 2 lakh+ population in 5 years
- UCB NPA
- 2.8% → 0.6% in two years
Practice MCQs 2 questions
According to Amit Shah at Co-Op Kumbh 2025, to what level has the NPA of urban cooperative banks fallen in the past two years?
Show answer
Correct answer: B — 0.6%
Shah said the NPA fell from 2.8% to 0.6% in the past two years.
Which two apps were launched for urban cooperative banks at Co-Op Kumbh 2025?
Show answer
Correct answer: D — Sahkar Digi-Pay and Sahkar Digi-Loan
The umbrella organisation launched the 'Sahkar Digi-Pay' and 'Sahkar Digi-Loan' apps.