Amit Shah inaugurates International Year of Cooperatives 2025 function in Mumbai; opens NUCFDC corporate office
Cooperation Minister Amit Shah addressed the inaugural function of the International Year of Cooperatives 2025 in Mumbai, Maharashtra on 24 January 2025 and inaugurated the corporate office of NUCFDC, the umbrella body for urban cooperative banks.
Summary
Union Cooperation Minister Amit Shah addressed the inaugural function of the UN International Year of Cooperatives 2025 in Mumbai, Maharashtra on 24 January 2025 and inaugurated the corporate office of the National Urban Cooperative Finance and Development Corporation (NUCFDC), the umbrella organisation for urban cooperative banks. Shah said India has 1,465 urban cooperative banks, nearly half in Gujarat and Maharashtra, 49 scheduled cooperative banks and over 8.25 lakh cooperative institutions. The International Year of Cooperatives concludes on 31 December 2025.
Key facts
- Date
- 24 January 2025, Mumbai, Maharashtra
- Event
- Inaugural function, UN International Year of Cooperatives 2025
- NUCFDC
- Umbrella organisation for urban cooperative banks – corporate office inaugurated
- Urban cooperative banks
- 1,465 (nearly half in Gujarat and Maharashtra)
- Scheduled cooperative banks
- 49
- Cooperative institutions
- Over 8.25 lakh
- Year ends
- 31 December 2025
Practice MCQs 2 questions
NUCFDC, whose corporate office was inaugurated in Mumbai on 24 January 2025, is the umbrella organisation for which institutions?
Show answer
Correct answer: B — Urban cooperative banks
PIB 2095982: the National Urban Cooperative Finance and Development Corporation is the umbrella organisation for urban cooperative banks.
How many urban cooperative banks does India have, according to the Cooperation Minister on 24 January 2025?
Show answer
Correct answer: C — 1,465
PIB 2095982: India has 1,465 urban cooperative banks, nearly half in Gujarat and Maharashtra, and 49 scheduled cooperative banks.