Union Cooperation Minister inaugurated Co-op Kumbh 2025, an international conference on the urban cooperative credit sector, in New Delhi.
The National Federation of Urban Cooperative Banks and Credit Societies Limited (NAFCUB) and urban organisations will issue guidelines for redesigning cooperative bank structures.
The government aims to establish an urban cooperative bank in every town with a population above two lakhs within five years.
Tribhuvan Cooperative University has been set up to train professionals for the cooperative sector.
Digital initiatives like Sahakar DigiPay and Sahakar DigiLoan apps will enable small urban cooperative societies to adopt digital payments.