Key Takeaways
- Every Indian city with over 2 lakh population to get an urban cooperative bank within 5 years
- Announcement made by Union Minister Amit Shah at Co-Op Kumbh 2025 in Delhi
- Delhi Declaration 2025 to serve as strategic blueprint for cooperative banking expansion
Union Home Minister and Cooperation Minister Amit Shah announced on Monday that the government will establish urban cooperative banks in all cities with populations exceeding 2 lakh within the next five years.
The significant announcement came during Shah’s address at the international conference on urban cooperative credit sector – Co-Op Kumbh 2025 – held in the national capital.
Strategic Roadmap for Cooperative Banking
Shah emphasized that the conference, coinciding with the International Year of Cooperatives, would play a crucial role in developing a comprehensive roadmap to scale and modernize India’s cooperative banking ecosystem.
The minister revealed that the ‘Delhi Declaration 2025’ would serve as a strategic blueprint for expanding and strengthening Urban Cooperative Banks across the country, marking a significant step toward financial inclusion and cooperative sector development.
