Archive · 11 Nov 2025
Amit Shah Launches Digital Apps to Modernize Urban Cooperative Banks
Imagine banks that help local communities, called urban cooperative banks.
The government wants to make these banks better by using technology.
So, a minister named Amit Shah launched two new phone apps, Sahkar DigiPay and Sahkar DigiLoan.
These apps will help people pay and get loans more easily and without lots of paper.
This is important because many people are now using phones to do their banking, and these banks need to keep up.
The minister also said that within five years, every town with over 200,000 people should have one of these special banks.
He wants these banks to help everyone, especially people who need a little extra support, by making special money products for them.
The goal is to make sure these banks are strong and help lots of people across the country.
Union Minister Amit Shah launched two digital platforms, Sahkar DigiPay and Sahkar DigiLoan, for urban cooperative banks (UCBs).
The new apps aim to make payments and loan access faster, paperless, and transparent for UCB members.
Shah set a five-year target to establish an urban cooperative bank in every town with a population exceeding 2 lakh.
He urged UCB umbrella organizations to onboard all 1,500 cooperative banks onto the new platforms within two years.
The minister also emphasized the need for UCBs to redesign financial products to benefit underprivileged individuals and young entrepreneurs.
- Who
- Union Minister of Home Affairs and Cooperation Amit Shah
- What
- Launched two digital platforms, Sahkar DigiPay and Sahkar DigiLoan, to modernize urban cooperative banks and set a five-year expansion goal for UCBs.
- When
- Monday
- Where
- Vigyan Bhawan, New Delhi, at the International Conference of Urban Cooperative Credit Sector 2025 (Coop Kumbh 2025)
- Why
- To make payments and credit access faster, paperless, and transparent for cooperative members, keep UCBs competitive in a digitalizing economy, and expand banking services to larger towns.
Government (Amit Shah)
UCB Umbrella Organizations (NAFCUB, NUCFDC)
Digital Adoption and Expansion
Government (Amit Shah)
Union Minister Amit Shah emphasizes rapid digitalization through new apps (Sahkar DigiPay, Sahkar DigiLoan) for UCBs to remain competitive. He also set a five-year goal for establishing a UCB in every town with a population over 2 lakh, urging organizations to set yearly targets for new banks and branches.
UCB Umbrella Organizations (NAFCUB, NUCFDC)
NAFCUB and NUCFDC, organizers of the event, are tasked with ensuring all 1,500 cooperative banks onboard the new digital platforms within two years. While acknowledging the digital push, their primary role is also to promote UCB interests and operational efficiency.
Support for Underprivileged
Government (Amit Shah)
Amit Shah called for UCBs to redesign financial products to benefit underprivileged individuals and young entrepreneurs in small towns.
UCB Umbrella Organizations (NAFCUB, NUCFDC)
While not directly stated, the UCB umbrella organizations are expected to implement these directives and guide their member banks.
- Launched Apps
- Sahkar DigiPay and Sahkar DigiLoan
- Targeted Population
- Nearly 9 crore depositors and borrowers
- Digitalization Goal
- Ensure all 1,500 cooperative banks onboard new platforms within two years
- Expansion Goal
- One urban cooperative bank in every town with population over 2 lakh within five years
- Event
- International Conference of Urban Cooperative Credit Sector 2025 (Coop Kumbh 2025)
- Organizers
- NAFCUB and NUCFDC
