India, Nov. 11 -- The government is focusing squarely on expanding the urban cooperative credit sector, Union home and cooperation minister Amit Shah said on Monday, urging lenders to adopt digital technologies for transactions in a key address at an international conference in the national capital.
Every city in the country with a population of over 200,000 will have a cooperative bank in the next five years, Shah said, adding: "In the past two years, we have succeeded in reducing the NPA (non-performing assets from 2.8 per cent to 0.6 per cent."
At the international conference on the urban cooperative credit sector, Co-Op Kumbh 2025, Shah listed several steps to bolster lending by financial entities in the cooperative sector, part of ...
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