New Delhi, Feb. 10 -- Minister of State for Finance Pankaj Chaudhary informed the Rajya Sabha on Tuesday about a comprehensive set of measures by the Government and Reserve Bank of India to bolster the cooperative banking sector's financial health, governance, digital access and depositor protection.
Under the reforms, loans sanctioned by banks to the National Cooperative Development Corporation (NCDC) for on-lending to cooperative societies will now qualify as priority sector lending under the revised Priority Sector Lending norms with effect from January 19, 2026.
This change is expected to facilitate greater institutional credit flow to cooperative societies engaged in priority economic activities and boost credit availability through ...