Objective of the National Conclave

The newly formed separate Ministry for Cooperation by Government of India has been actively engaged in various activities for the growth and development of the cooperative sector, to achieve the objective of “Sahakarita Se Samridhi”.

Since Urban Cooperative Banks are important part of Cooperative Sector and are directly linked with the objective, NAFCUB is proposing to organize National Conclave of Scheduled & Multistate Urban Cooperative Banks at New Delhi in the last week of April 2022 with the Theme : “Future Role of Urban Cooperative Credit Sector”.

Hon’ble Union Minister for Home and Cooperation ShriAmit Shah is the Chief Guest of the function. Shri B. L. Verma, Hon’ble Minister of State for Cooperation will grace the occasion.

NAFCUB will present the issues concerning the scheduled and Multi-state Urban Cooperative Banks before the Hon’ble Minister during the Conclav. Main objective of this National Conclave will be:

1. To prepare a Road Map for Future Growth of Urban Cooperative Credit Sector;
2. To sensitize Urban Cooperative Credit Sector about the role of National Level Umbrella Organisation in Strengthening the sector;
3. To expand credit to achieve the Government objective of attaining $5 trillion economy;
4. To make urban cooperative credit sector fully digital to meet the aspirations of next generation;
5. To gear up urban cooperative credit sector for Cyber Security Vision 2020- 2023;
6. To promote cooperative credit system during “Azadi Ka Amrit Mahotsav” to enhance their outreach and double their market share.

About Ministry Of Cooperation

“Sahakar se Samriddhi”

The Ministry is headed by Shri Amit Shah, Hon’ble Minister for Cooperation and is assisted by Shri B. L. Verma, Hon’ble Minister of State for Cooperation.

The Ministry is aims to deepen co-operatives as a true people-based movement reaching up to the grassroots and develop a cooperative based economic model where each member works with a spirit of responsibility. The activities include streamlining processes for ‘Ease of doing business’ for co-operatives and enabling development of Multi-State Co-operative Societies. It lays emphasis on strengthening, bringing transparency, modernization, computerization, creating competitive cooperatives, working constantly to meet the challenge of accessibility to development for every underprivileged in rural areas and on connecting every village with cooperatives

About NAFCUB

The National Federation of Urban Cooperative Banks and Credit Societies Ltd. (NAFCUB) is an Apex Level Promotional body of Urban Cooperative Banks and Credit Societies Ltd. in the Country. Our main objective is to promote the urban cooperative credit movement and protect the interest of the Sector. The Federation was registered under the Multi-State Cooperative Societies Act as a Multi State Cooperative Society on 17th February, 1977. The Registered Office of NAFCUB is at Delhi and the area of operation is whole of the country. We represent around 1600 Urban Cooperative Banks and more than 50,000 Cooperative Credit Societies functioning all over India.