The National Urban Co-operative Finance and Development Corporation (NUCFDC), the Umbrella Organization for Urban Cooperative Banks (UCBs), has launched Sahakar Digipay and Sahakar Digiloan. These two purpose-built digital solutions aim to strengthen payments infrastructure and automate lending operations across the UCBs. The initiative is part of NUCFDC’s broader strategy to drive digital transformation, enhance operational efficiency, and promote customer-centric innovation within the UCB ecosystem at affordable costs.
Unveiled by Union Home Minister and Minister of Cooperation Amit Shah, at Co-op Kumbh 2025, the new digital solutions align with the government’s vision of creating digitally empowered and sustainable UCBs. The products are designed to modernize UCB operations and enable them to better serve a new generation of tech-savvy customers.
Union Home Minister and Minister of Cooperation Amit Shah said that in the past two years, we have succeeded in reducing Non-Performing Assets (NPA) from 2.8% to 0.06%. Along with this, we must improve operational standards and further strengthen the improvements achieved in financial discipline. Establishing one urban cooperative bank in every city will be possible only when we work toward converting cooperative societies into banks. He said that Gross Domestic Product (GDP) figures alone cannot reflect our progress; along with them, we must also ensure that every person gets some work and that their standard of living improves, which cannot happen without cooperatives. Shri Shah said that the Government of India and all state governments fully understand the concept and importance of cooperatives, and now there is a need to work with renewed confidence and effort in a transparent and result-oriented manner.
Amit Shah said that the International Cooperative Alliance has placed Amul at the first position and IFFCO at the second position in the global ranking. This shows that even today, the idea and culture of cooperatives have not become outdated. Amul has become the driver of the White Revolution in the country, and through its 3.6 million farmer members, 18,000 village societies, and 18 district unions, it collects 30 million liters of milk every day across India. He said that in the year 2024–25, Amul’s turnover crossed 90,000 crore rupees, which shows that 3.6 million farmers, more than 65 per cent of whom are women, have together been successfully running such a large cooperative for so many years with small individual contributions. Shah added that this reflects the vast potential available for cooperatives in our country.
Union Minister of Cooperation said that IFFCO has secured the position of the second-largest cooperative organization in the world. IFFCO has recorded a turnover of 41,000 crore rupees and a profit of 3,000 crore rupees. He said that IFFCO is a society of cooperative societies, and across the country, 35,000 cooperative societies, most of which are Primary Agricultural Credit Societies (PACS) and marketing-related societies, are its members. Through these societies, more than 5 crore farmers have become members of IFFCO, and today IFFCO has become a pillar of India’s Green Revolution by producing 93 lakh metric tonnes of urea and DAP. He added that IFFCO’s nano urea and nano DAP are now being exported to 65 countries, including Brazil, Oman, the United States, and Jordan.
Speaking about the products, Jyotindra Mehta, Chairman, NUCFDC, said, “India’s 1,400-plus Urban Co-operative Banks serve over 9 crore customers across the country through a network of nearly 11,500 branches. They play a vital role in advancing financial inclusion, yet many continue to face challenges in adopting secure and scalable digital systems. To remain trusted and competitive, UCBs must become digitally strong while upholding their core values of trust and transparency. NUCFDC’s product suite is designed to bridge this gap by offering affordable, future-ready solutions that strengthen governance and service delivery. These innovations will empower UCBs to deliver faster, smarter, and more secure financial services, making them self-reliant and driving their growth.”
Prabhat Chaturvedi, CEO, NUCFDC added that “The products are designed to simplify digital transformation for UCBs, with each addressing a specific operational challenge. These solutions minimize manual intervention, improve turnaround time, and ensure regulatory compliance. Built for long-term digital resilience, they mark a decisive step toward making UCBs more confident and efficient. It is an important milestone in the digital evolution of India’s Urban Co-operative Banking sector, enabling UCBs to become more competitive and resilient in a fast-changing financial landscape.”
Sahakar Digipay by NUCFDC is a centralized UPI switch designed to help banks lower transaction costs. It is equipped with advanced fraud detection and risk mitigation tools, providing Urban Co-operative Banks with a secure, scalable, and compliant payments infrastructure.
Sahakar Digiloan, is a Loan Origination System that enables UCBs to accelerate customer onboarding through paperless processes. It features digital KYC, automated credit assessment, and real-time risk identification to strengthen both retail and commercial lending operations. Designed to promote data-driven decision-making and transparent credit delivery, the platform aims to significantly reduce turnaround time and enhance lending efficiency of the UCBs.
