New Delhi, November 10 (ANI): Home Minister Amit Shah will address the International Conference of Urban Cooperative Credit Sector CO-OP KUMBH 2025 at Vigyan Bhawan in New Delhi on Monday. (ANI photo/Rahul Singh) | Photo credit: ANI
The new digital solution, unveiled by Union Home Minister and Cooperation Minister Amit Shah at the Co-op Kumbh 2025, is designed to modernize UCB’s operations and enable them to better serve a new generation of tech-savvy customers, NUCFDC, the umbrella organization for UCBs, said in a statement.
Sahakar Digipay is a centralized UPI switch designed to help banks reduce transaction costs. It is equipped with advanced fraud detection and risk mitigation tools, providing UCBs with a secure, scalable and compliant payment 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 residential and commercial lending.
Designed to promote data-driven decision-making and transparent lending, the platform aims to significantly reduce turnaround time and improve UCBs’ lending efficiency.
Jyotindra Mehta, Chairman, NUCFDC, noted that India’s 1,400-plus UCBs serve over 9 crore customers across the country through a network of nearly 11,500 branches.
These banks play a crucial role in promoting financial inclusion, yet many continue to face challenges in adopting secure and scalable digital systems, he said.
“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, forward-looking solutions that strengthen governance and service delivery.
“These innovations will enable UCBs to deliver faster, smarter and more secure financial services, making them self-reliant and fueling their growth,” said Mehta.
Prabhat Chaturvedi, CEO of NUCFDC, noted that the new products minimize manual intervention, improve turnaround time and ensure regulatory compliance.
“Built for long-term digital resilience, they mark a decisive step in making UCBs more confident and efficient. It is an important milestone in the digital evolution of the Indian UCB sector, enabling them to become more competitive and resilient in a rapidly changing financial landscape,” he said.
Published on November 10, 2025
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