The Uttar Pradesh government has revived 16 closed cooperative banks and turned them around into profits.
Since 2017, 16 closed district cooperative banks have been revived with a support totalling more than Rs 306 crore.
Their Non Performing Assets (NPAs) dropped from Rs 800 crore in 2017 to Rs 278 crore in March 2025.
By March 2025, they reported a loan business of Rs 1,000 crore, and all the banks came into profit.
UP chief minister Yogi Adityanath has now directed for setting up a State Cooperative College to promote study, teaching and research in the cooperative sector.
He said cooperatives must become gateways for youth employment in agriculture, dairy, fisheries and services.
As part of the M-PACS Membership Mahabhiyan (Sept 12–Oct 12), the government aims to connect every farmer-family with cooperatives.
In last year’s drive, over 3 million new members were enrolled, including 1.733 million farmers.
Meanwhile, the Food Corporation of India (FCI) has identified 96 sites across 35 districts for India’s largest warehousing project, set to be completed by April 2026.
QR/UPI-based payments have introduced in 6,101 societies; 6,443 M-PACS upgraded as PM Kisan Samriddhi Kendras; 161 societies host Jan Aushadhi Kendras.
Yogi emphasised that the trust of farmers and depositors is the ‘real capital’ of cooperatives, and said UP is scripting “a new history” in the sector.