New Delhi: Union Cooperation Minister Amit Shah on Monday launched two mobile applications – Sahakar Digi Pay and Sahakar Digi Loan – for urban cooperative banks, describing digital payment adoption as essential for their survival in an increasingly cashless economy.

Addressing a two-day international conference on the urban cooperative credit sector, Shah highlighted the government’s efforts to professionalise urban cooperative banks (UCBs) and cooperative credit societies, crediting the Reserve Bank of India for enabling their modernisation.

He pointed to significant improvements in the sector’s health, with non-performing assets declining from 2.8 per cent to 0.6 per cent over the past two years.

“There has been good improvement in NPAs. There has been reform in their operations and

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