New Delhi, June 19: Union Home and Cooperation Minister Amit Shah on Thursday reviewed a set of ongoing measures aimed at strengthening the cooperative banking sector and enhancing India’s export competitiveness.
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The review focused on improving the financial stability, governance, and operational efficiency of cooperative banks, which play a key role in providing credit support at the grassroots level, especially in rural and semi-urban regions. Discussions also highlighted the need to deepen financial inclusion and expand the reach of cooperative institutions.
Alongside this, the meeting assessed strategies to boost exports by improving global competitiveness, supporting diversification of export products, and ensuring better institutional coordination for trade promotion. Emphasis was placed on enabling stronger linkages between financial institutions and export-oriented industries.
Officials noted that modernising the cooperative sector is essential to strengthening rural credit systems and supporting economic activity at the grassroots level. The Minister underlined the importance of ensuring transparency, accountability, and long-term sustainability within cooperative banking institutions.
The review forms part of the government’s broader effort to reinforce the cooperative sector as a pillar of inclusive growth while simultaneously advancing India’s export-led economic expansion.
