Amit Shah to inaugurate corporate office of NUCFDC in Mumbai

On January 24, 2025, Union Home and Cooperation Minister Amit Shah inaugurated the corporate office of the National Urban Cooperative Finance and Development Corporation (NUCFDC) in Mumbai, marking a significant milestone in the modernization of India's urban cooperative banking sector. The inauguration took place during the International Year of Cooperatives 2025, a global initiative aimed at strengthening cooperative institutions worldwide. This initiative aims to bolster the urban cooperative banking sector by enhancing self-regulation and professional standards among urban cooperative banks across the country. The establishment of NUCFDC marks a significant step in the government's efforts to strengthen the cooperative banking framework and promote inclusive economic growth.