Uttar Pradesh CM Yogi Adityanath has clarified that the state’s cooperative banks are not defaulters and continue to remain financially healthy. Emphasising their stability, the Chief Minister said that cooperative banks are not only self-reliant but are also actively contributing to the prosperity of their members and farmers across the state.
CM Yogi Adityanath Asserts Strength of Uttar Pradesh’s Cooperative Banks
According to CM Yogi Adityanath, cooperative banks play a crucial role in strengthening the rural economy of Uttar Pradesh. By providing timely credit, agricultural loans, and financial support to small and marginal farmers, these institutions have become a strong pillar of the state’s grassroots financial system. He noted that their sound financial health reflects improved governance, transparency, and effective monitoring.
Chief Minister highlighted that cooperative banks are deeply connected with farmers
The Chief Minister highlighted that cooperative banks are deeply connected with farmers and rural entrepreneurs, helping them overcome financial challenges and invest in productive activities. Their continued support has boosted agricultural growth, enhanced income opportunities, and encouraged self-reliance among farming communities.
Officials added that reforms introduced in recent years have helped cooperative banks improve recovery mechanisms, reduce non-performing assets, and ensure better service delivery. These steps have strengthened public trust in the cooperative banking sector and reinforced its role in inclusive economic development.
CM Yogi Adityanath reaffirmed the state government’s commitment to empowering cooperative institutions, stating that a strong cooperative banking network is essential for achieving balanced growth and ensuring that the benefits of development reach every village and farmer.
