New Delhi: In a bid to make India’s urban cooperative banks (UCBs) digitally savvy, Union home minister and cooperation minister Amit Shah on Monday launched two new digital platforms—Sahkar DigiPay and Sahkar DigiLoan—aimed at making payments and credit access faster, paperless and transparent for cooperative members.

The new platforms are expected to transform day-to-day banking for nearly 9 crore depositors and borrowers who rely on UCBs, many of which are gradually transitioning from manual systems to digital operations.

“Sahkar DigiPay and Sahkar DigiLoan are very important platforms in the current scenario when digitalisation of financial services has grown sharply. If cooperative banks do not match this growth, then they will be out of the race,” said Shah, inaugurating the two-d

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