During the United Nations-proclaimed International Cooperative Year 2025, the Yogi administration is stepping up efforts to achieve ambitious targets in an attempt to revitalise urban cooperative banks and save them from suffering financial losses.

Recovering 70% of non-performing assets (NPAs) before the end of the year is one of the main goals. About 60% of the recovery is still awaiting over the next nine months, and this recovery objective has been broken down into quarterly milestones.

Important goals have also been established to raise membership, deposits, loan disbursement, and share capital. According to the plan, urban cooperative banks must increase:

-A 10% increase in share capital

-A 16 percent increase in deposits

-A 12% increase in loan disbursement

-A 20% membership rate

Four quarterly stages have been established for them. Banks are required to raise their members by 5%, loans by 3%, deposits by 4%, and share capital by 2.5% every quarter. The quarterly goals for NPA recovery are established at 10% for the first quarter and 20% for each of the next three.

The department has put out a number of action plans to help achieve these objectives, including:

-Reaching underprivileged people to increase financial inclusion

-Introducing focused loan and savings programs

-Advancing online financial services

-Providing specific financing for ecological initiatives like water and solar energy

-Offering members financial services training

These policies seek to promote equitable economic development across the state and bolster the cooperative banking industry.