UP Cooperative Banks’ Business Soars To Rs 41,234 Crore; Crop Loan Distribution Doubles Since 2017

By Kamakshi Bishnoi
Thu, 29 May 2025 03:00 PM (IST)

Source:JND

The Yogi government’s campaigns for empowering cooperative institutions are yielding impressive results, marked by a significant increase in loan disbursement and profitability. The Uttar Pradesh Cooperative Bank has witnessed a remarkable rise in loan distribution, from Rs 9,190 crore in 2017 to Rs 23,061 crore in 2025, reflecting a two-and-a-half-fold growth under the leadership of Chief Minister Yogi Adityanath.

This surge has played a crucial role in economically empowering farmers and small entrepreneurs across the state. The bank’s net profit has also more than tripled, climbing from Rs 32.82 crore in 2017 to over Rs 100 crore in 2025, signaling improved management and enhanced transparency.

Similarly, district cooperative banks have expanded their total business to Rs 41,234 crore. Crop loan distribution, an essential support for farmers, has doubled since 2017, reaching Rs 11,516 crore, enabling timely financial assistance and contributing to increased agricultural productivity.

Additionally, 13 new branches of cooperative banks have been established across Uttar Pradesh. Primary Agricultural Credit Societies (PACS) have been developed into multi-service centers, offering villagers access to a range of facilities such as banking, seeds, fertilisers, and insurance—all under one roof—facilitating greater convenience in rural areas.

This comprehensive growth in cooperative institutions highlights the state government’s commitment to strengthening rural economies and supporting the agricultural sector.