Overview
- Union minister Amit Shah virtually inaugurated the Sahakar Bhavan, the new headquarters of the Jamnagar District Cooperative Bank, with Gujarat chief minister Bhupendra Patel joining the event.
- Officials said the building cost about Rs 25 crore, sits on 25,000 square feet of land, offers nearly 47,000 square feet of usable space, and was designed to meet the bank’s needs for the next 15 years.
- The government says the facility was built to meet standards set by the Reserve Bank of India and NABARD and is equipped with state-of-the-art technology for modern banking operations.
- Ministry of Cooperation officials described wider reform steps that include creating more than 200,000 primary agricultural credit and dairy societies, adding over 20 new business activities to PACS, moving cooperative audits online, and linking co-op institutions digitally, with these figures reported by the minister.
- The ministry argues the push will strengthen rural finance by expanding services and oversight for farmers and small borrowers; Jamnagar’s bank growth from a 1969 capital of Rs 2.5 lakh to a reported business of about Rs 215 crore was cited as an example of cooperative impact.