The Co-operative Banking Sector of Gujarat has been servicing the common man since last 128 years much before the Gujarat Co-operative Societies Act got enacted in 1908, 109 years back.
The Urban Co-operative Banks of Gujarat big & small, have been playing an instrumental role as financial power houses for the common man in each stage of his life - education, career building as entrepreneurs, helping buy the dream home, meeting personal needs through gold loans, setting up industries through term loans, business expansion through working capital limits & encouraging savings through term deposits.
All through these years and in the context of the global meltdown that shook the Western & European world the Co-operative Banking Sector has stood the test of time. It continues to demonstrate that it is a sustainable & viable model offering affordable finance for not only economic but socio economic upliftment of the common man.
Historically Co-operative Banks were started by ordinary people with miniscule capital. To date these banks represent the common man. These people have a feeling of ownership & pride in their association. Over time these banks have become financially strong & the assets generated by these banks also belong to the common people who are their members,
1) Technology upgradation to help even the tiniest bank acquire capabilities to offer world class banking.
2) Consolidate the co-operative brand “Proudly Co-operative” to provide banks & other Co-operative Organizations with a uniform identity.
3) Carry out research for the sector to develop a road map for 2020 in its endeavor to constantly prepare banks to meet future challenges.
The declaration of 2012 as the International Year of Co-operatives by UNO had given us a unique opportunity to go to the public to highlight success stories, various socio-economic business models & initiatives that the Federation & its member banks have taken.
The Federation has decided to celebrate this year through various initiatives for financial inclusion & inclusive growth. The details of such initiatives & projects with emphasis on youth & women are highlighted separately under the title IYC initiatives.
The Federation is committed to serve the common man guided by Co-operative Principles, Values & Regulation.
The Federation continues to be absolutely confident that the Urban Co-operative Sector of the State is fully geared to raise to the expectations of the common man and handhold each such individual to a safe, secure & prosperous future.
The Federation deeply appreciates the recognition that UNO has given to the co-operative movement & pledges complete support in this initiative.
We recognize the efforts put in by Shri Prakash Kapoor for improving this website & making it interactive and the team of PHOENIX IT PARK as the design and developing team for having conceived & compiled this profile of the federation.Mr. Jyotindra Mehta,