While addressing a session during CoopKumbh 2025 on Tuesday, Sukesh Zamwar, Chairman of Buldana Urban Cooperative Credit Society, India’s largest multistate credit cooperative, urged the government to revise the aggregate exposure limit for multistate credit cooperatives to enable greater operational flexibility and growth.
Zamwar highlighted that under the existing CRCS guidelines, a multi state cooperative’s total deposits and loans cannot exceed ten times its subscribed share capital and accumulated reserves.
He proposed raising this limit to 20–25 times, arguing that such an enhancement would empower financially strong cooperatives to expand responsibly and play a larger role in the country’s economic development.
Commending NAFCUB for organizing the event and strengthening the cooperative credit movement, Zamwar noted that Buldana Urban has achieved a business turnover of Rs 26,000 crore, serves 17 lakh members, and touches the lives of over one crore people across India.
With 476 branches, he said, the institution continues to play a vital role in advancing financial inclusion, especially in rural and semi-urban areas.
Zamwar also drew attention to sectoral challenges such as restrictions on branch expansion, a shortage of professional staff, and the need for simplified regulatory processes.
He urged the Central Registrar of Cooperative Societies (CRCS) to establish a “one-window system” for multistate cooperatives to address these operational hurdles and facilitate smoother governance.
