The Ministry of Cooperation has lauded the landmark achievement of two leading cooperative institutions, Amul and Saraswat Cooperative Bank, for crossing the Rs 1 lakh crore mark, calling it a proud moment for India’s cooperative movement and a reflection of inclusive economic growth.
In a message shared on social media, the Ministry congratulated both entities, noting that such milestones underline the growing strength of cooperatives under the leadership of Narendra Modi. It emphasized that the achievements reaffirm the vision of “Sahkar Se Samriddhi,” where collective effort drives prosperity and self-reliance.
Amul, managed by the Gujarat Cooperative Milk Marketing Federation (GCMMF), has reached over Rs 1 lakh crore in annual turnover, becoming the first cooperative FMCG entity in India to attain this scale.
Built on a vast network of nearly 3.6 million dairy farmers, Amul has been central to India’s White Revolution and continues to play a transformative role in rural livelihoods. Its diversified product portfolio, ranging from milk and butter to value-added dairy products, combined with a robust distribution network, has helped it maintain strong growth momentum.
The cooperative model ensures that profits flow back to farmers, strengthening grassroots economic empowerment and sustaining rural economies.
On the other hand, Saraswat Cooperative Bank has crossed Rs 1 lakh crore in total business, marking a historic milestone in the urban cooperative banking sector. Established over a century ago, the bank has evolved into the largest urban cooperative bank in India, with a strong presence across several states.
Its growth has been driven by customer trust, technological adoption, and strategic expansion, including mergers and network enhancement. The bank offers a wide range of financial services, catering to individuals, small businesses, and cooperative institutions, thereby reinforcing its role in financial inclusion.
The Ministry highlighted that both achievements showcase the resilience, transparency, and credibility of the cooperative model. While Amul represents the strength of farmer-led enterprise in the dairy sector, Saraswat Bank exemplifies stability and growth in cooperative banking. Together, they illustrate how cooperatives can compete with corporate entities while remaining rooted in community participation.
Describing the milestone as a boost to India’s journey towards self-reliance, the government noted that such successes will further energize the cooperative ecosystem. It added that the accomplishments of these institutions will inspire other cooperatives to scale up operations and adopt best practices, contributing to a more inclusive and sustainable economic framework.
