Rajasthan-based Udaipur Mahila Samridhi Urban Cooperative Bank Ltd. has become the first Urban Cooperative Bank (UCB) in the country to go live on NUCFDC’s Sahakar DigiLoan, a digital lending platform developed by the National Urban Cooperative Finance and Development Corporation (NUCFDC), the umbrella organization for Urban Cooperative Banks.
The landmark launch took place during the bank’s 32nd Annual General Meeting (AGM) held in Udaipur, which witnessed the participation of more than 1,000 members along with several dignitaries.
The event was graced by Punjab Governor Gulab Chand Kataria as the chief guest, along with Anita Kataria, Regional Auditor Ashutosh Bhatt, Deputy Registrar of Cooperative Societies Lokesh Joshi, and other senior officials.
Launching the Sahakar DigiLoan platform, Governor Kataria said the initiative would bring greater transparency and efficiency in loan disbursement while significantly improving customer convenience. He urged the bank to focus on financing women entrepreneurs, small businesses, and micro-enterprises, enabling them to become self-reliant and contribute to the country’s economic development.
Kataria also encouraged women to establish home-based enterprises such as food processing, spice manufacturing, and other small-scale industries, stating that cooperative banks should actively support such ventures by providing timely financial assistance. He emphasized that cooperative institutions should strive not only for profitability but also for social development and financial inclusion.
Bank Chairperson Dr. Kiran Jain presented the bank’s annual report and highlighted its strong financial performance during FY 2025-26. She said the bank’s deposits increased to Rs 152 crore, while advances reached Rs 64.45 crore, taking the bank’s total business to Rs 217 crore.
She further informed members that the bank maintained zero Net NPA, reflecting its sound credit quality and prudent lending practices.
Chief Executive Officer Vinod Chaplot stated that the bank recorded healthy growth across all major financial parameters, including share capital, reserves, deposits, and working capital. The bank’s share capital stood at Rs 4.33 crore during the year.
He also explained that the newly launched Sahakar DigiLoan platform would facilitate transparent, paperless, and technology-driven loan processing, making credit delivery faster and more convenient for customers.
Developed by NUCFDC, Sahakar DigiLoan provides a fully digital lending experience across seven major loan products, including Home Loans, MSME Loans, Gold Loans, Personal Loans, Vehicle Loans, Loans Against Property, and other retail credit products. The platform aims to standardize digital lending processes across Urban Cooperative Banks while improving operational efficiency and customer experience.
During the AGM, the bank also honoured customers with outstanding banking relationships and recognized employees and officers who achieved their annual performance targets.
