Gujarat Cabinet Approves 9 New District Cooperative Banks; Boosts Rural Economy

• Gujarat Cabinet approved in-principle the creation of nine new District Central Cooperative Banks (DCCBs).
• The new DCCBs will be carved out from existing district banks to serve nine newly formed districts in Gujarat.
• Specific divisions include Panchmahal for Dahod, Surat for Tapi, and Valsad for Dang and Navsari, among others.
• Decision aligns with PM Narendra Modi's vision to expand rural cooperative banks, supported by Amitbhai Shah's Ministry of Cooperation.
• These banks aim to enhance credit access for farmers in remote areas and strengthen the state's rural economy.

Why It Matters: New DCCBs will boost rural credit access and strengthen Gujarat's agricultural economy.