The Ministry of Cooperation released data on the financial health of cooperative societies in Mumbai as of July 15, 2026. According to the National Cooperative Database, there are 41,501 cooperative societies in Mumbai, including housing, consumer, credit, and labor cooperatives. Of these, 40,853 are functional societies, with 19,911 being profit-making and 14,877 loss-making, while financial information is unavailable for 6,065 societies.
The government has undertaken several initiatives to strengthen the cooperative sector since the ministry's inception on July 6, 2021. A key project is the computerization of 79,630 Primary Agricultural Credit Societies (PACS) with a revised financial outlay of ₹2,925.39 crore, expanded from the initial approval of 63,000 PACS with ₹2,516 crore. This project aims to bring all functional PACS onto a common ERP-based national software platform to promote digitalization, transparency, and efficient service delivery.
The National Cooperative Development Corporation (NCDC) has provided significant financial assistance for cooperative development, with cumulative disbursements of ₹5,74,090.48 crore as of June 30, 2026, including ₹3,96,763 crore during the last five years. This funding supports infrastructure development, business diversification, value chain development, and capacity building of cooperative institutions across India, including Maharashtra.
Other initiatives include Model Bye-laws enabling PACS to undertake more than 25 business activities, capacity building and training programs for PACS officials, strengthening of the three-tier cooperative credit structure (PACS, District Central Cooperative Banks, and State Cooperative Banks), implementation of the world's largest decentralized grain storage plan in the cooperative sector, development of the National Cooperative Database for evidence-based policymaking, and establishment of Tribhuvan Sahkari University for cooperative education and research.