All eligible cooperative banks as defined in the Section 2 (gg) of the Deposit Insurance and Credit Guarantee Corporation Act, 1961 (DICGC Act) are covered under the Deposit Insurance Scheme. At present, all cooperative banks in all States and Union Territories are covered under the scheme. Union Territories of Lakshadweep and Dadra and Nagar Haveli do not have any Cooperative Bank. Cooperative Societies, not being banks, are not covered under deposit insurance.

Under Section 16 (1) of the DICGC Act, the current insurance cover available per depositor per bank in the same right and capacity is ₹ 1 lakh.

The details of insurance premium collected and payments by the Deposit Insurance and Credit Guarantee Corporation towards claim settlement, in respect of Co-operative Banks, during the last three years are as under:

Receipt of Premium and Settlement of Claims - Cooperative Banks (amount in Rs. millions)
Year	Receipt of Premium	Claims Settled
2014-15 (Arpil-December)	4,006	2,692
2013-14	5,103	1,031
2012-13	4,163	1,998
2011-12	3,807	2,873

At present, there is no proposal to increase the existing deposit insurance cover of ₹ 1 lakh.

This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Lok Sabha today.

Deposit insurance for cooperative bank depositors remains capped at the statutory limit and no increase is proposed. Deposit insurance under the DICGC Act covers eligible cooperative banks while excluding non-bank cooperative societies; the statutory insurance cover per depositor per bank remains at the existing limit under Section 16(1), and there is at present no proposal to increase that limit. The Corporation continues to collect premiums from covered cooperative banks and to settle depositor claims as reflected in recent premium receipt and claim-settlement figures.