<h1>Government Implements Revival Package for Struggling Cooperative Banks, Infuses Over Rs. 11,620 Crore to Support Financial Stability.</h1> As of March 31, 2016, 7 out of 33 State Cooperative Banks and 111 out of 371 District Central Cooperative Banks in India reported accumulated losses. Additionally, 72 out of 1574 Urban Cooperative Banks incurred losses. To address this, the government implemented a revival package based on Vaidyanathan Committee recommendations, which included legal reforms and financial assistance, releasing Rs. 9,245 crore by 2011. In 2014, a scheme was announced to revive 23 unlicensed District Central Cooperative Banks in four states, requiring a total capital infusion of Rs. 2,375.42 crore, with contributions from the Central Government, State Governments, and NABARD.