India’s first all women-run cooperative bank coming up in Rajasthan

India’s first all women-run cooperative bank coming up in Rajasthan

• The first all-women-run financial institution in the cooperative sector is coming soon in Rajasthan following a memorandum of understanding (MoU) has signed with the Telangana government’s StreeNidhi Credit Cooperative Federation. The new body will promote women’s empowerment by supporting their enterprises.
• MahilaNidhi will strengthen the women’s self-help groups in the State by extending timely loan facilities for their enterprises. The institution will be operated entirely by women and will act as a complementary body to the formal banking system. It is also expected to bring down the number of loan applications pending in the banks.

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Published date : 29 Jul 2022 05:37PM