Categories: State News

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 Stree Nidhi Credit Cooperative Federation. The new body will promote women’s empowerment by supporting their enterprises.

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The Rajasthan Mahila Nidhi will be set up on the lines of the Stree Nidhi of Telangana. The MoU was signed between Rajasthan Grameen Ajeevika Vikas Parishad’s (Rajeevika) Mission Director Manju Rajpal and Stree Nidhi Managing Director G. Vidya Sagar Reddy in the presence of Rural Development Minister Ramesh Chand Meena.

About the Mahila Nidhi:

Mahila Nidhi 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.

Important takeaways for all competitive exams:

Rajasthan Governor: Kalraj Mishra;
Rajasthan Capital: Jaipur;
Rajasthan Chief Minister: Ashok Gehlot.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.