Mahila Nidhi

  • Recently, Rajasthan Chief Minister has approved a proposal for giving 8% interest subsidy on loans obtained by the members of women’s self-help groups (SHGs) from Mahila Nidhi.
  • Mahila Nidhi was established in Jaipur in 2022.
  • It is operated entirely by women and acts as a complementary body with the formal banking system.
  • It has been set up on the pattern of Telangana’s Stree Nidhi Credit Cooperative Federation.
  • It disburses loans up to ₹40,000 within 48 hours and releases the credit of a higher amount within a period of 15 ....
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