Mahila Nidhi Yojana- Good news for womens. Rajasthan Mahila Nidhi Yojana was launched on 10 August 2022. The scheme operates under Mahila Nidhi Credit Cooperative Federation Limited and provides loan facility to self-help groups (SHGs) through Rajeevika. Its main objective is to empower women economically and provide them the necessary financial assistance to grow their business. This scheme is an important step towards making women self-reliant.
The most significant feature of this scheme is its simple and fast loan process. Women no longer have to go through complex procedures to obtain loans. A dedicated mobile app is available, allowing women to apply for loans from the comfort of their homes and track their repayment status. Loans up to Rs 40,000 are disbursed within 48 hours, and loans over Rs 40,000 are disbursed within 15 days, providing immediate financial assistance.
This scheme encourages women to start or expand their businesses in various sectors. Under this scheme, women can invest in agriculture, dairy, trade, service sectors, and other small enterprises. Additionally, Self-Help Group (SHG) members are also provided interest subsidies on certain loans, making it easier for them to repay the loans.
Women’s Empowerment and Social Impact
The Mahila Nidhi Yojana has provided self-employment opportunities to women in several districts of Rajasthan. This has not only strengthened their economic status but also helped empower women socially. This scheme empowers them with decision-making power and increases their respect in society.
This scheme is fully administered by the Government of Rajasthan. It is considered an important milestone in the state’s cooperative movement as it reaches women in both rural and urban areas. Through this scheme, the government is committed to providing women with equal opportunities in society.