Chief Minister Ashok Gehlot has approved an additional budget provision of Rs 25 crore for the establishment of ‘Rajasthan Mahila Nidhi’ for the financial management of self-help groups in the state.
Gehlot launched ‘Mahila Nidhi’ on Women‘s Equality Day on August 26, 2022, for social and economic progress. Through this fund, the women in the self-help group will be able to easily access loans for their daily needs and for their self-employment and income-generating activities.
‘Rajasthan Mahila Nidhi’ was formed through the Rajasthan Rural Livelihood Development Council (Rajeevika). In the 2022-23 budget, Gehlot had announced to help Rs 50 crore for the establishment of the fund over the next two years. This financial sanction was given pursuant to the said declaration.
Under this program, loans up to Rs 40,000 will be deposited in the bank account of group members within 48 hours of its request and loans above Rs 40,000 within 15 days.
At present, 2.70 lakh self-help groups have been formed in 33 districts of the state, in which 30 lakh families are connected. In the financial year 2022-23, it is proposed to form 50,000 self-help groups, in which about 6 lakh families will be connected. A total of 36 lakh families in the state will receive benefits from Rajasthan Mahila Nidhi in a phased manner based on their needs.
(With PTI inputs)