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Key Points

Prime Minister Narendra Modi will virtually inaugurate the Bihar Rajya Jeevika Nidhi Saakh Sahkari Sangh Limited. He emphasized the government's commitment to creating opportunities for women in Bihar through this initiative. The cooperative aims to provide easy access to affordable loans for Jeevika community members, reducing dependence on high-interest microfinance institutions. This digital platform will support rural women entrepreneurs and accelerate the growth of community-led enterprises.

Key Points: PM Modi Inaugurates Bihar Jeevika Nidhi for Women Entrepreneurs

  • PM Modi to transfer Rs 105 crore to Jeevika Nidhi institution
  • Provides affordable loans to reduce reliance on high-interest MFIs
  • Digital platform ensures transparent fund transfers to Jeevika Didis
  • Equipping 12,000 community cadres with tablets for operations
2 min read

PM Modi to virtually inaugurate Bihar's Jeevika Nidhi Cooperative Federation

PM Modi virtually launches Bihar's Jeevika Nidhi Cooperative, transfers Rs 105 crore to empower rural women entrepreneurs with affordable loans and digital access.

"We are leaving no stone unturned to ensure that the mothers, sisters, and daughters of our Bihar do not lack any opportunities. - PM Modi"

New Delhi, September 2

Prime Minister Narendra Modi will virtually inaugurate the Bihar Rajya Jeevika Nidhi Saakh Sahkari Sangh Limited on Tuesday.

In a post shared on his official X handle, PM Modi highlighted the main objective of the Jeevika Nidhi scheme, stating that the government is making all efforts to ensure that the women of Bihar do not lack opportunities.

"We are leaving no stone unturned to ensure that the mothers, sisters, and daughters of our Bihar do not lack any opportunities. In this regard, today, around 12:30 PM, I will inaugurate a major initiative for rural women entrepreneurs through video conferencing," the Prime Minister posted on X.

During the virtual event, PM Modi will also transfer Rs 105 crore into the bank account of the institution.

According to a press release from the Prime Minister's Office (PMO), the primary objective of establishing the Jeevika Nidhi is to provide easy access to funds at affordable interest rates for community members associated with Jeevika.

All registered cluster-level federations under Jeevika will become members of the cooperative society. Both the Government of Bihar and the Central Government will contribute financially towards the operation of the institution.

Entrepreneurship has flourished among women associated with Jeevika's self-help groups over the years, leading to the establishment of numerous small enterprises and producer companies in rural areas. However, women entrepreneurs have often been compelled to rely on microfinance institutions that charge high interest rates of 18-24 per cent. The Jeevika Nidhi has been conceived as an alternative financial system to reduce dependence on MFIs and ensure the timely availability of larger loan amounts at lower interest rates.

The system will operate entirely on a digital platform, ensuring faster and more transparent fund transfers directly into the bank accounts of Jeevika Didis. To facilitate this, 12,000 community cadres are being equipped with tablets.

This initiative is expected to strengthen entrepreneurship development among rural women and accelerate the growth of community-led enterprises. Around 20 lakh women from across the state of Bihar will witness this event.

- ANI

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Reader Comments

R
Rohit P
Great step towards women empowerment. My cousin in Patna has been part of Jeevika SHG and it has transformed her life. Digital platform will make things more transparent and efficient. 👍
S
Sarah B
As someone working in rural development, I appreciate the focus on digital infrastructure. Equipping 12,000 cadres with tablets is a smart move for last-mile connectivity. Hope the implementation matches the vision.
A
Arjun K
While the initiative is good, I hope the funds actually reach the intended beneficiaries. Sometimes these schemes get stuck in bureaucracy. The digital transfer should help, but ground-level monitoring is crucial.
M
Meera T
Jeevika didis have been doing amazing work across Bihar! This financial support will help them scale their businesses. From papad making to handicrafts, our rural women entrepreneurs are truly inspiring! 💪
V
Vikram M
₹105 crore direct transfer is substantial. Hope this creates a sustainable model that other states can replicate. Women's economic participation is key to rural development.

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