Bihar Rajya Jeevika Nidhi Saakh Sahkari Sangh Launched by PM Modi
Why in the news
Prime Minister Narendra Modi launched a new credit cooperative for women’s self-help groups in Bihar on 2 September, giving it Rs 105 crore at the outset.
Key facts
- The body is named Bihar Rajya Jeevika Nidhi Saakh Sahkari Sangh Limited.
- Launch was by video conferencing on 2 September 2025, and Rs 105 crore was credited to its account.
- It aims to serve about 20 lakh women who belong to registered cluster-level federations linked to Jeevika self-help groups.
- Women entrepreneurs have so far paid 18% to 24% interest on microfinance loans, which the new cooperative seeks to reduce.
- Fund transfers go straight to the bank accounts of ‘Jeevika Didis’ through a fully digital platform.
About the new cooperative
Its objectives are to give women entrepreneurs timely and affordable financial support, cut dependence on costly microfinance loans and encourage community-led enterprises. Monitoring and operations are supported by 12,000 community cadres who carry tablets.
Exam angle
- Link the name to Jeevika self-help groups and women’s credit; scheme-type questions often test target beneficiaries.
- Remember the numbers: Rs 105 crore, 20 lakh women and 12,000 cadres.
- For banking and NABARD papers, note the contrast with the 18-24% rates of microfinance lenders.