Hindu reports the first all women managed financial institution in the cooperative sector will be in Rajasthan, a memorandum of understanding (MoU) has been signed with the Telangana government’s Stree Nidhi Credit Cooperative Federation.
The organization will work for empowerment of women by supporting their business activities. The Rajasthan Mahila Nidhi will be established on the lines of the Stree Nidhi of Telangana.
It bears recalling that Rajasthan Chief Minister Ashok Gehlot had announced the setting up of a bank run exclusively by women in his 2022-23 budget speech in the State Assembly this year.