- PM Modi launches Jeevika Nidhi Scheme to help rural women entrepreneurs in Bihar with affordable loans.
- Scheme offers low-interest loans through Jeevika Nidhi Sakh Sahkari Sangh Ltd., a cooperative credit organisation.
- Fully digital platform makes loan access easy, clear, and fast, supported by Central and Bihar governments.
Jeevika Nidhi Scheme is a new scheme started to help rural women entrepreneurs in Bihar by providing affordable loans. This scheme, launched by Prime Minister Narendra Modi, focuses on boosting women entrepreneurship and financial independence in the state. Keywords related to this scheme include affordable loans, women entrepreneurs, Self Help Groups, and digital loan platform.
The Jeevika Nidhi Scheme is made to support rural women in Bihar by offering them affordable financial help to start or grow their small businesses. The main goal is to help women become financially independent and promote entrepreneurship in villages.
Affordable Loans through Cooperative Credit Organization
Jeevika Nidhi Sakh Sahkari Sangh Ltd. is the cooperative credit organization behind this scheme. It provides low-interest loans to women who are members of Self Help Groups (SHGs) in rural areas. These women, often called “Jeevika Didis,” can now get loans at much lower interest rates compared to traditional microfinance institutions, which usually charge between 18% to 24% interest. The scheme offers larger loans with clear terms, making it easier for women entrepreneurs to grow their businesses.
Benefits of the Fully Digital Platform
One of the best features of the Jeevika Nidhi Scheme is its fully digital platform. This means women entrepreneurs don’t need to visit offices or deal with paperwork. All transactions are done through mobile phones, and the loan amount is directly credited to the women’s bank accounts. This digital method makes the process fast, clear, and secure, reducing delays and cutting out middlemen.
Joint Support from Central and State Governments
The scheme is funded together by the Central Government and the Bihar State Government, making sure it is financially stable and can last long. This partnership shows a strong commitment to women’s empowerment and rural development. During the launch event, Bihar Chief Minister Nitish Kumar also showed his support, calling the scheme a big step for women in the state.
Impact on Women’s Financial Independence and Entrepreneurship
Jeevika Nidhi Scheme is expected to greatly increase financial independence among rural women in Bihar. By providing affordable credit, it helps women start new businesses or grow existing ones, creating more jobs and improving household incomes. This scheme is a major step towards promoting women entrepreneurship in rural areas.
Role of Jeevika Didis and Self Help Groups (SHGs)
Women leaders known as Jeevika Didis and Self Help Groups play a key role in the success of this scheme. They act as the grassroots drivers, encouraging more women to join and benefit from the scheme. Their involvement makes sure the benefits reach the right people and helps build a strong community of women entrepreneurs.
| Feature | Details |
|---|---|
| Scheme Name | Jeevika Nidhi Scheme |
| Target Group | Rural Women Entrepreneurs in Bihar |
| Loan Provider | Jeevika Nidhi Sakh Sahkari Sangh Ltd. |
| Interest Rate | Lower than 18-24% charged by MFIs |
| Platform | Fully Digital Mobile-Based Transactions |
| Funding | Jointly by Central and Bihar State Governments |
| Official Website | https://brlps.in |
If you are a rural woman entrepreneur in Bihar, the Jeevika Nidhi Scheme offers a great chance to get affordable loans easily and safely. Keep an eye on official announcements and connect with your local Self Help Group to know how you can benefit from this helpful scheme.