Prime Minister Narendra Modi will launch Bihar Rajya Jeevika Nidhi Saakh Sahkari Sangh Limited through video conferencing today. This initiative is expected to strengthen entrepreneurship development among rural women and accelerate the growth of community-led enterprises. On the occasion, the Prime Minister will also transfer 105 crore rupees into the institution’s bank account.
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 thousand community cadres are being equipped with tablets. Around 20 lakh women from across the state of Bihar will witness this event.
The objective of establishing the Jeevika Nidhi is to provide easy access to funds at affordable interest rates to community members associated with Jeevika. All registered cluster-level federations of Jeevika will become members of the Society. For the operation of this institution, the Bihar Government as well as the Central government will contribute funds. The Jeevika Nidhi has been conceived as an alternative financial system to reduce dependence on Microfinance Institutions and ensure the timely availability of larger loan amounts at lower interest rates.
