India News | Rashtriya Mahila Kosh Lost Relevance, is Being Closed: Govt
Get latest articles and stories on India at LatestLY. The government Thursday said it has decided to close down the credit facilitating agency Rashtriya Mahila Kosh as it has lost relevance with alternative credit facilities becoming available to women through various government initiatives.
New Delhi, Aug 5 (PTI) The government Thursday said it has decided to close down the credit facilitating agency Rashtriya Mahila Kosh as it has lost relevance with alternative credit facilities becoming available to women through various government initiatives.
Established in 1993, the Rashtriya Mahila Kosh (RMK) is a national level organisation aimed at facilitating socioeconomic empowerment of women.
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In a written response to a question, Women and Child Development Minister Smriti Irani told Rajya Sabha, "The decision to close down RMK has been taken as it has lost its relevance and utility in the present scenario with substantial alternative credit facilities becoming available to women through various governmental initiatives and efforts such as Jan Dhan Yojana, PM Mudra Yojana etc and also to avoid duplicacy of efforts."
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)