Rashtriya Mahila Kosh (RMK) to cover 10 lakh women over the next 3 years
The Union Women and Child Development Ministry has set a new target to cover at least 10 lakh women under Rashtriya Mahila Kosh (RMK) over the next three years. The new target was announced by Women and Child Development Minister Maneka Gandhi at the 52nd Governing Board meeting of RMK which has been recently reconstituted to make it more effective.
About Rashtriya Mahila Kosh (RMK)
RMK is a national credit fund for women under the aegis of the Ministry of Women and Child Development. It was established in 1993 for socio-economic empowerment of women. It aims to provide financial services with backward and forward linkages for women in the unorganized sector through Intermediary Micro Finance Organizations (IMOs) and Women Self Help Groups (SHGs) and to augment their capacities through multi-pronged efforts. RMK also extends micro-credit to the women in the informal sector through a client friendly, without collateral and in a hassle-free manner for income generation activities.