Rashtriya Mahila Kosh lost relevance, is being closed: Govt

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. 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.”

(Except for the headline, this story has not been edited by The Federal staff and is auto-published from a syndicated feed.)