Elaborate the main loan schemes available in Rashtriya Mahila Kosh (RMK)
The Rashtriya Mahila Kosh (RMK), established in 1993, plays a pivotal role in promoting the socio-economic empowerment of women, particularly in rural areas, by providing financial support to women entrepreneurs, self-help groups, and micro-enterprises. The RMK operates under the Ministry of Women and Child Development, Government of India, and aims to alleviate poverty and enhance the economic standing of women, especially those from marginalized and underprivileged backgrounds.
RMK offers various loan schemes designed to support women in their entrepreneurial ventures, skill development, and poverty alleviation efforts. These loan schemes are crucial in promoting women’s economic independence and enabling them to contribute to their families' welfare. The following are some of the main loan schemes available under the Rashtriya Mahila Kosh:
### 1. Micro-Credit Scheme
The Micro-Credit Scheme is one of the most popular and widely used loan schemes under RMK. It provides financial assistance to low-income women from rural and urban areas who are involved in small-scale income-generating activities such as agriculture, handicrafts, dairy farming, and tailoring. The primary objective of this scheme is to facilitate access to credit for women who do not have the necessary collateral or credit history to secure loans from commercial banks.
Under this scheme, women can avail loans in the range of Rs. 10,000 to Rs. 1 lakh, depending on the nature of the activity and their requirements. The loan is offered at a reasonable interest rate, making it accessible to women from economically disadvantaged sections of society. The repayment terms are also flexible, and the loan can be repaid in installments over a period of up to 36 months. The Micro-Credit Scheme aims to empower women by providing them ___ ____ _______ _____ ______ _______ _________ __________.
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