- 3,000 women from Nagpur raised ₹30 lakh to fund small businesses and provide emergency financial aid.
- The initiative is supported by the women and child development department.
- Maharashtra's Mahila Arthik Vikas Mahamandal (MAVIM) is providing assistance to ensure economic stability.
In a major step towards financial independence, 3,000 women from the city of Nagpur have collectively raised ₹30 lakh to support small businesses and offer emergency financial aid. Backed by the women and child development department, this initiative is designed to empower women entrepreneurs, with Maharashtra's Mahila Arthik Vikas Mahamandal (MAVIM) providing vital support to ensure long-term economic stability.
"Through the Mukhyamantri Majhi Ladki Bahin Yojana, these women have come together to form the Nagpur Mahila Sanman Credit Co-Operative Society, each contributing ₹1,000 over the past two months. This initiative will enable them to start their own businesses and also provide seed capital to others in need. The government is fully committed to supporting this effort," said Dr. Anupkumar Yadav, Secretary of the Women and Child Development Department.
Anupkumar highlighted the essential role women play in household budgeting, managing expenses like groceries, school fees, and healthcare. A significant number of beneficiaries are from rural areas, where the initiative is expected to boost local businesses.
Maharashtra has over 7.5 lakh active self-help groups (SHGs), with 1.5 lakh under MAVIM and 6 lakh under MSRLM. These SHGs support entrepreneurship and microfinance, strengthening rural economies and reducing migration to cities.
The scheme benefits women from rural, tribal communities, and urban slums, promoting financial security and economic progress. Some ineligible beneficiaries voluntarily returned financial aid, setting an example of transparency. The government introduced a streamlined process for opting out, ensuring funds reach deserving candidates.
The cooperative society provides loans for business ventures and personal needs while generating sustainable income through interest. The initiative's self-sustained approach ensures long-term financial independence. The women and child development department is considering expanding the model across Maharashtra to benefit more women through collective action and entrepreneurship.
