CURRENT AFFAIRS

Detailed explanation-1: -Muskan Anand. Option B) Rajasthan. Rajasthan signed a memorandum of understanding (MoU) with the Telangana government’s Stree Nidhi Credit Cooperative Federation.

Detailed explanation-2: -The first all women-run financial institution in the cooperative sector is coming up in Rajasthan following a memorandum of understanding (MoU) signed with the Telangana government’s Stree Nidhi Credit Cooperative Federation. The new body will promote women’s empowerment by supporting their enterprises.

Detailed explanation-3: -Government of Rajasthan recently signed a MoU with Stree Nidhi Credit Cooperative Federation of Telangana government to set up first ever all women-run cooperative bank called “Rajasthan Mahila Nidhi”.

Detailed explanation-4: -India’s first women’s bank, Bharatiya Mahila Bank was inaugurated in Mumbai by Prime Minister Dr. Manmohan Singh on the birth anniversary of Shrimati Indira Gandhi. One of the key objectives of the bank is to focus on the banking needs of women and promote economic empowerment.

Detailed explanation-5: -The Finance Minister had announced in Budget 2013-14, the establishment of an all-women bank with an initial capital of Rs 1,000 crore. India’s first women’s bank, Bharatiya Mahila Bank, was inaugurated in Mumbai on Smt Indira Gandhi’s birthday by the former Prime Minister Dr Manmohan Singh.