PM Modi Launches Bihar Jeevika Cooperative Credit Union

Current Context: On September 2, 2025, PM Narendra Modi launched the Bihar Rajya Jeevika Nidhi Saakh Sahkari Sangh Limited via video conferencing.

• He transferred ₹105 crore in seed funding to support 290 lakh Jeevika Didis with low-interest loans under Bihar’s SHG network.
• The cooperative aims to reduce dependence on MFIs charging 18–24% interest, promoting financial self-reliance.
• It operates on a fully digital platform, ensuring direct benefit transfers and transparency.
• Over 12,000 trained cadres equipped with tablets will assist SHGs in loan access and enterprise development.

The initiative aligns with Atmanirbhar Bharat and complements schemes like Lakhpati Didi and Drone Didi.

Question:

Q.1 On September 2, 2025, who launched the Bihar Rajya Jeevika Nidhi Saakh Sahkari Sangh Limited?
a) Nitish Kumar
b) Nirmala Sitharaman
c) Narendra Modi
d) Amit Shah

Answer: c) PM Narendra Modi launched the Bihar Rajya Jeevika Nidhi Saakh Sahkari Sangh Limited via video conferencing to strengthen SHG financing in Bihar.