A) The main aims and objectives of RMK is to promote a undertake activition for the promotions of or to provide credit as an instrument of socio-economic change and development through financial services for the development of women
B) Rashtriya Mahila Kosh (RMK) is focussed on providing credit for agricultural activities only to poor women and their empowerment
C) RMKs works as a micro-credit agency
D) None of the above
Correct Answer: A
Solution :
[a] Rashtriya Mahila Kosh was established in 1993 as a society with an initial corpus of Rs.31 crore, which has been raised to Rs.100 crore by additions to the corpus made between 2006-07 to 2011-12. It extends micro-credit to poor and underprivileged women through a collateral free, quasi-formal delivery mechanism where NGO, women cooperatives, federations etc act as intermediaries. In the latest union budget, it was proposed to restructure the scheme by converting it into a Non-Banking Financial Company (NBFC) from 2012-13. So, option [a] is correct and other options are incorrect.
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