Bharatiya Mahila Bank-Blue print, Purpose, initial capital - General Economics
Q. Which of the following statements related to Bharatiya Mahila Bank are true?
1. M.B.N. Rao panel praepared a blue print for Bharatiya Mahila Bank
2. The bank is operating exclusively for women
3. The Bank has been allocated with an initial capital of Rs. 1000 Crores.
4. Nirbhaya Fund was administered by Bharatiya Mahila Bank- Published on 11 Jul 15a. 1,3
b. 1,2,3
c. 1,3,4
d. All
ANSWER: 1,3
Although initially reported as a bank exclusively for women, the bank allows deposits to flow from everyone, but lending will be predominantly for women.
Nirbhaya Fund was announced by the Finance Minister in his 2013 budget speech, with Government contribution of Rs. 1000 Crores for empowerment, safety and security of women and girl children. The Fund is administered by Department of Economic Affairs of the finance ministry.
