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Bihar Chief Minister Nitish Kumar on Monday transferred Rs 10,000 each to the bank accounts of 25 lakh women under the 'Mukhyamantri Mahila Rojgar Yojana', which aims to promote women's empowerment through self-employment and livelihood opportunities. Kumar disbursed a total amount of Rs 2,500 crore through direct benefit transfer (DBT) at a function held here at his official residence, 1 Anne Marg, officials in the CMO said. Prime Minister Narendra Modi had launched Bihar's 'Mukhyamantri Mahila Rojgar Yojana' in September, 2025. Around 1.81 crore women have so far received Rs 10,000 each, and those who have utilised the sum for setting up a business will soon get another Rs 2 lakh, the officials said. The chief minister had recently announced that the Bihar government initiated the process of providing additional financial assistance of up to Rs 2 lakh to select beneficiaries under the scheme.
MSME-focused fintech Progcap on Tuesday said it has launched a programme to offer collateral-free loans of up to Rs 10 lakh to women-led small and medium enterprises in the next three years. The fintech, which is backed by Peak XV (previously Sequoia Capital India), Google and Tiger Capital, among others, seeks to empower 10,000 women-led MSMEs in semi-urban and rural India by FY27, Progcap said in a statement. "Progcap has introduced ProgShakti Development Program, wherein women entrepreneurs can access loans of up to Rs 10 lakh and get certified through capacity-building knowledge sessions helping them grow their businesses," it said. Aligned with the government's 'Viksit Bharat' vision for 2047 and the goal of increasing women's workforce participation to 70 per cent, Progcap's initiative offers customised credit to women-led enterprises and eliminates the need for a male co-applicant while assessing the creditworthiness, Progcap said. Founded by Pallavi Shrivastava and Himanshu