The Mahila Vikas Samabaya Nigam, the Women's Development Corporation, was established as the Nodal Agency for implementing Schemes and Programmes for the welfare, development and empowerment of women. The Nigam provides funds for training of poor and needy women in traditional occupations for upgrading their skills as well as in new areas for enhancing their productivity and broadening their opportunities for self-employment and income-generation
The Mahila Vikas Samabaya Nigam is functioning as the State Channelising Agency for loans provided to persons with disabilities under the loan assistance scheme of the National Handicapped Finance and Development Corporation (NHFDC). Since inception of the scheme, upto March,2006 loans have been sanctioned in 1960 cases amounting to Rs.9.36 crores by the NHFDC.
MVSN is also the Nodal Agency for implementation of certain schemes under Mission Shakti, for implementation of the Govt. of India schemes with assistance from the Norwegian Government (NORAD) and under the Rashtriya Mahila Kosh (RMK).