An all women savings bank in rural area of DehradunMarch 12th, 2009 - 10:20 pm ICT by ANI
By Asheesh Goyal
Dehradun, Mar 12 (ANI): Setting an inspirational example of womens empowerment in Uttarakhand, a group of rural women in a Dehradun village have set up a bank which today has a capital worth over one million rupees!
The bank has generated a major hope among household women for transforming their lives through personal savings.
The women in Dehraduns Sahaspur village joined hands two years ago to open the Mahila Bachhat Bank or, women saving bank after they failed to get loans from existing banks here.
The started the venture under Womens initiative for self employment scheme which was introduced here to ensure employment to rural women. The village women started saving and soon set up a bank for women.
Since opening a bank, women here started depositing their savings in the bank. If required they also take loans.
Today, these rural women can take loan from their own bank at 8 per cent interest rate and it is helping them to small business like pickles, bakery products, beauty parlour and spices.
Presently, the bank has 300 household women as its members and 65 women have availed bank loans. The bank today boasts of having a sum of a million rupees as its capital.
The opening of this bank has not only given the resident village women a sense of pride but also given support to many of them to explore opportunities for work by taking up small business opportunities.
“Our aim of opening this bank was to provide an opportunity to those women who wanted to earn on their own. Usually, women undergo training to start their own ventures but due to lack of funds they were unable to do so. So we thought why not start our own bank? All the members of the bank hold meetings very month and deposit money at the Mahila Bank and the money deposited in the bank is then given to needy women. So it’’s a great help to these women in the form of loans,” said Kiran Negi, Chairman, Mahila Bank, Dehradun.
Started two years ago, an increasing number of women are now coming to the bank and depositing their savings.
“We are very happy with the bank. We get three times more than what we deposit in the bank,” said Asha Pandey, an account holder women in Mahila Bank. (ANI)
- Dehradun''s Mahila Bachat Bank provides help to needy women - Mar 11, 2009
- Micro-financing empowers women in Jammu and Kashmir - Sep 09, 2012
- Development is answer to left-wing extremism: Sonia (Second Lead) - Dec 16, 2011
- Empowering lives, transforming villages - the self-help way (March 8 is International Women's Day) - Mar 07, 2012
- India's biggest women's grassroots chain connects to Africa - Jul 09, 2012
- Tripura rural market moves towards prosperity - Jun 27, 2010
- Omar gives nod to loans schemes for youth entrepreneurs - Feb 01, 2012
- Four Odisha officials held in rural job scheme fraud - Aug 10, 2012
- Consumption in rural India growing faster than urban areas: CRISIL - Aug 29, 2012
- Micro finance helping poor in rural Assam - Dec 20, 2010
- Lok Capital invests $3 million in rural BPO - Sep 15, 2011
- Over two lakh poor women workers to get stoves, lanterns - Nov 19, 2011
- SBI-AISECT introduce mobile banking services - Oct 20, 2010
- For every 40 rural households, a welfare scheme volunteer - May 23, 2011
- Syndicate Bank opens 108 branches in a day - Mar 31, 2012
Tags: bakery products, bank loans, beauty parlour, dehradun, deposit money, employment scheme, empowerment, goyal, mahila, needy women, personal savings, pickles, rupees, rural area, rural women, self employment, small business opportunities, spices, those women, village women