Indian Bank to launch exclusive facility for women

Font Size

Print

Feedback

Email

Discuss

Related Articles

SBI to consider rate cut after RBI's decisionPeriod of painful adjustment inevitable: RBIRBI to lower rates soon: Govt officialRBI to lower rates soon: Govt official

Dharmapuri, August 8: : Indian Bank is set to launch its special 'Micro State Branch' here exclusively for women Self Help Group (SHG) members and other women customers to avail easy banking services.

The bank, the lead bank in the district, would launch the facility in the third week of this month as the willingness to operate savings accounts with Indian Bank in rural areas, especially among women, was now on the rise, Assistant General Manager and head of the Dharmapuri Circle G Muthappan said on Thursday.

Next to metros, Dharmapuri launch would be the first in rural area for the bank. Already a micro credit kendra is functioning in Hanumanthapuram village in Palacode taluk.

Besides SHGs, general banking also would be carried out in the Micro State Branch. The banking service would be given exclusively for women in Dharmapuri, he said.

As the district administration was keen on enhancing the revolving funds for SHGs, the new branch would support the members of SHGs to promote their economic status through banking, he said adding that it would help avoid delay in processing SHGs' business.

Muthappan also said more than 6,500 women SHGs were functioning in the district, for which Rs 90 crore had been given as loan for economic development.