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Developmental Financial Institution (DFI) for Women SHGs

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....evelopmental Financial Institution (DFI) for Women SHGs <br>News and Press Release<br>Dated:- 3-5-2013<br><BR>The Finance Minister in his Union Budget Speech for the year 2013-14 on February 28, 2013 ....

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....announced the proposal to set up India's first Women's Bank as public sector bank with an initial outlay of Rs. 1,000 crore which can lend mostly to women and women-run businesses, that supports women....

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.... Self Help Groups (SHGs) and women's livelihood, that employs predominantly women, and that addresses gender related aspects of empowerment and financial inclusion. Government has constituted a Commi....

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....ttee comprising of eminent bankers to, inter-alia, examine and firm-up the Blue-print of the Bank, including broad policy framework; business model; expansion plan; business strategy etc, of the Bank ....

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....including the measures to outreach the targeted population of the Bank. The Committee has submitted its report to the Government on 30.04.2013. The Committee has, inter-alia, recommended that women SH....

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....Gs may be supported by the Women's Bank to reach out to a wider group of women. To achieve this, the Women's Bank should provide special credit facilities and training to SHGs and also seek help from ....

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....SHGs to promote banking. This was stated by Minister of State for Finance, Shri Namo Narain Meena, in written reply to a question in the Lok Sabha today. DSM/RS/ka (Release ID :95544)<BR> News - Pr....

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....ess release - PIB....