Indian Bank to launch exclusive facility for women

With increasing willingness among the members of Self Help Groups to operate their savings accounts, Indian Bank is set to launch its special 'Micro State Branch' here exclusively for women customers to avail easy banking services.     

Indian Bank is set to launch its special 'Micro State Branch' here exclusively for women Self Help Group members and other women customers to avail easy banking services.     

The lead bank in the district would launch the facility in the third week of this month, Assistant General Manager and Head of the Dharmapuri Circle G Muthappan told reporters yesterday.     

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.     

With this facility, women could have general banking, jewel loan and other services under one roof.