<p>To make all-women’s bank a reality by October this year, the Union Finance Ministry has approached the Reserve Bank for clearance to set up the country’s first such bank.<br /><br /></p>.<p>“The committee set up to prepare the blueprint for all-women’s bank has submitted its report to the Finance Minister. We have sought in-principle approval from RBI for all women bank,” Financial Services Secretary Rajiv Takru said. <br /><br />The first all-women’s bank wholly-owned by government is expected to start operations from November 2013 through six branches spread across the length and breadth of the country. Finance Minister P Chidambaram had said the bank will be inaugurated in November.<br /><br />“Initially we should start with at least one branch in each major region of this country, South, West, East, Centre, North and the North-east. So that will mean immediately we should start with six branches,” he had said.<br /><br />The bank would start with an initial capital of Rs 1,000 crore and lend mostly to women and women-run businesses, provide support to women (SHGs) and their livelihood.</p>
<p>To make all-women’s bank a reality by October this year, the Union Finance Ministry has approached the Reserve Bank for clearance to set up the country’s first such bank.<br /><br /></p>.<p>“The committee set up to prepare the blueprint for all-women’s bank has submitted its report to the Finance Minister. We have sought in-principle approval from RBI for all women bank,” Financial Services Secretary Rajiv Takru said. <br /><br />The first all-women’s bank wholly-owned by government is expected to start operations from November 2013 through six branches spread across the length and breadth of the country. Finance Minister P Chidambaram had said the bank will be inaugurated in November.<br /><br />“Initially we should start with at least one branch in each major region of this country, South, West, East, Centre, North and the North-east. So that will mean immediately we should start with six branches,” he had said.<br /><br />The bank would start with an initial capital of Rs 1,000 crore and lend mostly to women and women-run businesses, provide support to women (SHGs) and their livelihood.</p>