BMB launches 'gold branch' in Mysuru

The ‘gold branch’ of the 15-month-old Bharatiya Mahila Bank was inaugurated on Narayana Sastry Road, in the city, on Monday.

After inaugurating the branch, S R Savithri, Director of All India Institute of Speech and Hearing, said, women are still suffering due to lack of education and financial hardships, despite some women reaching to the skies.

She said, women-centred banks can be a boon to such women as they can understand their problems better. Chairperson and Managing Director of the bank Usha Ananthasubramanian said, empowering women is empowering India, and hence the bank has various products to encourage income generating activities among women. She said, both economic empowerment and educational empowerment were vital for the progress of women, but both were interlinked and interdependent.

“We wish to help every woman realise her dream. We have products to cater to the needs of every woman.”  The bank, which was established by the Union government to empower women 15 months ago, has achieved a milestone by opening the gold branch — the 50th branch — in Mysuru, she said.

At present, there are two more branches in Karnataka, in Bengaluru and Mangaluru. “Besides the existing internet banking, mobile banking will be launched next month. As most of the immovable properties are registered in the names of men, loans are advanced to women without pressing for a collateral. From those who want to start making pickles at home to those who want to set up bigger businesses, we extend financial support to all,” she said.

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