Announcement of new banks only for women


The country’s Finance Minister   Sri.  P. Chidambaram  had announced  a  plan for starting new banks solely  for  women in a meeting  with a initial   capital of Rs 1000 crore. According to him, there will be "no problem in getting a license" for the all-women bank as it will be 100 per cent owned by the government of India. India’s all women bank will start its   operation from  November   onwards with six branches initially  across the  country  ie east, west, north, south, centre  and north east zones.
 When asked  whether the idea of a women's bank had been suggested by Congress president Sonia Gandhi, Chidambaram said, "It is part of the Jaipur Declaration that we should consider setting up a bank for women. It is completely consistent with my own instincts and leanings. Therefore, I accepted the idea and announced a national bank for women." He also said that he is going  to assemble  the best brains  from the industry  to   chalk out the blue print of the banks . When asked whether there  are  exclusive  schemes  offered to women ,he said that he will announce  it to the public  once  the blueprint is finalised and hopefully we may clear this at the end of March 2013.

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Directorate of Social Welfare.
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