The Bharatiya Mahila Bank, the first women bank in the country and a wholly-owned Government institution, made its foray in the State with the opening of its 18th branch here at Sahid Nagar on Wednesday.
The facility was inaugurated by Odia poet Dr Pratibha Satpathy in the presence of bank Chairman Usha Ananthasubramanian and Odishi danseuse Padmashree Priyambada Mohanty Hejmadi. Ananthasubramanian said the bank offers entire banking and financial services and caters to the needs of every segment of women to ensure their inclusive and sustainable growth.
Apart from regular loans, the bank has designed educational loan, beauty parlour loan, loan to establish catering units for the benefits of women. The bank has also tied up with the New India Assurance Co for providing general insurance products. It also offers total collateral free loans up to Rs 1 crore by covering it under the CGTMSE.
Besides, the bank would also conduct programmes on financial literacy, skill development and training for women of all segments to help them generating more income, more jobs and growth opportunities and contribute significantly for the economic growth of the nation.