Karnataka Vikas Grameen Banks (KVGB) – Bank Sakhi Scheme for Women

The Karnataka Vikas Grameen Banks (KVGB) has come up with ‘Bank Sakhi‘ innovative scheme for employing women in villages to promote and improve the cashless transactions in rural areas.

The Bank Chairman S. Ravindran said in a release that the bank would appoint women business correspondents called “Bank Sakhi” in select villages where this scheme would be implemented. He said that in order to start this, the bank had hired 11 “Bank Sakhi” and had plans to appoint a minimum of 50 such women in different districts.
This scheme would make sure the greater participation in financial inclusion by engaging women in villages. Someone who has been a member of a self-help group involved in conducting banking and book-keeping activities of the group is known as a ‘Bank Sakhi’.
The ‘Bank Sakhi’ will provide a range of financial services on behalf of the bank to her community. The local self-groups which provide capacity enhancement, training and financial awareness in the community, will support her. Bank Sakhi is paid a commission by the bank for different services, which covers her costs and provides her with an income.
This scheme was launched by the Bank at a program held at Adavi Somapura village in Gadag district recently.
News Source: http://www.thehindu.com/news/national/karnataka/KVGB-launches-%E2%80%98Bank-Sakhi%E2%80%99-scheme/article16942982.ece

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