India Opens First State Bank For Women
India opened the country’s first state-owned bank for women Tuesday, aimed at strengthening their financial security in a country with stark rates of gender inequality. In a country where only 26 percent of women have accounts with financial institutions, the bank is focused on lending to women and aims to employ a mostly female staff
“The sad reality is that women in India face discrimination and hardship at home, at school, at their place of work and in public places. Their social, economic and political empowerment remains a distant goal,” said Prime Minister Singh at the launch.
“The setting up of the Bharatiya Mahila Bank is a small step towards the economic empowerment of women,” he added.
(Source and Image Source: Al Jazeera America)
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