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Five financial institutions helping in women empowerment in India

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By Shivya Malhotra

New Delhi: Cooperative financial institutions in India have contributed immensely not only in empowering women but also encouraging them to march towards the realm of development. Not only did they usher a paradigm change in the society but also improved women’s social and economic condition in all spheres of life.

Being autonomous in nature, the cooperatives focus on the welfare of the members associated with it thereby making lives better without being under the control of a single person.

Here are five women-centric cooperatives which played a pivotal role in changing futures of many Indian women.

Kodachadri Women Souharda Cooperative Credit Society

This first all-women society of its kind came into existence in Tirthahalli Taluk under the Karnataka Souharda Sahakari Act. The society provides loans to help women entrepreneurs who are interested in setting up various ventures including handicraft, packaging, dairy farming, and handlooms earn a livelihood.  Over 2,500 women have benefited from the society.

Lauding the initiative of the society, President of the Karnataka Cooperative Apex Bank, R M Manjunatha Gowda said, “the society is looking further to provide skill-based and vocational training for rural women.”

The society has encouraged many women to be self-sufficient and contribute to the growth of the Indian economy.

Subhalaxmi Bahumukhee Mahila Samabaya Samiti Ltd.

The tenacity of 10 women transformed the lives of over 2,500 women in Jharsugda district by organizing them in Self Help Groups (SHG). Starting with nine villages, the group reached out to 51 villages to empower women. The body provides loans, helps in business plans, and carries out other activities to assist rural women in self-sustainability.

Shri Mahila Sewa Sahakari Bank Ltd.

This Micro-finance institution, established in  1974 as an Urban Cooperative, shaped the future of many women working in the unorganized sector.  Besides providing loans, they also help in charting strategies for small and medium scale business.

The 4,000 women members contributed Rs 10 each to inaugurate the Shri Mahila Sewa Sahakari Bank Ltd. Since then, the organization acts as a helping hand to the women workers caught in the vicious cycle of poverty.

Nayuma Women’s Co-operative Society Ltd.

Set up in August 2001, Nayuma Women’s Co-operative Society Ltd is fulfilling the need to generate employment for marginalized women. The body trains women in various fields, especially tailoring and cutting. The trainees are also given opportunities to get themselves established. Later, manufacturing of craftwork and handloom products was expanded into a large scale of business activities.

Mann Deshi Bank

The organization, since 1997, has been catering to the needs of rural women by providing financial services to them. The society went ahead to open seven branches and provided assistance to countless women for self-sustainability.

“In order to fulfill the need of rural poor and make ‘Jan Dhan Yojana’ a success, the Banking system in India needs a reinvention.” Said the founder,  Chetna Sinha.

Being the second largest microfinance bank in India, the organization is still ensuring to accumulate high results for the society as a whole.

These institutions have ushered in a new India where women are actively taking part in the nation-building process. The government needs to look into these and provide all out assistance and help setting up such bodies to reach to the women across the country.

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Diabetic Women at Greater Risk of Developing Cancer Than Men, According to a New Study

Overall, it was calculated that women with diabetes were six per cent more likely to develop any form of cancer than men with diabetes

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The researchers found that women with diabetes were 27 per cent more likely to develop cancer than women without diabetes but for men the risk was 19 per cent higher.
The researchers found that women with diabetes were 27 per cent more likely to develop cancer than women without diabetes but for men the risk was 19 per cent higher. Pixabay

Women suffering from diabetes may be at a higher risk of developing cancer than men, a new study has found.

The findings suggested that among the study participants, women with diabetes (Type 1 and Type 2) were at higher risks for developing kidney cancer (11 per cent), oral cancer (13 per cent), stomach cancer (14 per cent) and leukaemia (15 per cent) compared to men with the similar condition.

Diabetes affects more than 415 million people worldwide, with five million deaths every year.

According to the researchers, it is believed that heightened blood glucose may have cancer-causing effects by leading to DNA damage.

“The link between diabetes and the risk of developing cancer is now firmly established,” said lead author Toshiaki Ohkuma from The George Institute for Global Health in Australia.

They also found that diabetes was a risk factor for the majority of cancers of specific parts of the body for both men and women.
They also found that diabetes was a risk factor for the majority of cancers of specific parts of the body for both men and women. Pixabay

“The number of people with diabetes has doubled globally in the last 30 years but we still have much to learn about the condition,” Ohkuma added.

For the study, published in the journal Diabetologia, the researchers examined data on all-site cancer events (incident or fatal only) from 121 cohorts that included 19,239,302 individuals.

The researchers found that women with diabetes were 27 per cent more likely to develop cancer than women without diabetes but for men the risk was 19 per cent higher.

Also Read: Eating Dinner Early May Lower Risk of Breast, Prostate Cancer

They also found that diabetes was a risk factor for the majority of cancers of specific parts of the body for both men and women.

Overall, it was calculated that women with diabetes were six per cent more likely to develop any form of cancer than men with diabetes.

“It’s vital that we undertake more research into discovering what is driving this, and for both people with diabetes and the medical community to be aware of the heightened cancer risk for women and men with diabetes,” Ohkuma noted. (IANS)