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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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Women with Sleep Apnea at Greater Cancer Risk, Warn Researchers

The data showed that 2.8 per cent of all women had been diagnosed with a serious cancer compared to 1.7 per cent of all men in the group

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Previous research has shown that obesity and high-fat diets both together and independently increase the risk of pancreatic cancer.
The actress was diagnosed with cancer earlier this year. Pixabay

Women with obstructive sleep apnea (OSA) are more likely to be diagnosed with cancer than men with the condition, warn researchers.

Common symptoms of sleep apnea, include snoring, disrupted sleep and fatigue.

“Our study of more than 19,000 people shows that the severity of OSA is linked to a cancer diagnosis,” said study lead author Athanasia Pataka, Assistant Professor at Aristotle University of Thessaloniki in Greece.

“This link was especially strong in the women that we analysed, and less so in the men, and the study suggests that severe OSA could be an indicator for cancer in women, though more research is needed to confirm these findings,” Pataka explained.

In people suffering from OSA, the airways close completely or partially many times during sleep, reducing the levels of oxygen in the blood.

Cancer patient
Cancer patient.

The researchers analysed data from 19,556 people (5,789 women and 13,767 men) included in the European Sleep Apnoea Database (ESADA) to explore the link between OSA severity, low blood oxygen levels and cancer development.

The researchers looked at the number of times the participants experienced partial or complete airways closure per hour of sleep, as well as the number of times their blood oxygen levels dropped below 90 per cent at night.

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The data showed that 2.8 per cent of all women had been diagnosed with a serious cancer compared to 1.7 per cent of all men in the group.

The study, published in the European Respiratory Journal, suggests that people who experience more closures of the airways during sleep and whose blood oxygen saturation levels drop below 90 per cent more frequently are more likely to be diagnosed with cancer than people without OSA. (IANS)