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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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Diet Drinks Increase Stroke Chances in Postmenopausal Women

The results in post-menopausal women may not be generalisable to men or younger women. 

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The results in post-menopausal women may not be generalisable to men or younger women. Pixabay

Are diet drinks your choice? Beware, your heart could be at risk. A new study suggests that drinking diet drinks was associated with an increased risk of having a stroke among post-menopausal women, researchers say.

The stroke is was caused by a blocked artery, especially small arteries.

The study, published in the journal Stroke, showed that compared with women who consumed diet drinks less than once a week or not at all, women who consumed two or more artificially sweetened beverages per day were 23 per cent more likely to have a stroke, 31 per cent more likely to have ischemic stroke, and 29 per cent were at risk of developing heart disease (fatal or non-fatal heart attack).

In addition, there was a 16 per cent risk of deaths from any cause.

 

 

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A new study suggests that drinking diet drinks was associated with an increased risk of having a stroke among post-menopausal women, researchers say. Pixabay

Furthermore, stroke risks more than doubled in women without previous heart disease or diabetes and obese women without previous heart disease or diabetes, findings revealed.

“Many well-meaning people, especially those who are overweight or obese, drink low-calorie sweetened drinks to cut calories in their diet. Our research and other observational studies have shown that artificially-sweetened beverages may not be harmless and high consumption is associated with a higher risk of stroke and heart disease,” said lead author Yasmin Mossavar-Rahmani, Associate Professor at the Albert Einstein College of Medicine in the US.

For the study, researchers included 81,714 post-menopausal women aged 50-79 years.

The results in post-menopausal women may not be generalisable to men or younger women.

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Furthermore, stroke risks more than doubled in women without previous heart disease or diabetes and obese women without previous heart disease or diabetes. Pixabay

Also Read: Top 3 Factors That Play a Major Role in Fertility Issues in Women

“The American Heart Association suggests water as the best choice for a no-calorie beverage,” suggested Rachel K. Johnson, Professor at the University of Vermont in the US.

“Since long-term clinical trial data are not available on the effects of low-calorie sweetened drinks and cardiovascular health, given their lack of nutritional value, it may be prudent to limit their prolonged use,” Johnson added. (IANS)