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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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More than 50% Young Women are Distressed About Their Sex Lives

Here's why most young women are stressed about their sex lives

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Women sex life
More than half of young women in Australia are embarrassed, stressed or unhappy about their sex lives. Pixabay

More than half of young women in Australia experience some form of sexually-related personal distress — feeling guilty, embarrassed, stressed or unhappy about their sex lives.

A study conducted Monash University reported, for the first time, an overall picture of the sexual wellbeing of Australian women between the ages of 18 and 39.

Results showed 50.2 per cent of young Australian women experienced some form of sexually-related personal distress, with one in five women having at least one female sexual dysfunction (FSD).

A concerning 29.6 per cent of women experienced sexually-related personal distress without dysfunction, and 20.6 per cent had at least one FSD. The most common problem was low sexual self-image, which caused distress for 11 per cent of study participants.

Arousal, desire, orgasm and responsiveness dysfunction affected 9 per cent, 8 per cent, 7.9 per cent and 3.4 per cent of the study cohort, respectively, revealed the findings published in the international journal, Fertility and Sterility.

Women sex life
Women who habitually monitored their appearance, and for whom appearance determined their level of physical self-worth were unhappy with their sex lives. Pixabay

“It is of great concern that one in five young women have an apparent sexual dysfunction and half of all women within this age group experience sexually-related personal distress,” said Susan Davis, senior author and Professor of Women’s Health at Monash University.

“This is a wake-up call to the community and signals the importance of health professionals being open and adequately prepared to discuss young women’s sexual health concerns.” The study, funded by Grollo Ruzzene Foundation, recruited 6,986 women aged 18-39 years, living in Victoria, New South Wales and Queensland.

All women completed a questionnaire that assessed their sexual wellbeing in terms of desire, arousal, responsiveness, orgasm, and self-image.

Participants also evaluated whether they had sexually-associated personal distress and provided extensive demographic information.

Sexual self-image dysfunction was associated with being overweight, obese, living together with partner, not married, married and breastfeeding.

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Professor Davis said if untreated, sexually-related personal distress and FSD could impact relationships and overall quality of life as women aged.

Women who habitually monitored their appearance, and for whom appearance determined their level of physical self-worth, reported being less sexually assertive and more self-conscious during intimacy, and experienced lower sexual satisfaction. (IANS)