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Five financial institutions helping in women empowerment in India


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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Four hacks for women’s wellness

Yoga is known to be the ultimate healer for the soul and body. Pixabay
  • For most women, wellness takes a back seat
  • It is very important for women to take care of health
  • There are very simple things they can do to take care of themselves

Wellness takes a backseat for most women, what with a hectic schedule taking care of work, home, and all the people in their lives. This Women’s Day, encourage the women in your life to make themselves a priority and practice these simple wellness tips to improve their overall well-being.

It is  very important for women to take care of themselves. Instagram
It is very important for women to take care of themselves. Instagram

Dr Hariprasad, Ayurveda Expert, The Himalaya Drug Company, recommends the following tips to help women become healthier without having to take too much time out of their busy schedule.

Get enough sleep: The function of sleep is to not only relax the body, but also rest and restore the mind. It is necessary to heal and repair your heart and blood vessels. While you can function for a while without getting the necessary amount of sleep every day, it will eventually take a toll on you. Commit to sleeping a minimum of seven hours a day while aiming for eight, and you will feel yourself getting healthier and happier in a short amount of time. This will help you achieve both mental and physical wellness, and your mind and body will be at ease.

Also Read: It is very important for women to take care of themselves. Instagram

Keep up energy levels: Use an energy booster like chyavanaprasha for that extra push you need to achieve your daily goals. Chyavanaprasha, which has amalaki (Indian gooseberry), gives that supplementary dose of antioxidants, in addition to boosting your energy levels. Along with this, try quick exercises like stretching and jogging to keep those endorphins flowing.

Practice preventive care: Long-term wellness is a better approach than seeking short-term solutions for the problem at hand. Having Guduchi (Tinospora cordifolia) can help you practice preventive care by building your immunity. According to Ayurveda texts and modern research, Guduchi increases immunity against infections by increasing the effectiveness of disease-fighting white blood cells. These fight infections and influence various other immune effector cells, ensuring early recovery. Including Guduchi in your daily diet will help increase the body’s resistance to stress and illness. It can help reduce the chances of facing health problems altogether, rather than simply resorting to curative measures when it arises.

yoga asanas
Women wellbeing is often ignored. Pixabay

Set aside some me-time: Take some time out for yourself during the day to just breathe and reflect on your day. You can do this in a structured manner using yoga and meditation techniques, but the important part is to consistently carve time out from your day for yourself. Setting aside even 10 minutes will help you relax and feel more in control of your day. You will feel the frustrations of your day melt away, leaving you to face the rest of the day with a calmer mind and a more positive outlook. IANS