Sevasadan Mahila Bachat Gat Bank
Empowering Women through Sevasadan Mahila Bank
Sevasadan Foundation has taken a commendable step towards women's empowerment by establishing the Mahila Mahila Bachat Bank. This financial institution is designed by women, for women, with the primary objective of fostering economic independence and empowerment among its members.
Key Features of Sevaasdan Mahila Bank:
Inclusive Membership:
Any woman can become a member of the Sevasadan Mahila Bachat Bank by purchasing shares. This inclusivity ensures that women from diverse backgrounds and communities can participate in the financial empowerment process.
Annual General Meeting:
The foundation conducts an Annual General Meeting (AGM) for the Sevasadan Women's Savings Bank. During this meeting, crucial decisions are made, and allocations for the financial year are determined. The AGM serves as a platform for members to actively engage in the bank's affairs.
Dividend Distribution:
Reflecting the bank's commitment to its members, a notable 15% dividend was distributed to the women during the specified financial year. This financial reward recognizes the contributions and investments made by the women members, further enhancing their economic well-being.
Financial Inclusion:
The Mahila Bachat Bank plays a pivotal role in promoting financial inclusion by providing a platform for women to save, invest, and grow financially. This inclusion is a crucial step in addressing gender-based economic disparities.
Women Empowerment:
The establishment of the bank itself is a testament to the foundation's dedication to women's empowerment. By creating a space where women can actively participate in financial matters, make decisions, and benefit from financial returns, the Mahila Bachat Bank contributes significantly to empowering women.
Current Status:
As of today, the Mahila Bachat Bank boasts a membership of 70 women. This signifies the growing impact and success of the initiative in creating a supportive and empowering financial community.
Conclusion:
The establishment of the Sevasasdan Mahila Bank stands as a noteworthy stride towards gender equality and economic empowerment. By providing women with the tools and opportunities to engage in financial activities, the bank not only fosters economic independence but also contributes to the overall development and empowerment of the community. This initiative aligns with the foundation's broader mission of holistic community development and gender inclusivity.
