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Bank of India to open bank accounts for Women SHGs

The Bank of India will open bank accounts for 1,500 Women Self Help Groups with zero balance here for enabling them to earn their livelihood.



Hazaribagh: The Bank of India
will open bank accounts for 1,500 Women Self Help Groups with
zero balance here for enabling them to earn their livelihood.

"The main purpose of opening accounts will be to
provide working capital of Rs 5 lakh to each SHG so that they
can buy raw materials and prepare them for Jharcraft, which
will purchase their finished goods and sell them in markets,"
Rishav Sahay, the Managing Director of Jharcraft, a government
of Jharkhand initiative said.

The bank has also decided that it would raise working
capital for the SHG if opening of accounts proved successful,
Sahay said.

Special initiatives had been taken up to boost the
income of rural women artisans by training them in
manufacturing and knitting of Karhai sarees, known as Katha
stitched sarees, and hair rings, he said.

Jharcraft authorities have roped in specialists from
Berhampore and Midnapore districts of West Bengal to train
local artisans in Katha stitching and Katha sarees.

PTI

From Zee News

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