Mumbai: Dena Bank has entered into a Memorandum of Understanding (MoU) with Mahila Arthik VIkas Mahamandal (MAVIM) for financing to Women Self Help Groups identified by MAVIM. As per the MoU, MAVIM will co-ordinate with the Dena Bank and Community Managed Resource Centres (CMRCs) to meet all the operational and implementation requirement of Bank, SHGs and CMRCs and act as business facilitator.
Mr. K C Chhipa, General Manager (PS & RRB, Retail & MSME) signed the MoU on behalf of Dena Bank while MAVIM was represented by Smt. Kusum Balsaraf, Acting Vice Chairman & Managing Director.
Initially, Dena Bank will implement the scheme in Nashik, Nandurbar, Jalgaon, Dhule, Aurangabad, Kolhapur, Satara, Pune, Sangali, Ahmednagar Parbhani and Jalna Districts of Maharashtra on pilot basis. MAVIM will organize the poor people to form women SHGs, imparting financial literacy training and guiding them to mobilize their saving, setting up linkages between the groups and the Bank.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Sign me up for the newsletter!
Notify me of follow-up comments by email.
Notify me of new posts by email.
SAS Naqvi, A Hockey Legend India Has Failed to Honor
Disney+ Hotstar VIP continues Live Sports Action, Stay Tuned!
HCL’s TechBee Program offers early career opportunities to 12th pass out students
Redefining Rental Ecosystem with Tech
SherKhan To Launch Their New Discount Broking Company Using A Beta-Testing Approach
2014 The Global Indian New Network (TGINN)