BC Sakhis: Unlocking rural women’s banking potential
2 years, 1 month ago

BC Sakhis: Unlocking rural women’s banking potential

Hindustan Times  

September 2022 marked the eighth anniversary of the Pradhan Mantri Jan Dhan Yojana, the national mission for financial inclusion. BC Sakhis play an entrepreneurial role in providing banking solutions to underserved customers, especially women. The government launched the Mission One Gram Panchayat, One BC Sakhi programme in 2019 aiming to create a pool of 1.25 lakh trained and certified women Self Help Group members as BC Sakhis. By leveraging BC Sakhis to create a “cash-light” system where they support individual members to transact through their bank accounts than in cash, we can create digital footprints for women customers which shall give them greater access to credit and adoption of other digital financial services. It needs a collaborative effort from public sector banks, national payments councils, fin-tech, financial service providers, micro-finance institutions and the role of civil society organisations to make it a game-changer in India’s journey towards financial empowerment of women.

Financial Banking Financial Inclusion Rural Women Bc Sakhis Bc Sakhi Sakhis  rural  women  support  bc  digital  unlocking  womens  potential  travel  sakhis  members  banking  unbanked  financial

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From microcredit to bigger bank loans, how to empower women entrepreneurs

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Hindustan Times  

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