IOB Launches 'IOB-Mahila Shaksham Scheme' to Support and Empower Women Entrepreneurs.

Banking & Finance

Indian Overseas Bank (IOB) has introduced the 'IOB-Mahila Shaksham Scheme', designed to empower individual women members of Self Help Groups (SHGs) by supporting their entrepreneurial ventures.


      - The scheme also complements the Ministry of Rural Development's 'Lakhpati Didi Yojana', aimed at fostering financial independence among women.

      - Designed specifically for women entrepreneurs, including those running Small and Medium Enterprises (SMEs).

     

Main Points:-   (i) This initiative is part of the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM), providing financial assistance to women SHG members for their business activities.

      (ii) As part of IOB’s commitment to enhancing women's economic participation, the scheme also focuses on improving their access to financial resources.


About IOB

Founder : M. Ct. M. Chidambaram Chettiar
Headquarters: Chennai
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