It has been reported that Bhartiya Mahila Bank has decided to work with cosmetics brand Lakme. The bank will help the women entrepreneurs to set up the lakme salons. The bank has signed up MOU with Lakme.
As per the MOU the bank will finance the 70% and rest will be done by the Lakme. With this initiative the bank aims to help the women entrepreneurs to establish their own salons that will help the women to become financially strong and stable.
Currently bank has a small network of 40 branches all over the country. The bank has staff strength of 300, and another 500 people will be hired in the next four months, she said. The bank will further also provide micro education loans to the women.