In a recent press conference, Manmohan Singh, the Prime Minister of India has announced that Bharatiya Mahila Bank will provide a special kitchen loan for the Indian women. As kitchen is considered as the most important place for every working as well as non working women, so it is the responsibility of the Government to help them to design the kitchen accordingly.
Apart from offering a lower interest rate in kitchen loans, now the bank will take care of the high interest rates on Savings account than any other public or private sector banks. The loans on this bank will be available on an amount of Rs.50,000 to 70,000. Hereby the Bharatiya Mahila Bank source revealed that the female borrower of these loans will need to pay the nominal or the base rate while repaying the amount to the bank.
Along with offering different types of loans, the source of the Bharatiya Mahila Bank said that the bank will lend loans for the establishments of catering service ad hygiene Day care centre for the kids. Government has fixed a target of doing a profit of Rs.60,000 crores within 2020.The bank also mentioned that now the bank will offer the job opportunities for the women and at the same time take care of the socially and financially deprived women.