Jammu, March 08, (Scoop News)- On the occasion of International Women day, Women Credit Cooperative Ltd (WCCL) appealed to the women folk in Jammu and Kashmir to join the cooperative movement and get benefits, in the form of easy loans, to start their ventures for earning and becoming financially self dependent, this will provide them a place of dignity in the society and will be a big step towards over all empowerment of Women.
Addressing a press conference here today, Chairperson of Women Credit Cooperative Ltd (WCCL) Kailash Kumari Verma chairperson J&K Women Credit Cooperative Ltd informed that presently its 37 branches are working in different parts of Jammu division. It has employed as many as 2700 women and has disbursed loans to the tune of 4.5 Crore to its members. We have a total of about 18000 members at present, enrolled in different branches. The membership fees is Rs 1000 each.
Mrs Kumari further stated that while the women folk belonging to upper strata of society have several means and avenues towards their well being and empowerment, the Cooperative movement and Women Credit Cooperative Ltd helps the women belonging to weaker section of society towards this direction.
The Chairperson Women Credit Cooperative Ltd also inform that Women Credit Cooperative Ltd which has already applied to the RBI for sanction to convert its self into a regular Women Credit Cooperative Bank1 fulfil all the criteria set by the RBI for opening a bank she is hopeful of soon getting the RBI sanction for opening of Women Credit Cooperative Bank, with headquarter at Jammu and eventually its branches in various parts ‘of J &K:.’This will be a big step forward towards the objective to make women financial self dependent by setting of financially ventures. This will also provide gainful employment to a very large number of women.
Mrs Kailash Verma told that out of Rs 1000 crore earmarked in last year’s union budget, for launching projects for empowerment of women, the main feature of which is to make the women folk economically self dependent by undertaking income earning ventures, cooperative. Banks exclusively for women are envisaged to be set up in various states, to provide credit facilities to’ the women entrepreneurs. One such bank, Mahila Cooperative has already been opened in the country.
Registered on 6 June 2006 under Act 99 of the Cooperative with Registrar of Cooperative, Women Credit Cooperative Ltd (WCCL) has made a headway, towards empowering women, by making them financially self dependent. As a part of the overall cooperative movement, this sector of the women cooperative has been helping the needy women particularly in the area to setup income generating and self employment ventures, by advancing them loans on easy terms.
MORE AT http://scoopnews.in/det.aspx?q=36260