Sunday, March 17, 2013

Women Banks



8th March 2013 is being a special day which is not marked as a red letter day in the calendar but celebrated across the world as International Women's Day. Those who don’t know the background for international women’s day for them this small intro will make them understand better.

The first national Women's Day was observed on 28 February 1909 in the United States following a declaration by the Socialist Party of America Well being Indian I am ashamed to celebrate the International women’s day as in past couple of months the number of rape case per day in India has migrated from 2 case per day to 4 case per day totaling to 180 above rape cases in India. Many of my readers might acclaim that India is not the alone country on the earth to go for chasing the highest total rapes, there are many countries leading in the crime.  All I can say to them is that eye for eye is not the solution. Well I am shifting out from the main part of the topic which is related to the Union Budget of 2013-14. The Indian government invited every member of the parliament for the inaurgation of the 1st Women Bank. Well this was not a gift for the International Women’s Day but it has some rock solid economic factors to support.
Women lending has made a phenomenal growth over the last couple of years. The data from RBI makes the decision of women bank to be very strong.

Women Lending Rs.in (Cr)
Years
2009-10
2010-11
2011-12
Lending Amount
139549
182667
223000
Growth

31%
22%

This reveals that women business opportunities are growing that entrepreneurship growth is equivalently growing. In my research I found that state wise contribution of Small Scale entrepreneurship by women are on the rise.
State-wise distribution of small scale industrial units owned by women entrepreneurs
S.No.  
 State/Union Territory  
 No. of SSI Units  
 Percentage to Total  
 1  
 Kerala  
 139225  
 13.09  
 2  
 Tamil Nadu  
 129808  
 12.20  
 3  
 Karnataka  
 03169  
 9.70  
 4  
 Maharashtra  
 100670  
 9.46  
 5  
 Andhra Pradesh  
 77166  
 7.25  
 6  
 Uttar Pradesh  
 72667  
 6.83  
 7  
 West Bengal  
 69625  
 6.55  
 8  
 Madhya Pradesh  
 68823  
 6.47  
 9  
 Gujarat  
 53703  
 5.05  
 10  
 Bihar  
 49443  
 4.65  
 11  
 Orissa  
 38233  
 3.59  
 12  
 Rajasthan  
 36371  
 3.42  
 13  
 Punjab  
 29068  
 2.73  
 14  
 Delhi  
 14383  
 1.35  
 15  
 Assam  
 11757  
 1.11  
 16  
 Manipur  
 10745  
 1.01  
 17  
 Chhattisgarh  
 10034  
 0.94  
 18  
 Haryana  
 9620  
 0.90  
 19  
 Uttaranchal  
 8804  
 0.83  
 20  
 Jharkhand  
 7865  
 0.74  
 21  
 Jammu and Kashmir  
 5742  
 0.54  
 22  
 Himachal Pradesh  
 3722  
 0.35  
 23  
 Mizoram  
 3700  
 0.35  
 24  
 Meghalaya  
 3580  
 0.34  
 25  
 Chandigarh  
 2243  
 0.21  
 26  
 Pondichery  
 1065  
 0.10  
 27  
 Tripura  
 863  
 0.08  
 28  
 Goa  
 810  
 0.08  
 29  
 Daman, Diu , Dadra and Nagarhaveli  
 213  
 0.02  
 30  
 Nagaland  
 179  
 0.02  
 31  
 Arunachal Pradesh  
 150  
 0.01  
 32  
 Andaman and Nicobar Island  
 110  
 0.01  
 33  
 Sikkim  
 98  
 0.01  
 34  
 Lakshadweep  
 67  
 0.01  

In 2001 RBI changed the law and created the revolution for the women of India. RBI made mandatory 5% of the net of PSB lending would be directed towards women. The revolution created its impact by surpassing the limit on 2011-12 to 7.3%. Recently RBI has extended that women are entitled to get Rs.50000 for each borrower. In 2011-12   15 million women got benefit from the lending programme of RBI.
Among the various banks the lending figure is very much impressive enough for the PSB.

Rs.in (Cr.)
Number
SBI
45284
3.2million Accounts
Canara Bank
25300
1.3million Accounts
Indian Overseas Bank
14000
1.25 million Accounts
Indian Bank
9590
1 million Accounts
PNB
11800
750300 Accounts
BOB
8000
7 lac Accounts
 According to the recent study by the World Bank there are just 26% women account holders as compared to 46% men’s in India. This is an opportunity which has lead the government to go for exclusive women Bank. Since women park their monetary segment either with Cooperative societies, Credit Unions, Post Office and micro finance organizations. Well more than 6, 50,000 villages in India don’t have banks hence this is an immense opportunity for the banking space to grow. But a question comes to mind that why these numbers and values were not identified earlier. Since, we still value women as pound of flesh and as food stuff for the cannibal part of the society. Happy International Women’s Day.

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