CM reflects on an exclusive financial institution for women entrepreneurs


Bangalore: Sensing the need for greater encouragement for women entrepreneurs, Chief Minister Basavaraj Bommai is keen to establish a financial institution to exclusively assist women entrepreneurs who would meet the needs of the women of Sthree Shakthi Sanghas in the villages with large women entrepreneurs.

Opening the “Together we grow” conclave organized as part of International Women’s Entrepreneurship Day, Bommai said: “I have been thinking for a long time. All Sthree Shakthi Sanghas receive seed money to engage in different activities. But to help them or help any female entrepreneur, we need a large financial institution. I am talking to the Ministry of Finance to create a financial institution exclusively for women entrepreneurs who would take care of Sthree Shakti Sanghas in a village for major projects, which women can manage.

“Women mean entrepreneurship and entrepreneurship means women, that’s what I want. The manufacture of household products is the largest business in the world. There are different departments, from groceries, toiletries, electronic gadgets and more. Women who run households are also entrepreneurs. According to a report, the savings of our Indian housewives are more than the savings made by our nationalized banks. Even the biggest banks and companies often declare bankruptcy, there is no case of a household in our country declaring bankruptcy. Saving is part of our culture, ”said Bommai.

The CM also announced its intention to release a special program within a week to provide employment for visually impaired women. He strongly advocated the need to help physically disadvantaged people in general and visually impaired women in particular, to enable them to lead a life of dignity.


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