The first all woman cooperative bank in Assam is experiencing obstacles in its plan of increasing its reach. The bank is presently based in Jorhat.
It has been over a year that Konoklota Mahila Urban Co-operative Bank Limited is attempting to obtain permission to start branches and widen its network and activities to the adjacent districts of the state.
The MD of the bank, Lakhimi Baruah, the bank meets all conditions laid down by RBI for it to expand itself but has not yet received permission for the same by the Registrar of Cooperative Societies, Guwahati.
Baruah said, “The bank first submitted a proposal to open branches at Golaghat and Sivasagar to the deputy registrar, Cooperative Societies, Jorhat, on June 6, 2009. This proposal was forwarded by the deputy registrar to Guwahati in December 2009. On May 25, 2010, the same proposal was sent again to the deputy registrar and this has been forwarded to Guwahati on August 2, 2010. But till date we have no information about whether the proposal has been admitted.”
She said, “The delay by the government is proving to be a deterrent to push forward our agenda of economic emancipation of underprivileged women”.
She added, “The idea of saving develops faster and is more sustainable among poor women than their men folk, as the former is always in the search for security”.
Baruah said, “The initial scheme we had submitted to the RBI was for the socio-economic emancipation of underprivileged women wherein it was proposed that we undertake family and youth counselling, train women of self-help groups and set up crèches besides provide micro-credit. We still have a lot to do”.
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