Friday, Mar 29 2024 | Time 12:47 Hrs(IST)
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Business Economy


Dena Bank signs pact with MAVIM for financing Women SHG

New Delhi, Sep 1 (UNI) Dena Bank has entered into a memorandum of understanding (MoU) with Mahila Arthik VIkas Mahamandal (MAVIM) for financing Women Self Help Groups identified by the mahamandal.
As per the MoU, MAVIM will co-ordinate with the Dena Bank and Community Managed Resource Centres (CMRCs) to meet all the operational and implementation requirement of Bank, SHGs and CMRCs and act as business facilitator.
K C Chhipa, General Manager (PS & RRB, Retail & MSME) signed the MoU on behalf of Dena Bank while MAVIM was represented by Kusum Balsaraf, acting Vice-Chairman and Managing Director.
Initially, Dena Bank will implement the scheme in Nashik, Nandurbar, Jalgaon, Dhule, Aurangabad, Kolhapur, Satara, Pune, Sangali, Ahmednagar Parbhani and Jalna Districts of Maharashtra on pilot basis.
MAVIM will organise the poor to form women SHGs, imparting financial literacy training and guiding them to mobilise their saving, setting up linkages between the groups and the Bank.
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