The Bharatiya Mahila Bank (BMB) will celebrate the International Women’s Day by organising financial literacy camps. India’s first only-women bank, the BMB has been set up with a special mandate to serve the women of the country by meeting their financial needs and ensuring that financial inclusion of women is undertaken extensively.
All the 12 branches of the bank will organise financial literacy camps on March 8. They have entered into local tie-ups with non-governmental organisations and other social organisations involved in activities related to women’s empowerment.
Over 15,000 participants are expected to attend the camps. The programme will focus on creating awareness about financial concepts, personal finance and money management. The awareness drive includes financial planning, budgeting, savings, advantages of saving with banks, difference between formal and informal sources of borrowing, purpose and cost of borrowing, and different types of borrowing.
The programme will also enable the participants to understand various processes, products, and documentation of banking in general and BMB in particular.
