Comments
Corporation Bank, the London-based Commonwealth Secretariat, and four NGOs, have signed a memoranda of understanding for economic and social inclusion of youth through enterprise development.
Women entrepreneurs
A bank release said here Corporation Bank-Commonwealth Secretariat Youth Enterprise Financing Programme, aims to support women entrepreneurs.
It said a two-day development programme was conducted on June 6 and 7 in Bangalore. The stakeholders such as Shri Kshetra Dharmasthala Rural Development Programme (SKDRP), NTR Memorial Trust, Drishtee Foundation and Dhan Foundation, attended the programme.
During the course of the programme, Memoranda of Understanding were exchanged between Corporation Bank, Commonwealth Secretariat and all the stakeholders.
Speaking to stakeholders at the development programme in Bangalore, Mr Ramnath Pradeep, Chairman and Managing Director of Corporation Bank, said, “This is an exceptional opportunity for Corporation Bank to develop thought leadership in the area of assisting young women entrepreneurs. I urge all stakeholders on this project to immediately commence the specific lending programmes in each of the pilot locations. It is our responsibility to turn these young women from job seekers to job creators.”
The release said Corporation Bank is lending Rs 14 crore for this initiative at concessional rates of interest.
Commonwealth Secretariat, which is partnering with Corporation Bank, is providing technical assistance through training support and capacity building. This project aims to assist 2,500 women entrepreneurs on this pilot project, the release added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.