Indian Bank has Signed MoU with WEWA To Boost Women Entrepreneurship

Indian Bank has entered into Memorandum of Understanding (MoU) with the Women Entrepreneurs Welfare Association (WEWA), Tamil Nadu, to offer training and credit linkage to women members/entrepreneurs of the association for establishing business.

WEWA said that members would get support for loans at special discounted rates.

Padmaj Chunduru, MD and CEO, emphasises on financial independence and said it is very important for the women and more girls should be encouraged to take up their enterprise skills.

''Will help aspiring and enthusiastic women by training them in the INDSETIs, specially established institutes to impart necessary skill in chosen activity,” he added.

The bank emphasised that WEWA should facilitate prompt repayment by their members.

WEWA aims at adding 1,000 members by 2023 and requested the bank to provide the skill training to their members as per the interest and choice of the members.