An empirical research on role of banks in women empowerment

Abstract

The present study is conducted to know the role of banks to the women empowerment and to suggest measures for uplifting women empowerment. structured questionnaire, based on 5 points LIKERT scale is used for the study. ANOVA, t-test and Chi-square test are used to test the hypotheses and validate the results. The analysis is in conformation with the objectives of the study and the hypotheses formulated. The collected data is analyzed through SPSS. Findings include banks should charge less processing fees, should introduce subsidy and grants to women entrepreneurs. It is also suggested that providing educational loans to girls students at lower rates may be a solution to women empowerment. Banks can play a dominant role in women empowerment by providing special schemes for the housewives for domestic upliftment of the women. Loans and facilities like Bank assurance will be more helpful for the purpose. It has been recommended that special schemes should be introduced for women education about knowledge of bank accounts and different facilities should also be provided by banks.