Skoch Financial Inclusion Award for Women Bank Agents in rural Madhya Pradesh

Women's empowerment in action : Women bank agents win Skoch Financial Inclusion and Deepening Award, 2015

The Rural Financial Institutions Programme (RFIP), a joint collaboration between NABARD and GIZ, initiated an innovative approach which promotes women members of Self-Help Groups to become bank agents. Two Regional Rural Banks in India have piloted this approach, one of them being Narmada Jhabua Gramin Bank based out of Indore, Madhya Pradesh. 29 “Bank Sakhis” are operating on behalf of the bank and are offering financial services to more than rural 8000 clients. In the last months, transactions of more than 1 Crore Rupees have been facilitated by these women using laptops and micro-ATMs and biometric identification of customers.

Last week, this “Sakhi Samaveshan Project” has received the “Skoch Financial Inclusion and Deepening Award – 2015” during the 40th Skoch Summit.  This is an outstanding achievement for all the Bank Sakhis and clearly demonstrates that women empowerment and financial inclusion can go hand in hand.

You may find more information on the project on the Bank’s website: