Bharatiya Mahila Bank was established in 2013 as India's first bank exclusively for women in order to promote financial inclusion of women and support women entrepreneurs. It had 103 branches at the time of its merger with State Bank of India in 2017. The bank provided credit facilities, training, and subsidies targeted towards economically empowering women. However, it struggled with financial inclusion goals as most branches were urban-located. It was ultimately merged with SBI as part of banking sector reforms under Prime Minister Modi.

2. Introduction
 In India, to develop banking industry and
expand financial services as a part of
country's need, Bharatiya Mahila Bank
was started.
 Bharatiya Mahila Bank is one of the
lending financial institution in India,
which are greater financial support for
their account holders.
 This bank is exclusively for women. The
bank allows deposits to flow from
everyone but lending will be
predominantly for women.

3. Establishment
 On november19,2013 , Bharatiya
Mahila bank was established and its
inauguration was done by former
prime minister Dr. Manmohan Singh
on the occasion of the 96th birth
anniversry of former India Prime
Minister Indira Gandhi.
 Its headquarters is at New Delhi. The
chair person of BMB is Mrs. Ushaben
Anantha Subramanian and managing
director is S.M. Swathi.

4. Need for BMB
 At present, only 26% Indian women have
their account with bank while 46% are
male account holders. For this reason
BMB was established to uplift the
standard of women in India.
 These banks provide credit or loan
facilities to women.
 Such banks are also established in
Pakistan and Tanzania.
 Women per capita credit is 80% lower
than males.

5. Objectives
 The main aim of BMB is to work for the
upliftment of women.
1. There will be some relief on loan given to
women in form of subsidy.
2. Provide necessary guidance & training to
women entrepreneur.
3. Seed capital (venture capital) is provided to
women to encourage them to be self employed.
4. Employment opportunities for women are
increased.
5. Such banks focuses on the development and
promotion of women economically.

6. Capital Structure & Branches
 Initially capital of such banks consists
Rs. 1000 crore, contributed by
government of India.
 The bank was merged with State Bank
of India on 1st April, 2017. As on date
of merger, the bank had 103 branches
and was planning to open more than
700 branches within next two years.

7. Management of Bank
 This bank is totally owned by
government of India. Such bank is
managed by 8 women board of
directors. Among them the chair
person is Ushaben and managing
director is S.M. Swathi and the
remaining 6 women are from different
institutions.
 Other board of directors;
◦ Chhavi Rajawat – Sarpanch of Rajasthan
◦ Kalpana Saroj – Dalit entreprenuer
◦ Nupur Mitra – Retired public banker

8. ◦ Pakiza Samad – Academician
◦ Renuka Ramnath – Private equity
professional
◦ Tanya Dubash – Executive Director of
Godrej Group & Government nominee.

9. Advantages
1. It offers high rate of interest on its saving
a/c.
2. It provides unlimited free transactions at
ATM.
3. It provide special loan that are specific to
women for starting new occupation.
◦ Shringar loan (to start beauty parlor, saloon and
spa)
◦ Annpurna loan (for catering business)
◦ Parvarish loan (to start day care centers)

10. Advantages
4. Its KYC norms are simpler as compared
to other banks.
5. It provides home loans under BMB
Apna Ghar Home Loan upto 1 crore for
the span of 25 years at 9.25% interest.
6. It provides a combo loan of working
capital and term loan.
7. Its repayment policy is flexible for the
tenure lasting upto 7 years.

11. Advantages
8. It also gives loan facility to those institution
who are engaged in the production of goods
for women. For e.g. Cosmetic Items
accessories , Readymade garments.
9. Establishment of these banks will help the
development of women.
10. Employment opportunities for women will
increased. Since this banks recruit only
female officials.
11. The women who are victims of domestic
violence will get rid of it due to increase in
women's wealth and property.

12. Limitation
1. It will increase the racial discrimination
between males and females.
2. Sooner or later, the women bank would
have to recruit males which would defeat
the very purpose of starting all women's
bank.
3. It is difficult to maintain and start new
branches as the women in the house are
not financially independent.

13. 4. Research work on the success of such
banks should be done to overcome the
challenges of financial inclusion from
targeted female customers.
5. It should improve its collection policy
which is very flexible.

15. Merger with SBI
 As part of the Modi Government's
banking reforms, the Bharatiya Mahila
Bank, launched in 2013, was merged
with SBI from 1st April, 2017.
 The merger would mean 103
branches and business of Rs. 2000
crore added to SBI .
 The bank employees, who had joined
on deputation, would be transferred
back to their previous banks.

16. Reason's behind BMB's
failure
 All branches of BMB are located in
urban areas where banking services are
in plenty.
 BMB's main objective of financial
inclusion of women would have been
better served if they had catered to rural
population.
 BMB extended loans of 192 crore to
women borrowers & SBI extended
46000 crore to women borrowers within

17. Conclusion:
 The government has been working
towards the empowerment of women in
the country. The flagship programs for
rural development and higher
education. Health care provide equal
access to males and females of the
society.
 Government has initiated many
employment schemes like Mahatma
Gandhi National Rural Employment,
Janani Suraksha Yojna, Sabla Scheme
to empower women and become
financially strong.

18. Thank You……!