The Indian Co-operative Network for Women - A model fit for the ...
The Indian Co-operative Network for Women - A model fit for the ...
The Indian Co-operative Network for Women - A model fit for the ...
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<strong>The</strong> <strong>Indian</strong> <strong>Co</strong><strong>operative</strong> <strong>Network</strong> <strong>for</strong> <strong>Women</strong><br />
<strong>The</strong> microfinance operations of <strong>the</strong> ICNW has facilitated low income<br />
entrepreneurs to meet <strong>the</strong>ir working capital as many of <strong>the</strong>m do not<br />
have access to credit from nationalized banks (though <strong>the</strong> main<br />
objective of nationalization in 1969 being to help <strong>the</strong> poor borrowers<br />
i.e., 1% of <strong>the</strong>ir pro<strong>fit</strong>s). However, it took a different shape by not<br />
bene<strong>fit</strong>ing <strong>the</strong> poor and <strong>the</strong> vulnerable. <strong>The</strong> concept of microfinance<br />
on <strong>the</strong> o<strong>the</strong>r hand grew in a big way to serve <strong>the</strong> low income groups.<br />
<strong>The</strong> experience of <strong>the</strong> ICNW demonstrates that its programmes are<br />
tailor made to suit <strong>the</strong> needs of <strong>the</strong> poor women not only to facilitate<br />
improve <strong>the</strong>ir living/working conditions but also help <strong>the</strong>m to escape<br />
from persistent poverty.<br />
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