Business | Updated Jun 16, 2007 at 11:25am IST

ICICI offers easy credit to sex-workers

ibnlive.com

New Delhi: Country's largest private sector bank, ICICI is planning to offer financial assistance to sex-workers to help them live more “meaningful life”.

The bank is all set to start with a special programme in alliance with NGO Durbar Mahila Samwanaya Samitee—that works for the welfare of around 65,000 sex-workers in and around Kolkata.

"We propose to help commercial sex workers to move out of their profession in a viable and sustainable way by offering micro-finance to them," ICICI Deputy Managing Director Nachiket Mor was quoted by PTI.

Under this scheme, the NGO would form Self-Help Groups comprising 10-20 sex-workers. It would be through these groups that the sex-workers would get access for finance.

"With the access of finance, they can set up Kiranna shops or something similar to that," a senior bank official was quoted by PTI.

"We will roll out the service to other parts of the country to bring marginal and underprivileged class under the banking fold," he added.

The scheme is being seen as a novel way of extending help to the sex workers who remain underprivileged in most cases.

With PTI inputs

(For updates you can share with your friends, follow IBNLive on Facebook, Twitter, Google+ and Pinterest)

Comments (0)

All comments will be published after moderation

Trending Searches

#Western Ghats #Gianluigi Buffon #Narendra Modi #Nitin Gadkari #Abhishek Bachchan #Uninor #Sania Mirza #Tobacco #Air India #Ajith Kumar #Narendra Modi #Nitin Gadkari #Naveen Patnaik #Bharat Bandh #Jagan #Poonam Pandey #Bus rapid transit #MHADA #Yashwant Sinha