Soon, women will not need to ‘fish’ for loans - Central Bank of India Launches "Cent Matsya Kanya"

Women engaged in fish retailing can now look to Central Bank of India for credit. The bank is gearing up to launch ‘Cent Matsya Kanya’, a special credit scheme for small fisherwomen.

“Though our intention was to focus on coastal States of Maharashtra, Goa, Tamil Nadu, Karnataka, Kerala, Andhra Pradesh and Odisha, the scheme will be implemented throughout India.

“The scheme provides working capital of up to Rs 50,000 to a single woman and up to Rs 2.50 lakh to a group of women under liberal terms,” said the bank’s Chairman and Managing Director M. V. Tanksale.

The scheme is to be unveiled soon. Besides fisherwomen, the bank has also identified women-related activities at various places for extending credit support.

Read more >> Click here