Vijaya Bank, the Karnataka-based bank has decided to open three all women branches in Delhi, Mumbai, Bangalore. The lender is also offering 25 basis point interest concessions for women entrepreneurs, in the MSME advance. Moreover, 25% of credit guarantee fund trust for micro and small enterprises (CGTMSE) fees in respect of women entrepreneurs will be borne by the bank.
The bank will also open all women urban micro finance branch in Bangalore and all women micro finance branches at Mandya, Dharwad and Haveri. It is also adopting one girl child for financially supporting her education till graduation in all the semi-urban and rural branched to be opened by the bank in FY 2013-14.
