Public-sector banks to launch new schemes to support women entrepreneurs

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Public-sector banks (PSBs) will soon launch tailor-made financial schemes for women, especially entrepreneurs and startup founders, who often fail to attract funding through existing channels, according to people aware of the development. The department of financial services has asked banks to devise a strategy to support women customers as part of the Enhanced Access and Service Excellence (EASE 7.0) reforms agenda, these people said. EASE 7.0 focuses on assessing risk, managing non-performing assets, financial inclusion, customer service, and digital transformation. Women played a key role in the recent general elections, accounting for around 312 million voters. According to pollsters, more women turned out to vote than men, and more women voted for the National Democratic Alliance (NDA), which looks set to form the new government. Read more