Thursday, June 26, 2014

Does India Really Need a Women-centric Bank?

........... The four key elements of empowerment according to the World Bank are access to information, inclusion and participation, accountability, and local organizational capacity. While economic factors do certainly play a role in improving a women's financial position, the context within which empowerment occurs is also important for understanding whether a particular intervention has been effective. When it comes to financial transactions, strong patriarchal norms may reduce the role of women to a mere conduit for accessing loans and banking services, rather than effecting any real change in the prevailing social structure. A woman's "emancipation" may remain contingent..........

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