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ISSN 2063-5346
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AN ALL WOMEN’S BANK FOR THE POOR- KONOKLOTA MAHILA URBAN CO-OPERATIVE BANK LTD

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Ipshita Kashyap1*, Dr. Pranjal Pratim Dutta
» doi: 10.48047/ecb/2023.12.si5a.0116

Abstract

A Bank is a financial institute that receives deposits and make loans. Since banking is a business they work with a motive to make money. A Bank majorly earns money from the difference between the interest rate they pay for deposits and the interest rate they receive on the loans they make. This paper is focused upon a cooperative bank. A co-operative bank is a type of the different Banks functioning in India. Co-operative Banks are a small sized bank where the members are its owners as well as customers. It is regulated by the Reserve Bank of India and are registered under the States Cooperative Societies Act. A co-operative Bank is set up with the objective of financial inclusion. It is often seen that there is a lack of banking habits among the poor. The Konoklota Mahila Urban Co-operative Bank Ltd. is an all women’s Bank and the first and only all women’s Bank in north east India till date. This Bank is an asset for the region for the tremendous services it gives to the poor. From building a banking habit among the poor to its contribution towards women entrepreneurship this Bank plays a remarkable role in the region. This paper has two objectives. Since a co-operative sector is generally considered a sick unit the primary objective of this paper is to study the financial position of the Bank. The second objective is to study if the poor are Bankable. The Bank is located in Jorhat District of Assam hence the study area of this paper is also confined to Jorhat District located in upper Assam. The statistical tools used for the study are Multiple Regression and Trend Analysis. Both primary and secondary sources are to be used to collect the data required for the study. The time period taken for the study is for 10 years. The study concludes that Konoklota Mahila Urban Co-operative Bank Ltd. is a successfully running co-operative Bank in respect to a good financial position and that the poor are bankable.

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