Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman has set a dynamic new course for women entrepreneurs in India by launching five exclusive Nari Shakti branches of Union Bank of India. In her address, Sitharaman called on women business owners to seize the chance to fuel job creation and drive India’s economic future. By tailoring financial support to women’s unique business needs, these branches aim to empower female-led ventures, strengthen financial inclusion, and boost growth in the small business sector.
The new branches—opened in Bengaluru, Chennai, Visakhapatnam, and Jaipur—focus on offering more than just credit. They will serve as hubs for skill-building, mentorship, and essential advisory services designed to help women entrepreneurs launch and scale their businesses. In addition to financing women-owned manufacturing and service enterprises, these branches will host startup workshops, provide networking opportunities, and foster collaborations among women-led ventures.
Finance Minister highlighted the need for these branches to use technology-driven, cluster-based solutions tailored to regional industries, ensuring financial services remain accessible, efficient, and responsive to the local economic landscape. She encouraged women to harness these resources, positioning Nari Shakti branches as catalysts for innovation and enterprise.
By championing this initiative, Union Bank aligns with India’s ambitious vision for gender equality in economic participation. As more women leverage these resources to start and expand businesses, India’s drive for inclusivity and economic empowerment accelerates, paving the way for stronger female representation in the country’s entrepreneurial landscape.
