Empowering women through banking innovation” With the knowledge of innovation a special reference to self help group

In India, though women are playing key role in the society, as banks are playing a major role in scripting India's growth story, bringing the much-needed change across the country, they are also playing a vital role in women empowerment. Being the primary pillars of the Indian economy, banks have a pivotal role to play as far as women empowerment is concerned. Be it the schemes pertaining to educational financing at early age or financial assistance for setting up a source of livelihood; banks are important in enhancing financial inclusion of women in the Indian economy. Indicating a positive trend, participation of women in the banking sector has inflated over the years. Banks are one of the primary pillars of Indian economy and, therefore, are an ideal agent to play a pivotal role as far as women empowerment is concerned. Public sector banks, which have their presence even in the remote corners of the country, have traditionally been first and foremost support structure for women as far as their financial needs are concerned. All major public sector banks have announced women centric and women only financing and loan schemes that offer financing opportunities at concessional interest rates and relaxed loan rules. Being the primary pillars of the Indian economy, banks have a pivotal role to play as far as women empowerment is concerned. This paper argues that research on banking innovation in different sectors. Furthermore, given the lack of research on women's contribution in banking, this paper suggests other possible areas of study to advance this field of research. It brings together the literature on women empowerment and banking innovations. This paper is to wish to examine aspects related to women in banking structure. This paper also shows the importance of women in social, political and basic problem faced by women in banking. The purpose of this study is intended to find out various motivating and de-motivating internal and external factors of women empowerment through banking innovations. It is an attempt to calculate some for non parametric factors to give the sense of ranking these factors. It will also suggest the way of eliminating and reducing hurdles of the development. The main purpose of this paper is to find out the status innovation women empowerment through banking.