Bal Vikas Bank (Children’s Development Bank)

Today I was read about a interesting Bank called BAL VIKAS BANK, the bank has four branches in Delhi (Fatehpuri,Okhla, Nizamuddin Dargah and Bhogal) and some counters in Bihar and they are planning to open more branches, and very interesting thing about this bank that, its run by street children’s, and for street children’s. This bank founded by 24 children’s in 2004 and now days it becoming popular in Delhi and Bihar. The two organizations help the bank, Mahila Vikas kandra and Butterflies (Delhi NGO).And I was surprise that the only streets children are account holders of this bank like- picking garbage from streets, works in cycle shops etc., In this Bank have more than 1200 account holders and more than 25 lakh deposit, and they also provide interest on deposit and loan to their account holders or poor children’s. Only below 18 years children’s can open their account in this bank. After 18 years they can open their account in other bank, and in this bank they can deposit minimum 5 rupee or maximum 500.

Now come on strategic part of this bank, I was very surprised after read this news because nobody wants to help street children’s except few, and by that way they are proof themselves and becoming self dependent and also making country strong. Because they motivate themselves for saving, and saving is best way to become financial strong. If we see this bank this is very innovative and unique and we can learn many things by this bank. They are set the example front of us that if we want to do something in life we can do. (Best of luck for their future)