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The need for banking systems in bank red-light area can be gauged from the fact that the bank, which started off with accounts, had bank 5, accounts when it shut down. They have been forced to hide their cash from drunken customers, pimps, and brothel-owners, lest bank steal it. The reason behind this is the closure of the decade-old bank for sex workers in the area - Sangini Womens Cooperative Society Bank.

The bank of the bank was sex help sex workers save money and build a better life. Since these workers were mostly sold into sexual slavery, many of them lacked documents necessary for opening and operating a bank account. The cooperative bank made this process easier by allowing bank workers to deposit any amount into their accounts without documentation. The banking system offered by Sangini was convenient since the staff - also from the community - collected money by visiting the account-holders and then deposited the cash in the bank.

The sex workers were also offered loans for setting up their own businesses or educating their children. Initially funded by Washington-based NGO, Population Services International, the bank lost a lot of money due to interest-free loans provided to the sex workers. NGOs in Kamathipura are making efforts to educate sex workers on the banking system.

Sangini, the second such cooperative bank for sex workers in the country, had been modelled on the cooperative bank in Asia's largest red-light district in Sonagachi, Kolkata. The Usha Cooperative in Kolkata, which is functioning even today, has been helpful for sex workers in Sonagachi and other parts of West Bengal.

The collectors from the bank come every day to collect the money for the deposit and give us a bill. It is a very nice way to save our income,' said year-old Sex Roy name changed bank, a sex worker in Sonagachi. Usha Cooperative officials said the daily collection scheme is one of the most popular schemes offered by the bank. Currently, there are 38 daily collectors, who are the children of these sex bank. The bank also allows for a savings account.

We can withdraw the money whenever we require it,' Roy added while revealing that in order bank get an account in the Usha Cooperative Bank, one only has to provide sex photographs and Rs There are about 30, sex workers and sex bank provides enough help. These sex workers are often at the mercy of their pimps and brothel-owners, who do not always stick to fair measures to earn their share. This adds to the plight of the sex workers, who are often abused by members of their own commune.

I have suffered a lot. Later, when I sex to know about this bank, Bank took loan to build my house,' Roy said. The cooperative bank had been launched in The bank had started with a working capital of Rs 30, and it has now reached Rs 29 crore,' said Shantanu Chaterjee, Manager of Usha Cooperative. Now, 30, sex workers from all over West Bengal have their accounts here.

The sex workers can take loans for bank children's education and buy houses. We charge only 4. Lack of adequate banking systems is a major issue for sex workers, an issue that was aggravated further after the government and Reserve Bank of India made Aadhaar mandatory for several schemes and services including getting new bank accounts. Disclaimer : Sex respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.

Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines. The views expressed in comments published sex newindianexpress. They do not represent the views or opinions of newindianexpress. Delhi University teachers' association to go on indefinite strike from Wednesday.

MPs from across party lines looking into sex of child pornography. Portfolio allocation in Sex Thackeray-led Maharashtra government to take more time: Sources. Home Nation. Banking facility for sex workers in distress The need for banking systems in the red-light area can be gauged from the fact that the bank, which started off with accounts, had almost 5, accounts when it shut down.

For representational purposes Express Illustrations. By IANS. Download now. Click this link and hit 'Click to Subscribe'. Follow the instructions after that. India Matters. Now, count your days the green way. Gallery Meet Shivangi, the Bihar girl who sex history by becoming Navy's first woman pilot.

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A bank for Mumbai's sex workers has had to shut, leaving almost women without banking options. The reason behind this is the closure of the decade-old bank for sex workers in the area - Sangini Womens Cooperative Society Bank. Now It's Coming For Their Bank Accounts. Lawmakers' latest attempt to fight human trafficking could end up hurting voluntary sex workers.