In India, bank for beggars is run by its members
We’re constantly looking for innovative ways to improve the Springwise experience, and so we’re now introducing BeeLine Reader, a new technology that helps you read more quickly and efficiently. To learn more about BeeLine Reader, an award-winning startup funded by Intel Capital, see BeeLineReader.com.
In the city of Gaya in India, a group of beggars, encouraged by officials from the State Society for Ultra Poor and Social Welfare, have set up an autonomous bank, which they run and manage themselves — enabling members to start saving, and providing them with a place to turn in times of financial crisis.
Spotted another good idea???
Join our network and earn rewards