Finance Minister Pranajit Singha Roy on Tuesday highlighted the significant role women workers are playing in boosting small savings schemes, revealing that over Rs 500 crore has been mobilized through these initiatives.

Speaking at an event organized by the Small Savings Department to honor women contributors, Singha Roy said, “Financial institutions, including post offices, have facilitated deposits exceeding Rs 500 crore under various small savings schemes. I am delighted to see many women achieving financial independence while also inspiring others to save.”

He added that the event was aimed at recognizing and celebrating women who have excelled in this sector and contributed to society through their efforts.

“The impact of women in this sector is remarkable. Despite earning modest commissions—ranging from 0.5 percent to 5 percent depending on the scheme—they continue to play a crucial role in promoting savings among the public,” he noted.

Singha Roy also lauded Prime Minister Narendra Modi for his emphasis on women empowerment, emphasizing that small initiatives like these encourage greater participation of women in financial activities.

Finance Secretary Apurba Roy and other senior officials attended the ceremony.