New Delhi, March 15: Speaker of the Delhi Assembly, Vijender Gupta, addressed the social and financial challenges faced by women engaged in informal livelihoods, particularly those working in weekly markets and small street-based businesses.
Gupta emphasized that these women often lack access to formal financial institutions. As a result, they are frequently compelled to borrow small amounts from informal lenders who charge exorbitant interest rates. This leads to severe financial exploitation, with a significant portion of their daily income spent on interest payments.
Speaking at the inauguration of the ‘Madan Das Devi Bhawan’ office and the 159th micro-loan distribution ceremony held by a social group at Upasana Kunj in Rajpura Gudmandi, he noted that the organization aims to empower women with a broader social objective.
He stated that this initiative would strengthen families, ensure children receive education, help families rise above poverty, and allow individuals to lead dignified lives.
Recalling the journey of this initiative, the Speaker expressed personal satisfaction in witnessing the growth of the social group from its early stages. He paid tribute to the vision and dedication of those who shaped and guided the initiative in its formative years, as well as to individuals whose inspiration and commitment laid the foundation for its continued expansion.
Gupta remarked that the ongoing efforts of the organization and its supporters have helped it evolve into a meaningful community-driven initiative focused on social service and grassroots empowerment.
During the 159th micro-loan distribution ceremony, beneficiaries received micro-loans, reaffirming the organization’s commitment to financial inclusion and grassroots entrepreneurship.
He emphasized the importance of philanthropic support and community involvement in strengthening such initiatives and expressed confidence that collective efforts and ongoing public support would further expand the organization’s work in the coming years, creating more opportunities for women’s empowerment, livelihood generation, and social upliftment.
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