The Schwab Foundation for Social Entrepreneurship in partnership with the Jubilant Bhartia Foundation awarded Chetna Vijay Sinha, winner of the 2013- Social Entrepreneur of the Year (SEOY)-India award.

The award was presented by P Chidambaram, Finance Minister of India, in New Delhi on Monday night.

Mann DeshiMahilaSahakari Bank and Mann Deshi Foundation, headquartered in Mhaswad, Maharashtra, aspires to create 1 million rural women entrepreneurs in India by 2020.The group manages three institutions that together help create alternate livelihoods and incomes for rural women: a women-owned rural cooperative bank that extends a range of financial services; a rural mobile MBA school that offers skill and entrepreneurship training; and a chamber of commerce that facilitates market and policy linkages.Professor Klaus Schwab, Founder & Executive Chairman, World Economic Forum, announced the award winner &congratulated all the finalists.

P Chidambaram, Finance Minister,who was the Chief Guest at the Awards Ceremony, applauded the initiatives of all the finalists and congratulated them for their efforts. He appreciated Schwab Foundation and Jubilant Bhartia Foundation for presenting an opportunity to social entrepreneurs to showcase their work by giving them global exposure and an opportunity to network with other corporates.

Chidambaram said, that the 2 per cent pending by India’s corporate sector on Corporate Social Responsibility (CSR)will have a multiplier effect in bringing out greater inclusiveness. With CSR becoming mandatory, there is room for funding the social entrepreneurs. He emphasized that the social entrepreneurship, both for profit and not for profit, is essential for the betterment of the society.  He urged individuals and corporates to take up CSR work earnestly and create better prospects for a socially inclusive society.

Congratulating the winner, Shyam S Bhartia, Chairman & Managing Director and Hari S Bhartia, Co Chairman & Managing Director Jubilant Life Sciences and Founder Directors of Jubilant Bhartia Foundation, said, “SEOY India Award recognizes the efforts of social entrepreneurs  working as change agents for the society through innovation, sustainability, reach and social impact. We are delighted to see the transformative change that the finalists of this year have brought to the society. We convey our heartfelt thanks to Honorable Finance Minister for gracing the event and encouraging the bright minds of the country”.

“India remains one of the most dynamic regions for social entrepreneurship and the India awards consistently attract a high quality of social enterprises,” said Hilde Schwab, Chairperson and Co-Founder of the Schwab Foundation for Social Entrepreneurship. “This year, we were also very excited to see an all-woman finalist pool. They are all working on highly inspiring visions and innovative strategies across critical areas including skills training, livelihoods development, disease control and empowerment of women,” she added.

Over 200 applicants entered the ninth annual Social Entrepreneur of the Year selection process for India, and four finalists emerged after several stages of rigorous assessment. An independent panel of pre-eminent judges met on 11 November to select the winner.

The winner will be invited to join the Schwab Foundation’s global community of over 250 social innovators. Social Entrepreneurs are driven by their mission to create substantial social change and promote inclusive growth, developing new products and service models that benefit underserved communities.

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