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Industry News
ACCESS Development Services and HSBC announce '“HSBC ACCESS Microfinance India Awards”'
Posted On : 2009-09-17 10:56:57( TIMEZONE : IST )
An initiative to recognise institutions and individuals who have made significant contribution towards upscaling microfinance sector in India
New Delhi 17th September, 2009: ACCESS Development Services and the Hongkong and Shanghai Banking Corporation Limited have announced the institution of the Microfinance India Awards.
The Microfinance India Awards will recognize the contribution of institutions and individuals who have made significant contribution towards upscaling the microfinance sector in India. The Awards will be presented on the inaugural day of the Microfinance India Summit – October 26, 2009.
The sixth in a series of annual summits organised by ACCESS Development Services, this year's Microfinance India Summit will be held from October 26-28, 2009 at Taj Palace Hotel, New Delhi.
The Awards carry cash value of Rs. 100,000 each, a silver plaque and a citation.
The Microfinance India Awards have two sub-categories:
1. Institution of the Year
The Award seeks to recognise pioneering initiatives and/or best practices of an institution. Representative parameters for growth achieved, potential to upscale operations and process/product/technological innovation towards achieving financial inclusion will be some of the important considerations.
Institutions are required to self-nominate.
2. Contribution to the Sector
This is a long-term achievement award to honour significant contribution of an individual to issues in the microfinance sector. This Award will recognise the dedication of the professional to the sector over and above the immediate sphere of his / her organisation through active involvement in influencing policy interventions and sector building efforts.
We welcome the microfinance community to nominate individuals who have made long term contribution to the sector. Peer nominations are invited.
The distinguished Jury panel will be chaired by Ms. Naina Lal Kidwai, Group General Manager and Country Head, HSBC India and Mr. Malcolm Harper, Professor Emeritus, Cranfield University. The eminent members of the panel consist of Mr. Brij Mohan, Chairman, ACCESS Development Services, Ms. Vijayalakshmi Das, Friends of Women’s World Banking and Mr. Swaminathan A. Aiyer, Consulting Editor, Economic Times.
On the announcement of the awards, Mr. Vipin Sharma, CEO, ACCESS said “The microfinance sector in India has significantly evolved over the last 15 years and today represents about 36% of the poor served by microfinance globally. It is an appropriate time to recognize the contribution of those individuals and institutions that have helped in the development of this sector.”
Malini Thandani, Head of Communications and Corporate Sustainability at HSBC said “HSBC is very happy to be the key associate in the Microfinance India Summit and the Microfinance India awards. In India, unlike other countries, banks have played a key role in upscaling the microfinance sector. HSBC strongly advocates financial inclusion and has made sizeable loans to Microfinance Institutions to help them expand their outreach.”
The deadline for receiving completed nomination forms is September 30, 2009. The final winners will be announced on October 22 based on the Jury’s recommendations.
The nomination forms and complete information is available on the Microfinance India Summit website: http://www.microfinanceindia.org.
In case of queries, mail us at: faq@accessdev.org
