Finance minister. P Chidambaram will present awards to
the winners of the ''Citigroup micro entrepreneur awards
2004'' on February 1 in New Delhi. Yesterday, Sanjay Nayar,
Citigroup country officer, India and area head, Sri Lanka
and Bangladesh, had announced the list of 12 below-poverty-line
micro entrepreneurs selected for the awards.
The awards recognise the entrepreneurial skills and exemplify
the spirit of the winners who have exhibited best performance
to emerge from below the poverty line to become self-sustaining
micro entrepreneurs and contribute meaningfully to society.
to Citigroup''s Nayar, "We take great pride in the
fact that we have been able to establish successfully,
a platform, where recognition can be given to key performers
who have set up enterprises successfully through access
in three different categories the ''national micro
entrepreneur award'', the ''national runner-up award'' and
the ''socially responsible micro entrepreneur'', the winners
were adjudged by a national jury of eminent personalities.
being earmarked as the ''international year of microcredit''
by the United Nations, Citigroup India conceptualised
these awards, which were implemented by Partners in Change
(PiC), a non profit organisation, through a grant support
of $60,000 from Citigroup Foundation.
winners were selected on the basis of an evaluation by
the Indian Institute of Management at Bangalore and Kolkata,
Faculty of Management Studies, Delhi, and S P Jain Institute
Research and Management, Mumbai, appointed as screening
organisations in each region.
entries were selected by a jury comprising N K Singh,
former finance secretary, Dilip Ranjekar, CEO, Azim Premji
Foundation, H N Sinor, chief executive, Indian Banks Association,
Gautam Thapar, VC & MD Ballarpur Industries, S K Tamotia,
CEO, Indal and M. S. Thimappa, vice chancellor, Bangalore
According to Sarvesh Sarup, Consumer Bank Head, Citigroup,
"Microfinance is making a positive impact on the
household budgets and quality of life for thousands of
people in India. We are delighted to take the lead in