Citi Micro Entrepreneur Awards 2011 honors individual enterprise

Microfinance Focus, December 6, 2011: The Citi Micro Entrepreneur Awards 2011 recognized nine micro entrepreneurs and a community owned enterprise at a ceremony presided over by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India. The Citi Micro Entrepreneur Awards 2011 received over 800 applications from 77 nominating organizations. There were 74 % women nominations and four new categories introduced – youth, green, innovative and community owned enterprise.

The 2011 awards took into account geographical, socio-economic nuances and highlighted innovative, youth and green entrepreneurs for the first time. The national winner for the individual micro entrepreneur is Charulata Swain. Awards were also given to individual micro entrepreneurs on a regional basis. The winner for the south region is P.Madan, for west is Godavari Shankar Satpute, for north is Nazma Bano, for east is Padmini Jena and for northeast Karabi Rajbonshi.

The youth entrepreneur award was given to Sumaiya Khatun. The green entrepreneur award was awarded to Gakanan Bhaurao Bhasme and the innovative entrepreneur award was awarded to W. Memi Devi. Lastly, the winner of the community owned enterprise is SADHNA, a mutual benefit trust.

The awards program has grown to become a global initiative at Citi that acknowledges entrepreneurial skills and exemplifies the spirit of micro entrepreneurs who have overcome economic and social challenges to successfully build self-sustaining micro enterprises. It is also the first initiative to recognize the growing number of enterprises owned collectively by local communities in India.

In a process that took over six months, this year the awards team, led by Women’s World Banking (WWB), India and supported by MicroSave, received over 800 applications nominated by 77 organizations from across 20 states and 2 Union territories. 74% of those nominated were women. Uttar Pradesh, Odisha and Maharashtra contributed the highest number of nominees at 470 applications.

Chaired by Dr. Isher Judge Ahluwalia, Chairperson, Indian Council for Research on International Economic Relations (ICRIER), the 2011 Governing Council comprising of five eminent personalities deliberated over the final 30 shortlisted nominations to adjudge the winners. The 10 winners received cash prizes totaling Rs. 1.87 million, a trophy and a citation. The winners will also be trained in business development, to enable them to manage their enterprises more efficiently.


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