SATYA MicroCapital launches the third edition of the Vijayalakshmi Das Entrepreneurship Awards 2023

New Delhi [India]November 1 (ANI/NewsView): SATYA MicroCapital Limited recently launched the third edition of the Vijayalakshmi Das Entrepreneurship Awards 2023 – an awards and recognition platform to congratulate women entrepreneurs at the grassroots level for honoring the “Mother of Indian Microfinance” – Late Vijaylakshmi Das.

The momentous launch took place during the celebration of the end of the 6 years of foundation of SATYA at the Eros hotel in New Delhi.

Dr. Alok Mishra (CEO and Director: MFIN) and Jiji Mammen (Executive Director and CEO: Sa-Dhan) during their opening speeches shared their heartfelt feelings regarding SATYA’s growth trajectory and also motivated everyone to reach a higher state of transformation.

Renowned Indian social activist who has been working for women empowerment for three decades – Padma Shri 2021 Dr Niru Kumar also attended the launch event and applauded SATYA for the remarkable impact he is inducing in women’s lives rural entrepreneurs.

Dr. Arun Kumar Pandey – Orthopedic Surgeon and Assistant Professor at VMMC & Safdarjung Hospital who is also an acclaimed poet has come forward as one of the proclaimed guests for the launch event of Vijayalakshmi Das Entrepreneurship Awards 2023.

Highlighting the essence of the program in more detail, SATYA Board Members – Surekha Marandi, Navin Surya, Dr. Deepali Pant Joshi as well as MD, CIO and CEO – SATYA, Vivek Tiwari also shared their heartfelt thoughts encompassing the poised and courteous personality of Madame Vijayalakshmi Das. . The event witnessed the benign presence of an audience of over 300 made up of SATYA employees and members from across the MFI and BFSI sector.

The Vijayalakshmi Das Entrepreneurship Awards are categorized into four sections: Leader of the Year (One Award), Entrepreneur of the Year Awards – Micro (3), Entrepreneur of the Year Awards – Small (3) and Entrepreneur of the Year Awards – Medium ( 3).

Nominations for the awards opened immediately after the launch. The nomination form is available on the official website of SATYA MicroCapital Limited. The last day for submitting applications is December 31, 2022.

Applicants will be evaluated by a panel comprised of eminent and experienced members operating in the microfinance landscape in India. The winners will be announced on March 8, 2023 – International Women’s Day at an awards ceremony.

Each of these prestigious awards is designed to identify, recognize, influence, inspire, encourage and celebrate the outstanding leadership and achievements demonstrated by women entrepreneurs in the Indian microfinance landscape. This initiative will not only motivate female entrepreneurs to achieve greater heights with flying colors, but will also encourage aspiring female entrepreneurs to improve their standards of business practices to reach a high level of entrepreneurship.

Vivek Tiwari, MD and CEO, SATYA MicroCapital Limited, said, “These awards will provide an impetus to promote and encourage women to participate in business. It is equally important to recognize and celebrate women entrepreneurs at the local level. It’s been 2 years that SATYA recognizes the achievements of women entrepreneurs who have overcome so many obstacles to succeed professionally. Moreover, we are certain to carry on this legacy of the Vijayalakshmi Das Entrepreneurship Awards in the years to come as well.

The MFI offers unsecured microcredit services through cashless transactions to over 10 lakh active clients living in semi-urban rural areas of India for their income generation and future expansion. SATYA has passed several milestones since its inception on 28th October 2016. Having an impressive loan disbursement portfolio worth over Rs 6,800 Crores and currently having over Rs 3,250 Crores in assets under management. SATYA aims to facilitate socio-economic assistance to five million households by 2025. To date, SATYA has established its land footprints in over 37,000 villages across 21 states. Going forward, SATYA is also considering the goal of 5000 Cr AUM by March 2023.

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