SKOCH Financial Inclusion Award

SKOCH Financial Inclusion Award

Overcoming financial exclusion is not just a necessity for bringing about equitable distribution of resources but also a prerequisite for taking Gross National Product (GDP) growth rate into a double digit. SKOCH Financial Inclusion Awards recognise the initiatives of banking, insurance and housing institutions, public sector units and private companies to usher financial literacy, gender empowerment, SHG bank linkage, micro finance, micro credit and micro insurance into the society to foster inclusive growth with human face and justice. The underlying theme of SKOCH Financial Inclusion Awards is the role of banks in bringing the unbanked onboard and promoting financial education, micro enterprises to provide livelihood to disadvantaged, weaker sections, women and tribals and innovative payment solutions for the poor migrant workers who face enormous difficulty in sending remittances back home.

The awards were conferred on the Financial Inclusion Day 2012 held on 5th January 2012 in New Delhi. These were given away by the hands of C Rangarajan, Chairman, Prime Minister’s Economic Advisory Council, N C Saxena, Member, National Advisory Council & Distinguished Fellow, SKOCH Development Foundation and Prakash Rane, Managing Director, ABM Knowledgeware. The Financial Inclusion Day and SKOCH Financial Inclusion Awards have emerged as the singular leading platform that promotes the need for financial inclusion to mainstream the marginalised and push economic growth of the country to a higher trajectory.