NABARD announces support to Srijan Microfinance Business Plan Competition 2008

Published Date
02 - Jun - 2008
| Last Updated
02 - Jun - 2008
 
NABARD announces support to Srijan Microfinance Business Plan Com...

NABARD reaffirmed its commitment towards microfinance in India by announcing its sponsorship support for the annual Srijan Microfinance Business Plan Competition 2008

India's apex development bank NABARD (National Bank for Agriculture and Rural Development) reaffirmed its commitment towards microfinance in India by announcing its sponsorship support for the annual Srijan Microfinance Business Plan Competition 2008, the only microfinance-focused business plan competition in India.

Organized annually by Intellecap, this year the competition is co-organized by Aavishkaar Goodwell and The Financial Express. Srijan plays a unique role of injecting entrepreneurial energy into this fast-growing sector for the past two years. Srijan 2008 seeks to address three priority areas for the microfinance sector: lack of risk capital, knowledge asymmetry, and application of technological innovation for business efficiency. Srijan brings 'mentoring capital' to entrepreneurs and recognizes those capable of building institutions that will accelerate delivery of financial services to the poor. As a platform it helps investors and ideas work together towards creating the desired multiple bottom line impact.

Supporting the initiative, A Ramanathan, Chief General Manager, NABARD said, "NABARD has always been at the forefront of encouraging innovations in the microfinance sector. Having spearheaded the SHG-Bank Linkage Programme, the largest Microfinance Programme in the world, NABARD is constantly looking for new initiatives to take the sector further. We try to identify and support new partners in our endeavor. Intellecap has organized Srijan, an innovative Microfinance Business Plan Competition successfully for the last two years. NABARD has decided to support Srijan Microfinance Business Plan Competition 2008 to help identify and showcase successful microfinance business initiatives in the country."

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