Awards

The provided information highlights several significant achievements and awards received by Priyasakhi Mahila Sangh, a prominent organization. Here's a summary of the data in a more concise and readable manner:

1. RBI License: Priyasakhi Mahila Sangh is a recognized licensee of the Reserve Bank of India (RBI) for a depositor education and awareness program.

2. Micro Finance India Award: The organization received the Micro Finance India Award in 2013 for being the "Community-based Micro Finance Organization of the Year." This award was presented by Access Development Services and HSBC.

3. Social Security Schemes: Priyasakhi Mahila Sangh has been actively involved in various social security schemes, including LIC Micro Insurance and PMJJY and PMJMBY Agency, covering over 45,000 lives with insurance totaling Rs 90 crore, primarily benefiting 90% of women from Self-Help Groups (SHGs).

4. Sa-Dhan Membership: Priyasakhi Mahila Sangh is a primary member of Sa-Dhan. Ms. Arti Kushwah, the Chief Executive Officer, served as a board member of Sa-Dhan for the financial years 2015-2017 and 2017-2019.

5. SHG Bank Linkages Program: The organization has promoted over 4,000 SHGs across six districts, providing loans worth Rs 110 million and encouraging savings of Rs 38 crore for the livelihood development of 55,000 women. They employ digital banking systems and benefit from various government programs.

6. 2016 M&A Awards Magazine: Priyasakhi Mahila Sangh received recognition in the 2016 M&A Awards Magazine (MA16037).

• In 2016-17, the organization received several awards from NABARD, Bhopal (MP), including the Best Bank Sakhi Award, Best SHGs Award, and Best SHPI (BIG) Award.

• In the same year (2016-17), Priyasakhi Mahila Sangh was honored with the "Best for Micro Finance - India 2016" award by A.I. Global Media Ltd of the U.K.

• The organization was also recognized at the 5th Annual M&A Awards by Deal Flow in 2016-17. • In 2014-15, they received the LIC India award for the 1st position for their work at the regional level, presented by LIC, Indore (MP).

• In 2013-14, Priyasakhi Mahila Sangh was awarded the Micro Finance India Award by Access Development Services and HSBC, India.

• The organization received the LIC India award for the 2nd position for their regional-level work in 2013-14, again from LIC, Indore (MP).

• In 2011-12, they were recognized with the Best Working Award by LIC, Indore (MP).

In the year 2016-17, Priyasakhi Mahila Sangh achieved remarkable recognition and success, being bestowed with several prestigious awards. These awards, namely the "Best SHGs Award," the "Best SHPI Award," and the "Best Bank Sakhi Award," are a testament to the organization's outstanding accomplishments. Here is a description of these accolades in clear and concise language:

1. Best SHGs Award: Priyasakhi Mahila Sangh received the "Best SHGs Award" in 2016-17. This award acknowledges the organization's exceptional performance in managing and nurturing Self-Help Groups (SHGs). It is a testament to their commitment to empowering and supporting these groups, enabling them to achieve their financial and social goals. The recognition highlights their dedication to promoting self-sufficiency and financial stability among the women involved in these groups.

2. Best SHPI (SHG Promoting Institution) Award: In the same year, Priyasakhi Mahila Sangh was honored with the "Best SHPI Award." This award underscores their significant role as a SHG Promoting Institution. It signifies their excellence in providing guidance, resources, and opportunities to SHGs, enabling these groups to thrive and make a positive impact on the lives of their members. The award is a reflection of the organization's commitment to community development and financial inclusion.

3. Best Bank Sakhi Award: The "Best Bank Sakhi Award" is a notable recognition that Priyasakhi Mahila Sangh received in 2016-17. This award acknowledges their exceptional efforts in promoting and facilitating banking services within communities, especially among women. As "Bank Sakhis," they have played a pivotal role in bridging the gap between financial institutions and the underserved population, particularly women. This award celebrates their dedication to financial literacy and inclusion, ultimately contributing to the economic empowerment of women.

These awards serve as a testament to Priyasakhi Mahila Sangh's commitment to community development, financial inclusion, and the empowerment of women through their exemplary work with SHGs and as facilitators of banking services. The organization's achievements in these areas have earned them well-deserved recognition and honor in the year 2016-17.