SKOCH Markets Award

Stock markets are often referred as barometer of the economy. Performance of the stock exchanges reflects economic opportunities and the fundamentals. Indian stock market is among the oldest and diversified. Two prominent Indian market indices – Sensex and Nifty – are globally followed and tracked for investment decisions. India’s market capitalisation is almost equal to the country’s gross domestic product (GDP). There has been exuberance in Indian stock markets in the recent years. SKOCH Markets Award is aimed at identifying excellence and setting benchmark among
different stakeholders of the markets.

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SKOCH Mutual Funds Award

Mutual funds business in India has expanding at a healthy pace in the past two decades. However, its penetration remains low. It is nowhere close to the advanced economies. Mutual fund asset under management to GDP ratio in India stands at around 7 per cent. Compare it with the advanced economies: in the United States it is 91 per cent; in UK it is 51 per cent. In Australia the size of mutual fund AUM is bigger than the GDP, the ratio stands at 114 per cent. Out of the total investments in financial assets by Individual Indians, mutual fund accounts for just 3.4 per cent. 85 per cent of the investments in mutual funds come from top 15 cities. Mutual fund is clearly not a preferred investment option for majority of Indians, especially in smaller cities and rural India. This is because of the lack of financial awareness. India is among the fastest growing economies in the world. The stock markets performance has been among the best in the world. Mutual fund is an important instrument to ensure that the benefits of the economic expansion and markets growth percolate down to the masses. SKOCH Mutual Fund award is aimed at creating mass awareness through creating benchmarks and identifying excellence in the industry.

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SKOCH Governance Award

Skoch Governance award is an initiative recognising top performing government departments and organisations working with the government, operating at national, state, local and level for the best practices and models of governance and excellence in implementation of programmes and service delivery. A catchphrase ‘Minimum Government, Maximum Governance’ fired the imagination of Indian voters in the 2014 general elections. Narendra Modi rose to power on the promise of a clean, transparent and efficient government. With less than a year to go until the next General Elections, it is time to do an outcome-based evaluation of the State of Governance and present a report card of ‘Minimum Government, Maximum Governance’. While there are several initiatives to do an input and target achievement-based assessments, we believe that the barometer of good governance can only be ‘outcomes’.

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SKOCH Mutual Funds Award

Skoch Governance award is an initiative recognising top performing government departments and organisations working with the government, operating at national, state, local and level for the best practices and models of governance and excellence in implementation of programmes and service delivery. A catchphrase ‘Minimum Government, Maximum Governance’ fired the imagination of Indian voters in the 2014 general elections. Narendra Modi rose to power on the promise of a clean, transparent and efficient government. With less than a year to go until the next General Elections, it is time to do an outcome-based evaluation of the State of Governance and present a report card of ‘Minimum Government, Maximum Governance’. While there are several initiatives to do an input and target achievement-based assessments, we believe that the barometer of good governance can only be ‘outcomes’.

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SKOCH Challenger Award

Skoch Challenger Awards, instituted in 2003, salute people, projects and institutions that went the extra mile to make India a better nation. Skoch Challenger Awards – the highest independently instituted civilian honours – have been conferred, the mighty and the ordinary have shared this platform for their extraordinary achievements in contributing to the society.

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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.

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SKOCH Achiever Award

The MSME sector contributes 9 per cent of GDP and is the most crucial link between India’s economic growth and socio-economic progress. As per the 4th MSME sector
report, this sector employs an estimated 59.7 million persons spread over 26.1 million enterprises. It is estimated that in terms of value, MSME sector accounts for about 45 per cent of the manufacturing output and around 40 per cent of the total export of the country. But, policies and programmes often tend to overlook this crucial sector. Many SMEs have risen against all odds to carve a niche for themselves. In recent years the MSME sector has consistently registered higher growth rate compared to the overall industrial sector. With its agility and dynamism, the sector has shown admirable innovativeness and adaptability to survive the recent economic downturn and recession. The Skoch Achiever Award seeks to recognise and honour such outstanding SMEs to promote enterprise and entrepreneurship.

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SKOCH Financial Inclusion & Deepening Award

Skoch Financial Inclusion & Deepening Award recognises best practices in the financial sector contributing to the economic growth of India. Financial institutions and organisations which have reached wider areas and covered marginalised sections, met the credit needs of entrepreneurs and small enterprises, secured transactions and afforded money security are some such best practices that are analysed. Skoch’s recognition of these efforts has helped policymakers and civil society in gaining useful information.

A vast majority of Indians are excluded from banking and the rate of bank branches per population is abysmal. About half the people of India do not use formal financial services to save or borrow. Less than 20 per cent of the population has any kind of life insurance and 9.6 per cent any kind of non-life insurance coverage. Skoch Financial Inclusion & Deepening Award recognises the efforts of banks, financial institutions, microfinance institutions and NGOs in contributing to inclusive growth through providing financial services to the socially and economically excluded sections of society. The Award acknowledges best practices in the area of financial inclusion through better access to financial products and services to all sections of society, and marginalised sections in particular.

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SKOCH Smart Technology Award

The SKOCH Smart Technology Award 2015 is an initiative towards recognising top performing Technology Users, Technology Implementers & Technology Providers across sectors, organisations and departments. These include, amongst others, Central and State Government Departments; Financial Sector; Municipal Corporations; Smart Cities; State Owned Enterprises; State Government Undertakings; Private and Multinational Organisations; and, Organisations engaged with the Government – operating at local, state and national level.

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SKOCH S Ramadorai Award

The SKOCH S Ramadorai Award was awarded to Mr R S Sharma, Chairman, TRAI

He was the first person invited by Nandan Nilekani to join UIDAI as its Director General to assume the task of giving identity to each citizen of India called Aadhaar. A task, which was not only daunting, but seemed difficult to achieve given the country’s geographical challenges. But he braved – today 915 million Indians have Aadhaar, which is now integrated with the banking system and Direct Benefit Transfer. Grit, commitment and passion with vision are the virtues that R S Sharma has been endowed with, that have exemplified through his career. Earlier as Secretary–IT and later on as Chief Secretary-Jharkhand, he put the state on the national e-governance and competitiveness map leaving an indelible mark on the state, as it continues to leapfrog. As Secretary-DeitY, he was instrumental in re-architecting the National e-Governance Plan to integrate it with Digital India and guided its implementation roadmap.

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SKOCH Renaissance Award

The SKOCH Renaissance Award is conferred on corporate organisations which demonstrate outstanding leadership through sustainable practices and sensible corporate social responsibilities. Starting from job creation to environmental comradeship, the awardees show continuous commitment to improve the communities in which they operate. Selection criteria includes: demonstration of greatest impact on quality of life, sustainable development, innovative approach, community impact and employee-led initiatives. The Award is a testimony to the possibility of linking business with corporate responsibility.

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