Chetna Sinha
Chetna Sinha was born in Mumbai, Maharashtra, India on March 21st, 1959 and is the Indian Activist. At the age of 65, Chetna Sinha biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
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Sinha grew up in Mumbai in the 1970s and 1980s in the heyday of political activism. While in college—she did her BCom and has a master's in economics from Mumbai University—she was drawn to Jayaprakash Narayan's brand of socialist politics.
She suffered her first setback when the Reserve Bank of India rejected her application, in 1996, on the grounds that some of the promoting members were non-literate. Sinha came back to the village dejected, but the other villagers pushed her to organise literacy classes. In five months, Sinha went back to the bank with a fresh application and the women from the village.
She is the founder and chairperson of the Mann Deshi Mahila Sahkari Bank, a microfinance bank which lends to women in rural areas. She is also the founder and president of the Mann Deshi Foundation. Mann Deshi Mahila Sahkari Bank was the first bank in the country for and by rural women to get a cooperative license from Reserve Bank of India. In the two decades since the bank was set up (in 1997) with a working capital of ₹708,000 raised from among its 1,335 members, it has reached over 310,000 women (84,000 among them borrowers), providing them with the financial backing and emotional impetus to become successful entrepreneurs.
The drive remained relevant even after two decades, when Prime Minister Narendra Modi announced demonetisation last November, leaving the local vendors in the lurch: Some sold their wares for whatever they could, way below the market prices, some others gave away their ₹500 notes for a lower value. Mann Deshi officials collected coins from the State Bank of India and went from door-to-door and in the weekly markets to exchange them for old ₹500 notes.
The Mann Deshi Foundation also runs financial literacy classes, where women are taught the ropes of savings, investing, insurances and loans through modules that comprise games like Monopoly. According to the Foundation, there has been an increase of ₹13,200 in the average annual income of rural women after they’ve taken business development classes at the school.
Chetna Sinha and six other women chaired the 48th Annual Meeting of the World Economic Forum in Davos-Klosters, Switzerland, on 23–26 January 2018. The exclusive women's team included: Sharan Burrow, general-secretary, International Trade Union Confederation (ITUC), Belgium; Fabiola Gianotti, director-general, European Organisation for Nuclear Research (CERN), Geneva, Switzerland; Isabelle Kocher, CEO, ENGIE, France; Christine Lagarde, managing director, International Monetary Fund, Washington DC; Ginni Rometty, chairman, president and chief executive officer, IBM Corporation, US; and Erna Solberg, Prime Minister of Norway.
Today, the Mann Deshi Bank has 100,000 account holders, has loaned over $50 million and regularly creates new financial products to support the needs of female micro-entrepreneurs. Mann Deshi runs Business Schools, a Community Radio and a Chambers of Commerce for rural women micro entrepreneurs. To date, it has supported nearly half a million women.
She is an Ashoka fellow.
- "Entrepreneurship Development Award" on 29 July 2010 by Entrepreneurs’ International, Pune.