Chetna Gala Sinha

Chetna Gala Sinha

Founder

Founder of Mann Deshi Foundation

Photo: Wikimedia (CC BY-SA)

Chetna Gala Sinha is the founder of Mann Deshi Foundation (1996)[1], an Indian non-profit working on livelihood and women & children from Mhaswad.

Chetna Gala Sinha is an Indian social entrepreneur and banker who founded the Mann Deshi Foundation and the Mann Deshi Mahila Sahakari Bank, a co-operative bank owned and run by rural women in Mhaswad, a drought-prone part of Satara district in Maharashtra.

She set up the foundation in 1996 and the bank in 1997 after a local woman who worked as a blacksmith was refused a savings account because the sums involved were considered too small. The bank and the foundation now provide savings, credit, business training and enterprise support to rural women micro-entrepreneurs.

Early life and education

Sinha was born in 1958 in Mumbai and took a master's degree in commerce and economics from the University of Mumbai in 1982. She was involved in student politics and in the Bihar movement led by Jayaprakash Narayan, and later moved to Mhaswad after marrying the farmers' rights activist Vijay Sinha.

Career

Sinha founded the Mann Deshi Foundation in 1996 to work on the economic and social empowerment of rural women. The following year she applied to the Reserve Bank of India for a licence for a co-operative bank owned by rural women. The application was refused on the ground that several of the promoting members could not read or write. The women organised literacy classes, learned to calculate interest, and the application was granted at the second attempt, making Mann Deshi Mahila Sahakari Bank the first co-operative bank in India run by and for rural women.

The bank lends to women running small businesses, including street vendors, farmers, goat rearers and small manufacturers. By 2018 it reported around 100,000 account holders and cumulative lending of tens of millions of dollars.

Alongside the bank, the Mann Deshi group runs business schools for rural women, a chamber of commerce for women micro-entrepreneurs, a community radio station, a sports and development programme for girls, and a cattle camp providing fodder and water during droughts.

Recognition

Sinha is a fellow of the Schwab Foundation for Social Entrepreneurship, an Ashoka Fellow and a Yale World Fellow. In January 2018 she was one of seven women who co-chaired the 48th annual meeting of the World Economic Forum at Davos. She has received the Nari Shakti Puraskar, the Government of India's national award for women.[2][3][4][5]

Mann Deshi Foundation

Mann Deshi Foundation trains rural and semi-urban women in business skills, financial literacy and entrepreneurship, working alongside the Mann Deshi Mahila Sahakari Bank founded by Chetna Sinha in Mhaswad, Maharashtra.

Mann Deshi Foundation reports the following, on its own site:

  • 400,000 women have participated in the women's empowerment programmes
  • 90,000 accounts with the Mann Deshi Sahakari Bank
  • 50,000 people in the community have benefitted from access to clean water
  • 9,000 girls benefited through the bicycle programme to ensure access to schools

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