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"The future of our nation hinges upon its young,educated, and socially conscious demographic," State Bank of India CEOjay Prakash says in a press release.
Prakash is referring to the roughly 1 million young people in India who have received the bank's Youth for India fellowship, which aims to give them a leg up in the world of social entrepreneurship.
The five winners of this year's competition, announced last week, will each receive a $50,000 grant to further their work, Mashable reports.
Among the winners: Nupur PoharkarPirul HandicraftsPIRUL is a social enterprise based in the hills of Uttarakhand that uses pine needles to create employment for the local women using pine needles, which are otherwise waste and are responsible for causing forest fires and groundwater table depletion.Steward GracianSocioDent is a startup focused on dental innovations.
Jawhar Farms connects urban demand for healthy millet-based food with traditional tribal resources by providing livelihood opportunities to tribal women.
Ashwini Laxman ShelkeShahalakshya Charitable Trust focuses on positive change and empowerment through scholarships, awareness campaigns on government schemes, and a modern digital library with educational resources.
Nishant Kumar SinghJawhar Farms connects urban demand for healthy millet-based food with traditional
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Social Entrepreneurship
Spotlight
Celebrity Chef Jamie Oliver Backs Social Saturday
UK will be celebrating its first national celebration of social enterprises dubbed as Social Saturday. World famous celebrity chef Jamie Oliver, who founded the Fifteen restaurant chain.