Sa-DHAN Elects Mr. Ganesh Chandra Modak to Board: A New Chapter in Microfinance Leadership

In a significant development for the microfinance sector, Sa-DHAN, the esteemed association of Microfinance and Impact Finance Institutions, has announced the election of Mr. Ganesh Chandra Modak as a Board Member. Mr. Modak, the Managing Director of Grameen Shakti Microfinance Services (P) Ltd, brings a wealth of experience and a strong commitment to financial inclusion and community development.

About Sa-DHAN

 

Sa-DHAN, appointed by the Reserve Bank of India (RBI) as a Self-Regulatory Organization (SRO) for Microfinance, plays a pivotal role in promoting responsible and sustainable microfinance practices in India. As a leading voice in the sector, Sa-DHAN’s mission includes advocating for policy changes, enhancing industry standards, and supporting member institutions in their efforts to provide financial services to underserved communities.

 

The Role of Sa-DHAN

 

Sa-DHAN’s responsibilities are multifaceted, ranging from ensuring compliance with regulatory standards to fostering innovation within the microfinance ecosystem. As an SRO, it holds its members to high standards of transparency, accountability, and ethical conduct, thereby ensuring that microfinance institutions (MFIs) can serve their clients effectively and responsibly.

Mr. Ganesh Chandra Modak: A Visionary Leader

 

Mr. Ganesh Chandra Modak’s election to the Sa-DHAN Board marks a milestone for the organization and the broader microfinance sector. Under his leadership, Grameen Shakti Microfinance Services has made significant strides in promoting financial inclusion and empowering marginalized communities through livelihood loans and other financial services.

 

Grameen Shakti Microfinance Services: A Legacy of Impact

 

Grameen Shakti, since its inception, has been at the forefront of the microfinance movement in India. The organization’s core mission is to extend financial services to the unbanked and underbanked, offering them the tools needed for economic self-sufficiency and improved quality of life. Through microloans, savings programs, and other financial products, Grameen Shakti has enabled thousands of individuals to start and grow businesses, secure better education, and improve their living conditions.

The Importance of Leadership in Microfinance

 

Leadership within the microfinance sector is crucial for addressing the myriad challenges faced by low-income populations. Leaders like Mr. Modak are instrumental in driving innovation, fostering sustainable practices, and ensuring that MFIs can adapt to changing economic conditions while staying true to their mission of social impact.

 

With Mr. Modak on its Board, Sa-DHAN is well-positioned to leverage his expertise and insights to further its goals. His track record at Grameen Shakti is a testament to his ability to balance financial performance with social objectives, a critical skill set for any leader in the microfinance sector.

Looking Ahead

 

The election of Mr. Ganesh Chandra Modak to the Sa-DHAN Board is a positive development for all stakeholders in the microfinance industry. It signals a commitment to strengthening the sector’s leadership and governance, ensuring that microfinance continues to play a transformative role in India’s socio-economic landscape.

 

As Sa-DHAN continues to advocate for and support microfinance institutions across the country, the inclusion of visionary leaders like Mr. Modak will be invaluable. Their combined efforts will help pave the way for a more inclusive and equitable financial system, where everyone has the opportunity to thrive.

 

The addition of Mr. Ganesh Chandra Modak to the Sa-DHAN Board is not just a personal achievement but a strategic move that promises to enhance the organization’s impact. His leadership will undoubtedly contribute to the ongoing efforts to bring financial services to those who need them most, fostering a brighter future for India’s marginalized communities.

129 comments

    1. Congratulations Sir. It’s a well deserved accomplishment which will the entire Micro Finance industry with your experience and knowledge.

  1. “Heartfelt congratulations to you, Sir,on your outstanding achievements !Your dedication and vision have led the company to remarkable success. We’re proud to work under your leadership. “

  2. Congratulations sir🎉🎉🎉feeling really proud to be a part of Grameen Shakti 🥰🥰🥰

  3. Congratulations Sir for this achievement & feeling proud that I am also one of the employee of Grameen Shakti family.

  4. Congratulations Sir.
    Your dedication and leadership in the microfinance sector have been truly inspiring. Wishing you continued success and impact in this new position.

  5. Congratulations. This is an important milestone. Industry need people like you who understand the ground better.

  6. “Many many congratulations to you Sir for your outstanding achievements .This is really one of the Finest moment for us. We are really proud to work under your leadership”.

  7. It is a great news for the eastern India micro finance sector. Wish you all the best for inducted in Sa-dhan board.

  8. Dear Mr. Ganesh Modak (Mama),

    Congratulations on your election to the Sa-DHAN Board! Your leadership at Grameen Shakti Microfinance Services has been transformative, and we are confident your expertise will greatly benefit Sa-DHAN’s mission of promoting responsible microfinance practices.

    Wishing you continued success in driving positive change in the sector.

    Best regards,
    Punit Sureka
    Founder & CEO
    CIKITSA INDIA

  9. Congratulations! This is Proud Moment.This is truly a wonderful moment for you, you deserve it.

  10. Congratulations Sir…👏👏👏
    Your dedication and commitment towards MFI is truly commendable.
    Wish more sucess comes to you…💐

  11. Congratulations Sir on becoming a Sa-Dhan Board Member. A really proud moment for everyone. Wishing you continued success in this new position. ❤️

  12. I am certain that Mr. Modak has the ability to take MFI to a new height with his leadership.
    Wish you good luck and a successful tenor with SaDhan.

  13. Congratulations Sir, I feel proud for your achievements and you are always dedicated towards your work despite of many resistance in your path… keep it up..

  14. To the MFIs, Grameen Shakti is known by its MD, Mr. Ganesh Ch. Modak. Now becoming a Board Member of SaDhan, the periphery has become much wider for him. Now, the general expectation would be that he would highlight the issues of the small and medium MFIs of the Eastern Region to the Board of SaDhan and to the RBI.

  15. Congratulations Ganeshji.. We welcome you to the Board of Sa-Dhan. Looking forward to wonderful association

  16. “You proved every day that you’re an amazing leader and one of the most passionate people in our field. You’re absolutely the best fit for this job. Congratulations.”

  17. Again West Bengal has provided, it can lead at national level. Congrats to have the position.

  18. Congratulations, Ganesh Ji. It’s an wonderful achievement to be in the board of a Sa-Dhan. I am sure the MFI players, small and mid sized ones would be well represented with their issues and concerns particularly from the eastern region of the country. All the best!

  19. Dear Sir,
    Congratulations on becoming a part of Sa-Dhan’s Board! This is a remarkable achievement and a testament to your expertise and dedication in the field. Your leadership and vision will undoubtedly contribute to Sa-Dhan’s mission and success.

    Wishing you all the best in this new and exciting role.

  20. Ganesh Modak is an apt representation of the interests of last mile women borrowers in the SRO..Expect great developments in microfinance space based on his Vision and commitment

  21. Congratulations Mr.Modak.
    Great to see you joining the Board, I believe you will a great contributor.
    Wishing you all the best.

  22. Please accept my warmest congratulations, Sir! Your contributions to the sector have been truly remarkable, and this new role is a testament to your dedication and expertise. This position offers a significant opportunity to drive meaningful initiatives that can bring about positive change and further growth to the sector.

  23. Inducting Mr Modak on the board with enrich Sa dhan. The pressing challenges faced by small mid size mfi can be brought to the forefront. His vast knowledge and vision will help improve mfi ecosystem. Congrats.

  24. Many congratulations, Ganesh Da…well deserved! It is a recognition of your commitment and contribution to the microfinance sector.

  25. Heartiest Congratulations Dada!! You are a visionary person and the entire Microfinsnce industry shall benefit with your inclusion in the board. You truly deserved to be there. Best wishes!! Keep growing and shining!!

  26. Many many congratulation sir, this is a big achievement because Sa-Dhan is the first and largest association of community development finance institutions in India, this board became is a great achievement, specially from West Bengal. We are proud for your achievement.

  27. Although I am not directly involved in the daily activities of your organization, but closely watched how it has grown under your able leadership. I am sure Grameen Shakti will reach newer heights and will bring many more laurels by working with your vision and mission to uplift the lives of many downtrodden people . Congratulations!

  28. I am very happy to know about the induction of Mr. Modak in the Board of Sa DHAN. My best wishes to Mr. Modak.
    Bhaskar Sen
    Former CMD of United Bank of India

  29. Congratulation Sir, This is indeed a great insights towards your inclusion which would definitely add reciprocal values both ways with overall societal benefits across.

  30. Heartiest Congratulations!! We are very sure that Sa-Dhan & Microfinance Sector will scale greater heights under your leadership. Wishing you all the very best. 🙏

  31. Deserving person has been placed in deserving places. Congratulations to Ganesh Da. Wishing you a prosperous life ahead.

  32. Deserving person has been placed in deserving places. Congratulations to Ganesh Da. Wishing you a prosperous life ahead.

    1. Congratulations Sir on the amazing news! This is an incredible milestone and you deserve the spotlight to celebrate the moment.”

  33. Congratulations Modok da. Tavarnier, a French traveler who had come during the Sahajahan’s rule ,said that the Village was too small where a vania (money lender) wasn’t live. From Chettier in South to Poddar in Orissa, Bohora from Gujrat to Basak in Bengal, a long traditional system is carry on still now. But you are different as a humanity approach towards our rural society make it different and the entire credit are going to your account. Sarbe Bhabantu Sukhinaya. OM

  34. This had to come someday. Pleased to know that you have been included in the Board.
    Your experience will certainly bring in confidence to the entire MFI industry. Best wishes.

  35. Congratulations ! Have seen you for last 15 years . Your contribution to this industry is huge . Your dedication and hard work have not gone unnoticed, and this new role is a testament to your commitment and abilities.

  36. Congratulations Sir.. I am sure you knowledge and experience will enrich the MFI industry..

  37. I had the opportunity to know Mr. Modak more than a decade now. He is undisputedly one of the best leader I have seen. I am sure he will take Sa-DHAN to the next level all together. I wish him and Sa-DHAN all the best!

  38. Great achievement for Grameen Shakti, also appreciate Sa-dhan for inducting experienced people in board.

  39. Sir congratulations on this achievement. Wishing you all the best in your new endeavour. I am sure the entire industry will benefit from your experience, expertise and commitment.

  40. Congratulations Ganesh ji, Your contributions in this industry means a lot. Hoping MFI industry will set a different benchmark under your guidance and support.

  41. Appreciate the development. Expecting overall growth in Micro finance Industry and Grameen Shakti in particular.

  42. Heartiest congratulations for your inclusion as a Board member in SA-DHAN. You are undoubtedly a well deserving person in MFI industry for inclusion as a Board member of SADHAN. I have seen how a tiny Microfinance unit has become a mammoth organisation. SADHAN will undoubtedly become benefited from your vast experience in this line. One of suggestion – Whether SADHAN may conduct an indepth study throughout India on “Effect of Microfinance on self sufficiency of Rural women those who have availed of micro loans from MFI”. Lastly I am personally HAPPY as an Ex-SBI en that we were associated as one of the first Banker at initial at stage of your organisation. Remember those days during 2006-07. I wish you all the best during the days to come

  43. Congratulation Ganesh Da For your Big Achievement.
    Wishing you All the best .
    “King Always sit on the Majestic chair”.

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