Innovator of modern financial market but a few know about his dedicated social work which ensured economical sustainability for farmers.

1. Jignesh Shah- Confluence of Business vision & Social
Responsibilities
Another one of Jignesh Shah’s achievements
after FTIL that positions him as a business
magnate in the Indian ecosystem is the Multi
Commodity Exchange (MCX).
Launched in 2003 by Shah, MCX has
progressed into a trading giant and over
US$2bn / day is traded along with it being the
second- and third-highest in volumes of silver
and gold in the world, respectively.
The Exchange contributed to 1% of the
nation’s GDP in just a decade and managed a
cumulative income of Rs. 3,600 crore.

2. THE PIONEERS OF GSK

3. GRAMIN SUVIDHA KENDRA (GSK)
• Joint initiative between MCX & India Post that envisions to empower
marginal farmers (agricultural land up to 1 hectare)
• The program's mission is to bring farmers in the modern commodity
market
• They have been setup to impart valuable agricultural knowledge to
the farmers on how to enhance yield quality & quantity
• In addition to this, GSKs have ensured economic sustainability for
farmers by
» Keeping them updated with current & future prices of commodities
» Forming market networks & Promoting inclusive growth

4. Why GSK came into existence
Few complexities in the agriculture value chain that need immediate
attention include information asymmetry (especially prices), lack of
knowledge transfer (agri extension), spurious inputs, storage facilities,
and number of intermediaries. MCX’s Gramin Suvidha Kendra, the
winner of Businessworld FICCI CSR Award for Innovation is an
initiative to tackle these issues. (Source: blog.ficci.com)
Read full article here: http://blog.ficci.com/gramin-suvidha-kendra/

5. GSK-AWARDS
• FICCI Socio Economic Development Foundation (SEDF) CSR Award –
2009
• The Gramin Suvidha Kendra (GSK) project was judged as a winner in
the "Exemplary Innovation Promoting CSR" category. The project
assessment was done independently by Grant Thornton and Partners
in Change and the model was later reviewed by the jury, Chaired by
Dr. Abid Hussain, former ambassador to the US
• NASSCOM 'Social Innovation Honors – 2010’
• The award accolades innovation in the Information, Communication
and Technology (ICT) sector and the extensive Indian Postal Network
to reach out to the farming community across India.

6. • The GSK model was one of the winners at the 5th BSE CSR Award.
The Gramin Suvidha Kendra model was shortlisted from a whopping
270 entries and was judged as one of the most innovative models.
• Gramin Suvidha Kendra is also a novel addition to Jignesh Shah's
achievements in that it managed to create more than a million jobs
in the commodities ecosystem under FTIL, directly and indirectly,
according to a study on MCX by Tata Institute of Social Sciences
(TISS).
GSK-AWARDS