DELHI :

Syed Tahseen Ahmed, Board Director of Sahyog Urban Thrift and Credit Cooperative Society, was honoured with the Loknayak Jayaprakash Smriti Award for Excellence in the Business Sector on December 21, 2025, in recognition of his leadership in building a cooperative model rooted in self-reliance and financial dignity.

The award recognises Ahmed’s role in shaping Sahyog as an institution that addresses a critical gap in access to credit for working-class communities. Sahyog Urban Thrift and Credit Cooperative Society was established to support labourers, street vendors, small shopkeepers, skilled workers, and young people seeking self-employment – groups that are often denied assistance by conventional banks due to collateral and interest-related constraints.

Sahyog operates on principles of mutual trust and cooperation. Through its microfinancing model, the society provides financial assistance without interest, does not demand heavy collateral, and offers simple, installment-based repayment. The objective, according to the society, is not merely to provide loans but to enable members to build sustainable livelihoods with dignity and self-respect.

Under Mr. Ahmed’s guidance, Sahyog has evolved into more than a financial cooperative. It functions as a community-driven movement that encourages members to become economically independent and, in turn, support others within the cooperative framework. Members are able to start or expand small businesses, improve employment prospects, and secure greater financial stability for their families.

The Loknayak Jayaprakash Smriti Awards are presented to individuals whose work reflects integrity, social commitment, and long-term institutional vision. The jury cited Sahyog’s steady growth and community impact as evidence of a responsible and inclusive approach to enterprise.

source: http://www.radiancenews.com / Radiance News / Home> Latest News> Report / by Radiance News Bureau / December 30th, 2025