The Nand & Jeet Khemka Foundation and The Schwab Foundation for Social Entrepreneurship in collaboration with The United Nations Development Program (UNDP) today announced the opening of nominations for India 's Social Entrepreneur of the Year Award 2008. The awards recognize the power of social entrepreneurs, who use innovative solutions to address challenges that societies face. The final date for close of applications is June 5, 2008. The application form and the selection criteria will be available at http://www.schwabfound.org/india/.

Three to five finalists will be short listed following an intensive search and selection process including expert reviews and site visits. They will be invited to the India Economic Summit in November 2008. The award will be handed over to the winner at a ceremony to coincide with the Summit . The winner will  be invited to the World Economic Forum Annual Meeting at Davos and be offered unprecedented opportunities to engage with global decision makers from the public, corporate, media and academic sectors to strengthen and expand his/her model. In addition the winner will be eligible to be named a ‘Khemka Fellow' and receive a financial award of Rs 8, 00,000 (Rupees Eight Lakhs only) from the Nand & Jeet Khemka Foundation.

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