20 SOCIAL ENTERPRISES AWARDED THE 2013 INDIA DM GRANT

Twenty social enterprises were awarded grants totaling $2 million by the India Development Marketplace (DM) funded by the World Bank Group (WBG). The grantees received $100,000 each to extend and scale up their innovative business models in the states of Madhya Pradesh, Chhattisgarh and Jharkhand. A number of financial institutions, social entrepreneurs, investors and government officials participated at the India DM event organized to showcase these development solutions to the problems of the most vulnerable people.

Press coverage of India DM 2013:

Click the following link to know about the 20 grantees:

2013 INDIA DM GRANTEES

Case Studies

Rangsutra

Envisaged as a bridge between artisans and consumers, Rangsutra works with small producer groups based in remote villages and towns in around 9 locations across the Indian states of Rajasthan, Uttaranchal and Assam. It strengthens economic security in vulnerable communities by empowering members to create top quality hand made products which are then sourced and marketed to urban consumers through leading retailers.

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    We are looking at this money more as in investment in infrastructure development as well as human resource development. We believe that the results of this will be seen very soon.
    Sumita Ghose, Managing Director, Rangsutra Crafts India Ltd.
    We feel honoured, we are a young enterprise and being recognized by an institution like World Bank is a great feeling. We are pretty enthused to move ahead in a comparatively faster manner...we are looking forward to the coming 24 months when we are going to get various kind of inputs.
    Devendra Shukla, Chief Operating Officer, Educate Girls
    Through DM we have proposed to scale it up to different areas covering another 44,000 households where we can monitor the social security scheme. I am definitely thrilled and excited because this money will [make] us think in a different way, to upgrade our technology, our HR and streamlining our processes from a certain level to a different level. We need to build our capacity through DM.
    Mansingh Durga Prasad Nayak, Programme Director, (WOSCA)
    In the last 3 years we have trained and placed 10,000 people [in jobs]. In this World Bank sponsored project we are trying to train and place 10,000 people in Bihar alone.
    Nishant Saxena, CEO Elements Akademia Pvt. Ltd.
    As far as scale is concerned, we have understood that a lot of capacity building is required for that. Resourcing and networking [with] other agencies is also important.
    Prabitra Mishra, Programme Director, Adhikar
    Basically a start-up needs to use the grant for the costs of capacity building of community, mobilization etc. Then there is the technical, research and development cost for doing the innovation part. The third necessity is providing the market linkage to the producer groups. These are the 3 core things that social entrepreneurs [look for] and for these, funds are not available. This will be the greatest benefit of the DM.
    Ravi Chandra, Managing Trustee, Bihar Development Trust
    DM is the beginning...it definitely feels good. It has taken a lot of thought process as to how we take reliable lighting sources to Bihar...Winning DM matters a lot...the financial support will help us to build infrastructure, develop capacity of people to implement the program [of providing quality lighting to the poor] properly in Bihar.
    Prasanta Biswal, Sr. Manager – Mission Projects, Selco Solar Lights (P) Ltd.

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