Twenty social enterprises were today 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.Through its India Development Marketplace initiative, the World Bank Group (World Bank and the International Finance Corporation1) has identified scalable, replicable and financially sustainable projects for support. The call for proposals was launched in January and received nearly 200 proposals from organizations already operating in these three states, as well as from across the country. These organizations have developed business models to expand access to basic services such as livelihood and employment, education, women and child welfare, agriculture, energy, healthcare and financial services.
The complete list of the 20 selected companies and more details on Social Story.
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