The India DM is focused on identifying Inclusive Business Models that can scale impact in the States of Bihar, Rajasthan and Orissa. Inclusive business models are those offering goods/ services and contributing to income generation of the poor in financially sustainable and scalable ways. They productively integrate those living at the base of the economic pyramid into their value chains as consumers, producers and/or distributors. Examples of functional areas where these models play a key role in fostering the development agenda include, but are not restricted to, health, water, sanitation, energy, education, financial services, agriculture, vocational training and livelihood support.
Last year, The India DM awarded 13 winners, selected by a jury of experts, the sum of USD 50,000 which will be paid in two installments over 24 months. IFC Advisory Services will monitor the grant implementation over the 24-month period.
Organizations may be considered for second stage financing as well.