Description:

Jointly organized by IFC, a member of the World Bank Group and the Development Marketplace Program, this competition 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.

 

The India DM gave awards to 14 winners, selected by a jury of experts, on April 2011. Each winning project receives USD 50,000 in two installments over 24 months. IFC Advisory Services monitors the grant implementation over the 24-month period. Organizations may be considered for second stage financing as well.