World Bank Group offers $1.4m to 12 social enterprises in North-East

Thursday, June 19, 2014

The World Bank Group will give $1.4 million to 12 social enterprises in the North-East, working on access to affordable healthcare services, education, water and sanitation services.

The grants were awarded to the 12 social enterprises on Thursday by the India Development Marketplace funded by the World Bank Group (WBG). “Nine organisations received $150,000 each for project implementation over 24 months and an additional three organisations were selected to receive $25,000 each in capacity building funding to provide innovative service delivery solutions in Assam, Mizoram, and Meghalaya,” said Jitesh Khosla, Chief Secretary, Government of Assam, and Onno Ruhl, Country Director, India, World Bank on the occasion.

The 12 enterprise were selected from 200 proposals received since February 2014 from organisations already operating in the North-Eastern states, as well as from across the country, a World Bank release said.

Source: The Hindu Business Line (link opens in a new window)

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