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Report: Record Number Of Indians With Bank Accounts. So Why Is Financial Inclusion Low?
Mumbai: Up to 80% of Indians now have a bank account, the same proportion that has a mobile phone, but financial inclusion levels are still among the world’s worst, lower than sub-Saharan Africa on some counts, according to a new report.
- Categories
- Finance, Impact Assessment
- Region
- South Asia
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India’s Impact Investment leaders launch Social Finance India in New Delhi
Social Finance Global Network (SFGN) and The Global Steering Group for Impact Investment (GSG) today announced the launch of Social Finance India (SF-IND) and first three of its Directors- Rajiv Lall, Ashish Dhawan, and, Vikram Gandhi. Rajiv Lall will Chair the initiative. SF- IND will be a new Section 8 non-profit intermediary which will galvanize the Indian impact investment space. Social Finance India’s first two products- India Impact Fund of Funds (IIFF) and India Education Outcomes Fund (IEOF) will launch in 2018. SF-IND also launched its website, www.socialfinance.org.in
- Categories
- Investing
- Region
- South Asia
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IIM Amedabad’s CIIE launches $25 million Bharat Inclusion Initiative
IIM-Ahmedabad’s Centre for Innovation, Incubation and Entrepreneurship (CIIE) has launched the Bharat Inclusion Initiative, with a commitment of $25 million from The Bill and Melinda Gates Foundation, Omidyar Network and Michael and Susan Dell Foundation. The initiative will focus on incubating and backing startups that work in areas such as financial inclusion, livelihood, education and health.
- Categories
- Investing, Technology
- Region
- South Asia
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India largest remittance-receiving country in the world: Report
India was the largest remittance-receiving country in the world, with migrant workers from the country sending home USD 69 billion in 2017, according to a report which said remittances to the Asia-Pacific region amounted to US 256 billion last year.
- Region
- South Asia
- Tags
- remittances
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Why India’s air pollution is so horrendous
A whopping nine in 10 people on Earth breathe highly polluted air, and more than 80 percent of urban dwellers have to endure outdoor pollution that exceeds health standards, according to the WHO’s World Global Ambient Air Quality Database.
- Categories
- Environment, Health Care
- Region
- South Asia
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Gramophone: Farm doctors at your service
The Indore-based startup is leveraging technology to make farming more predictable and profitable for farmers in Madhya Pradesh, India.
- Categories
- Agriculture
- Region
- South Asia
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Taps that don’t go dry: This summer, water ATMs to the rescue
The mobile water dispensing systems from Swajal and JanaJal are providing safe drinking water in rural as well as urban areas with the help of IoT and solar energy, reducing use of plastic.
- Categories
- WASH
- Region
- South Asia
- Tags
- global development, SDGs
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Unitus Ventures Raises INR 100 Crore Towards First Close of Fund II
Michael & Susan Dell Foundation, Bill Gates, Hemendra Kothari and others invest again in India’s leading early-stage impact fund. Unitus Ventures to invest INR 5-15 crore each in ~30 startups in healthcare, education and inclusive fintech.
- Categories
- Investing
- Region
- South Asia
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