Samridhi Fund is envisaged by Government of UK’s Department for International Development in association with Small Industries Development Bank of India (SIDBI) to provide capital to social enterprises which can deliver both financial and social returns in Bihar, Uttar Pradesh, Madhya Pradesh Orissa, Chhattisgarh, Jharkhand, Rajasthan, and West Bengal.
Samridhi is a close-ended fund for seven years and targets investment in sectors such as Water and Sanitation, Affordable Healthcare, Agriculture & Allied Services, Clean Energy, Financial Inclusion, Education and skill building.
For additional information, please visit: http://www.samridhifund.com/
ABOUT DFIDFor several decades, Government of UK's Department for International Development has been actively working with the Government of India to help the country achieve its own poverty reduction priorities and the Millennium Development Goals. India is a growing global power and an important partner for the UK. As India's economy grows, poverty reduces and India has ever greater prominence in world affairs, the UK's development partnership with India is evolving.
In November 2012, the UK and India agreed to move to a new development relationship, ending the UK's financial grant aid to India. The UK will responsibly complete by 2015 all our commitments to on-going projects. All new programmes will focus on sharing skills and expertise in priority areas such as growth, trade and investment, skills and health, or on making investments in private sector projects which create opportunities for the poor while generating a return.
For more information, please visit: www.gov.uk/government/world/organisations/dfid-india
ABOUT DFIDSIDBI Venture Capital Limited (SVCL) is a wholly owned subsidiary of SIDBI, incorporated in July 1999. Small Industries Development Bank of India (SIDBI), set up on April 2, 1990 under an Act of Indian Parliament, is the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector and for Co-ordination of the functions of the institutions engaged in similar activities in India. SIDBI ranks among top 30 Development Banks of the world.
For more information, please visit: www.sidbiventure.co.in