Samridhi Fund

Brief

The Samridhi Fund is an approx. ₹430 crore social venture capital fund. SIDBI has envisaged the creation of the Samridhi Fund to provide capital to social enterprises which can deliver both financial and social returns, in Bihar, Uttar Pradesh, Madhya Pradesh, Odisha, Chhattisgarh, Jharkhand, Rajasthan, and West Bengal.

Eligibility

• The conditions necessary for getting funded are as follows:
• Be economically viable Provide access to markets for the poor Be socially relevant and impact the poor as customers, producers, or employees The enterprises must have plans to expand operations in any or all the following states – Bihar, Chhattisgarh, Odisha, Uttar Pradesh, West Bengal, Madhya Pradesh, Jharkhand, and Rajasthan Increase the flow of capital to the above-mentioned states Focus on Environment, Social and Governance matters Samridhi will not invest in any of the following businesses or activities: Illegal or banned activities, including child labor Businesses dealing with hazardous chemicals, asbestos, pesticides, and wastes; ozone-depleting substances; and endangered or protected wildlife or wildlife products. Arms and ammunition Companies that have been proven to be involved in fraud and corruption.

• ₹430 crore social venture capital fund

• The conditions necessary for getting funded are as follows:
• Be economically viable Provide access to markets for the poor Be socially relevant and impact the poor as customers, producers, or employees The enterprises must have plans to expand operations in any or all the following states – Bihar, Chhattisgarh, Odisha, Uttar Pradesh, West Bengal, Madhya Pradesh, Jharkhand, and Rajasthan Increase the flow of capital to the above-mentioned states Focus on Environment, Social and Governance matters Samridhi will not invest in any of the following businesses or activities: Illegal or banned activities, including child labor Businesses dealing with hazardous chemicals, asbestos, pesticides, and wastes; ozone-depleting substances; and endangered or protected wildlife or wildlife products. Arms and ammunition Companies that have been proven to be involved in fraud and corruption.

Online / portal

Official application / information link: https://www.startupindia.gov.in/content/sih/en/government-schemes/samridhi_fund.html

Source listing: https://www.startupindia.gov.in/content/sih/en/government-schemes.html