The Department for International Development (DFID), United Kingdom, in association with Small Industries Development Bank of India (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 , Chattisgarh, Jharkhand, Rajasthan and West Bengal.
The primary focus of the Fund will be to provide financial assistance by way of equity or equity linked instruments (like convertible debentures, preference shares etc.) to companies with developmental impact in 8 States of India viz., Bihar, Uttar Pradesh, Madhya Pradesh, Odisha, Chattisgarh, Jharkhand, Rajasthan and West Bengal. Further, these companies shall:
Investment Size (approx.): ₹5-40 crore
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Annapurna is an Odisha based NBFC- MFI which extends microcredit to Self Help Groups (SHG). Annapurna is primarily a rural focused MFI with 90% of the borrowers residing in rural areas. Almost 82% of the borrowers belong to socially disadvantaged communities. Currently, the Company operates in five States viz., Odisha, Chhattisgarh, Madhya Pradesh, Maharashtra and Jharkhand. As on December 31, 2014, it had a client base of more than 3 lakh through around 26,000 active SHGs. Total portfolio under management as on December 31, 2014 was around 286 crore. The funding by Samridhi Fund will help the Company to expand into new geographic areas and promote financial inclusion among the underserved customers in focus States for the Samridhi Fund.
Caspian Impact Investments Private Limited is an NBFC providing much needed debt capital to social enterprises. Earlier it has invested in debt and equity capital into high quality enterprises in India, with the intent to generate social and/or environmental impact alongside a competitive financial return. The company has focus on financial inclusion, food & agriculture linked enterprises, healthcare, clean energy etc.
ESAF Microfinance and Investments Private Limited is an NBFC-MFI and is well established in Kerala, Tamil Nadu and Maharashtra. ESAF plansto expand its operation by setting up branches in SF States. It is one amongst ten companies who got “in-principle” approval from RBI for small bank licence. As on March 31, 2015, the Company had loan portfolio of more than ₹1,000 crore with presence in 72 districts in India. The borrower base of the Company is more than 5,00,000 with 224 branches. With this fund infusion, over the next five years, the Co. plans to penetrate more into Samridhi States.
Glocal Healthcare Systems Private Limited is engaged in providing state-of-the-art medical facilities and infrastructure closer to under-served India by providing quality healthcare at a price point that provides maximum access to the intended audience.
Gramco Infratech Private Limited is engaged in providing integrated post-harvest management solutions to the farmers near their fields which include warehousing, cleaning & grading, pledge finance as well as seed multiplication program and selling of agri inputs.
Hello Health Services Private Limited is a home healthcare services provider. It addresses the need of providing homecare services to the senior citizens, for post-surgery recuperation, attendant/nursing services, on call doctor, health concierge. It also provides services like health camps, corporate medical room, etc. It has presence in Mumbai, Delhi/NCR, Kolkata, Pune, and Bangalore. The Company has trained caregivers primarily women from under-privileged segment, thereby providing them with employment opportunities. Hello Health plans to expand their operations by setting up regional offices and caregiver centers in SF States. These caregiver centres shall train people for caregiving services to create resource pool and also act as nodes for various home healthcare services in those geographies.
Kanungo Institute of Diabetes Specialities Private Limited is a multi-specialty diabetes hospital based at Bhubaneswar which provides healthcare services at affordable prices and treatment of diabetes related multi-organ complications. The Company also helps NGOs in extending their diabetes care initiatives by conducting workshops for diabetes detection and prevention.
Natureland Organic Foods Private Limited is engaged in organic contract farming where it provides the organic inputs to the farmers and buys the produce at a premium to the market price. The Company is involved in Kinnow fruit processing and packaging as well as multiplication programme for certified seeds. It provides warehousing facilities, thus giving the farmers an opportunity to store and sell their produce at a better price point. Naturelands farm level interventions involve training small and marginal farmers in agri-input reduction, yield enhancement and biodiversity with crop rotation.
Rite Water Solutions (India) Private Limited is an ISO 9001:2008 certified company with a focus on providing potable water to rural population where available ground / surface water sources are contaminated by chemical (fluoride, nitrate, arsenic, salinity etc.) & bacteriological impurities.
Sahaj is expanding the pilot milk processing plant with the capacity of 15,000 litre per day in Sikar district of Rajasthan
operated under one of its wholly owned subsidiary. Company proposes to take the local community along by expanding its
(i) model cow farm, which would also act as training centre for the community in modern cattle rearing technique and
(ii) set up a modern processing unit. The Company will create a "Quality Conscious Market" which will allow for the milk collection and processing business to be self-sustainable as a unit and allow for a replication potential that can create a more wide-spread and positive economic impact.
Shikhar Dairy Private Limited is setting up a professionally managed, community run and owned dairy in the district of Jhansi, Uttar Pradesh to produce and supply fresh cow milk in the nearby urban market. The dairy will provide sustainable and scalable livelihood opportunities to the people at the Base of the Pyramid (BOP) through direct participation as well as forward and backward linkages.
Sonata Finance Private Limited is an NBFC-MFI and is well established in Uttar Pradesh with a portfolio of 776 crore as on September 2015. The borrower base of the Company is more than 5,00,000 with 224 branches. The funding by Samridhi Fund will help the Company to expand into new geographic areas and promote financial inclusion among the underserved customers in focus States for the Samridhi Fund.
RGVN (North East) Microfinance Ltd. (RGVN) is an NBFC-MFI, well established in North East. It is one amongst ten companies which got “in-principle” approval from Reserve Bank of India for Small Finance Bank licence. It is in the process of launching Small Finance Bank and plans to expand its operation by setting up branches in an SF State i.e. West Bengal.
Oriano Clean Energy Private Limited specializes in Solar EPC for Utility Scale Solar Power Plants, Solar Farms and Rooftops. With a triple bottom line approach of economics, environment sustainability and social development, Oriano is making solar energy affordable and accessible to the mass market, generating income for rural households by creating job opportunities at the BoP and reducing greenhouse gases (GHG). Oriano is helping businesses reduce their energy cost and help them meet their sustainability goals by substituting their fossil fuel based power with clean, renewable energy. Oriano is creating long-term positive impact for sustainable growth of the community, local economic development and the envir0onment.