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
The fund is fully committed
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, 2013, it had a client base of more than 3 lakh through around 26,000 active SHGs. Total portfolio under management as on December 31, 2013 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.
CEPL specializes in installation and maintenance of solar water pump across India. With a triple bottom line approach of economics, environment sustainability and social development, CEPL is making irrigation / drinking water accessible and affordable in the rural areas. CEPL is helping farmers reduce their irrigation cost by reducing use of diesel and at the same time increasing yield by providing irrigation on time. CEPL is creating long-term positive impact for sustainable growth of rural community, local economic development and the environment.
CMPL is a B2B distributor and e-retailer of medical equipment and surgical consumables focusing on doctors, clinics and nursing homes across India. It is the largest online platform for medical devices in India. Its objective is to create efficient distribution of medical devices across India. The Company’s objective is that Care must be Accessible, Affordable and Available for All. Its product suite ranges from equipment and consumables for specialties such as Obstetrics and Gynaecology, Paediatrics, General Surgery, Orthopaedics, Dentistry, Diabetology, Cardio Vascular and General Practice. The Company provides these products and also support services for these products mainly to hospitals, clinics and doctors in Tier II and III towns that are underserved thereby creating a social impact.
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, 2014, 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.
Samridhi Fund has invested ₹5 crore in JCSPL. JCSPL is a Kolkata based NBFC-MFI, which was incorporated in July 2015 with an aim of providing wide range of financial services, majorly microcredit loan under the name ‘Janakalyan’ to rural unbanked and underserved population in Eastern India. With the investment from Samridhi Fund, the Company will expand its portfolio in West Bengal, Bihar, Odisha and other Low Income States.
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.
Samridhi Fund has invested ₹5 crore in MFIPL. The Company is a manufacturer of Ultra Filtration (UF) membrane and a solution provider in membrane based applications. The Company’s products and solutions have applications in various industries including water, chemicals, pharmaceuticals, food & beverage, dairy etc. Membrane was started by Shri Subhash Devi in the year 2003 for mass-scale manufacturing and commercialization of membrane-based filtration and purification systems.
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. Natureland's farm level interventions involve training small and marginal farmers in agri-input reduction, yield enhancement and biodiversity with crop rotation.
OPLL is a Fintech incorporated with an objective to leverage technology for addressing pain points of credit delivery especially to MSMEs by the formal banking system. The Company has a dual approach i.e. improving the quality of information received by the banks using multiple technology interventions and providing faster solutions for internal decision processes of the lenders.
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.
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.
SIPL is a financial services provider to bottom of the pyramid people with a mission to contribute to the country's financial inclusion effort. The Company is a ‘Business Correspondent’ which helps banks to increase their portfolio in rural / semi-urban areas. The mission of SIPL is to be part of the country's inclusive development journey through effective delivery of financial services to the excluded population. SIPL believes that economic development of the poor is achieved through delivery of holistic, customized and a wide array of financial services in a cost effective manner. It aims to reach 09 lakh clients by FY 2020.
Sahaj is expanding the pilot milk processing plant with the capacity of 14,000 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.
Sonata Finance Private Limited is an NBFC-MFI and is well established in Uttar Pradesh with a portfolio of 776 crore as on September 2014. 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.