The Business Bytes
TBB BUREAU
BHUBANESWAR, NOV 15, 2021
Small Industries Development Bank of India (SIDBI) has launched the second window of Swavalamban Challenge Fund (SCF), which aims to provide financial support to non-profit organizations/educational institutions/social startups for addressing developmental gaps. The focus is on innovative projects addressing the green/clean/efficient climate change. Other themes are sustainable livelihood, financial inclusion, and access to financial services and promoting the culture of entrepreneurship.
Speaking about the launch of the second window of Swavalamban Challenge Fund (SCF), Sivasubramanian Ramann, Chairman and Managing Director of SIDBI said, “This initiative is a part of Swavalamban Resource Facility being implemented by us in partnership with Foreign, Commonwealth and Development Office (FCDO UK)…The themes for this edition have been curated with a focus on green initiatives including climate change mitigation and adaptation measures, eco-friendly/waste reduction practices through recycle/reuse/redesign and offering solutions to reduce carbon footprint in the country.”
SCF is a competitive mechanism to crowd-source innovative and outcome driven solutions to development challenges. SIDBI has launched the platform to support those non-profit organizations/educational institutions/social start-ups who believe in their capability to innovate and promise to impact the lives.
