While India is one of the world’s fastest growing economies, it is also one of the most unequal countries. Economic opportunity and a sustainable, dignified livelihood for all is our goal.
Samhita-Collective Good Foundation (CGF), the U.S. Agency for International Development (USAID), Michael & Susan Dell Foundation (MSDF) and Omidyar Network India have collaborated to launch a $6.85 million blended finance facility called REVIVE.
The financing facility, also supported by corporates such as Arvind Limited and Godrej Consumer Products Limited and foundations like Brihati Foundation powered by Claris, will provide accessible and affordable capital in the form of grants, returnable grants and loans to previously employed or self-employed workers and at-risk nano and micro enterprises to either restart and sustain their work or find alternative business opportunities. The facility is expected to reach between 60,000-100,000 workers and enterprises and will give preference to youth and women. REVIVE will also undertake upskilling activities for laid-off youth and informal sector workers.Visit Revivealliance.com
The India Protectors Alliance (IPA), founded by Samhita, Hindustan Unilever, RBL Bank and Bill & Melinda Gates Foundation, is bringing together companies, foundations, governments and social organisations, to enable India’s workers to pursue economic activity safely and build a resilient healthcare and sanitation ecosystem amidst the ongoing COVID-19 crisis, with a goal to impact at least half a million people in a year’s time.
With COVID-19 exposing the frailties of India’s healthcare and sanitation ecosystems, the IPA would create support systems to help India’s economic and business backbone – supply chains, employees and communities of workers and consumers, to work and live securely.Visit Indiaprotectorsalliance.com