Japanese automobile firm Suzuki Motor on Thursday launched its first investment fund in India--Next Bharat Ventures--a Rs 340 crore fund dedicated to fostering impact entrepreneurs who create value in Tier-II and below geographies. This Suzuki initiative aims to support social impact startups in the domains of agriculture, financial inclusion, rural supply chains, and rural mobility, through a residency programme. "Next Bharat will invest in growth-stage impact firms and early-stage impact entrepreneurs through its flagship residency programme. In order to improve synergy among our early-stage portfolio, We do Fund of Fund operations, investing in Indian Early Stage Venture Capital firms, this investment will also help in establishing strong strategic synergies for the Next Bharat Impact Fund," Next Bharat CEO and MD Vipul Nath Jindal told PTI. During the 4-month hybrid residency programme, selected impact entrepreneurs will receive extensive mentorship, access to resources, and ...
In a joint initiative aimed at empowering marginalised communities across India, the National Institute of Social Defence (NISD), under the ministry of social justice and empowerment, has partnered with The Nudge Institute, a Bangalore-based non-profit organisation, to launch the 'Social Defence Fellowship'. This public-private partnership seeks to leverage the expertise of senior private sector professionals alongside the vision of senior civil servants, according to an official statement. Five social defence fellows have been carefully selected from a competitive pool of over 840 applicants nationwide, the social justice and empowerment ministry said. These fellows, boasting an average of over 25 years of experience, bring a wealth of knowledge from spearheading transformative initiatives across various sectors. They have undergone a rigorous selection process and will work full-time within the government system for a duration of 18 months, it said. The ministry, serving as the .
Nelson Mandela International Day commemorates the life of Mandela, his life and legacy, encouraging individuals to participate in community service and social activism
A look back at welfare spending is the first step to understanding Covid impact absorption and darning holes, if any, in the welfare fabric
The share of social sector expenditure as a share of gross state domestic product increased marginally from 9% in FY20 to 10% in FY24 BE
The Social Stock Exchange (SSE) has been developed with the sole motive of facilitating social enterprises in raising funds from the public through the stock exchange mechanism
The Delhi government's Directorate of Education (DOE) has taken over seven special schools from the Social Welfare Department, according to a circular issued on Friday. The schools taken over by the DoE are the Government Nursery Primary School for Deaf and the School for Mentally Retarded Children in Mayur Vihar, the Senior Secondary School for Blind Boys in Kingsway Camp and the Middle School For The Deaf in Rohini Sector 4, the Lady Noyce Nursery Primary School For The Deaf in Nehru Vihar and Delhi Gate and the Government Senior Secondary School For The Deaf in Kalkaji. "Concerned District Deputy Education (DDE) Officers are directed to depute a team under the chairperson-ship of DE (Zone) concerned, Principals, Head of Schools and District Coordinator. The team will physically visit the school for analyzing the various educational aspects for ensuring the Provisions made in the RTE Act, 2009, RPWD Act 2016 and National Policy on Education, 2020," the DoE circular said. It added
The ultra high networth individuals' (UHNIs) social sector spending declined by 5 per cent in FY22, despite a 9.2 per cent increase in their wealth and the persisting inequities in India, a report said on Thursday. Giving by the UHNI segment declined to Rs 4,230 crore in FY22, if one were to exclude the contributions of Wipro's Azim Premji, the report said. Amid the clampdown on foreign funding of non-profits, the report by consulting firm BCG and Dasra said international funding also declined in FY22. Private foreign giving dipped by about 3 per cent to Rs 15,000 crore in FY22 as compared to the contributions in the year-ago period, the report said, adding that their contribution to overall giving reduced further to 14 per cent as compared to 15 per cent in FY21 and 21 per cent in FY17. Overall, the private giving remained flat in FY22 at Rs 1.05 lakh crore compared to FY21, the report said, adding that the corporate social responsibility spends grew during the fiscal year on the
Social security scheme should reach the poor and underprivileged, says official
P Chidambaram on Tuesday hit back at Finance Minister Nirmala Sitharaman for stating that the NDA government's developmental expenditure was higher than that under the UPA regime
The Social Justice and Empowerment Ministry, which caters to the welfare of the backward classes and those with disabilities, was allocated Rs 11,689.39 crore
At the RAISE 2020 summit, delegates and experts in research, policy and innovation on AI will join from across the globe
In a joint statement, around 125 disability rights organisations, civil society organisations and activists last week said they unequivocally register their strong protest against the proposal
Tudu's efforts have had quite an impact on her village. She's been able to convince three dropouts to return to school
The platform allows NGOs to create events for their ongoing projects. Volunteers choose the NGO they wish to support and participate in their events
In a country that surpasses the world in its paradox of innately elegant women & effortlessly dowdy men who dress in monotonous western clothes, Jivi Sethi stood out for being spectacularly inventive