World Bank Group announced the launch of 2013 India Development Marketplace.
The World Bank Group on January 25, 2013 announced the launch of 2013 India Development Marketplace and pledged $1 million in grants to be awarded on a competitive basis to social enterprises for their development solutions. The 2013 India Development Marketplace Program is targeted within the states of Madhya Pradesh, Jharkhand and Chhattisgarh.
Development Marketplace, supported by the World Bank, is a competitive grant-based program. It focuses on nonprofit and for-profit business models which provide innovative solutions to address the most pressing social and economic problems impacting the poor and under-served communities.