INDORE: The World Bank Group has announced the launch of 2013 India Development Marketplace in Madhya Pradesh and pledged $1 million in grants to be awarded on a competitive basis to social enterprises for their development solutions.
Development Marketplace, supported by the World Bank, is a competitive grant-based program. It focuses on non-profit and for-profit development solutions that demonstrate innovative and effective ways to address the most pressing social and economic problems impacting the poor and underserved communities. The selected winners are given financial and advisory support to scale the impact of their work.