Samhita-Collective Good Foundation (CGF), the US Agency for International Development (USAID), Michael and Susan Dell Foundation (MSDF) and Omidyar Network India have collaborated to launch the blended finance facility christened as ”Revive”. Unemployment rate had touched record highs during the pandemic as per think tanks and the concern over the micro-enterprises” fate also led the government to launch interventions like loans for street vendors.
“In order to alleviate the livelihood crisis and kick-start the economic recovery process, Revive will work with companies and foundations to plug the gap around timely, affordable and accessible capital for entrepreneurs and micro enterprises that form critical backbones of businesses and the national economy,” Samhita”s founder and chief executive Priya Naik said. The CGF partners and funders include Tata Trusts and the Bill and Melinda Gates Foundation, while USAID is an arm of the American government, and Omidyar is an impact investor. Read more…
