Monday, 15 April 2024

5 social enterprises bag INR 4.5 million funding at SBI Youth for India Conclave 2024

- 18 social ventures supported by SBI Foundation accelerating Rural

Development & Supporting India’s national priorities of rural development.

- SBI Youth for India programme has impacted 150,000+ lives in 250+ villages

in 20 states in the country.

- 70% of SBI Youth for India alumni are pursuing careers in the social sector.

Bangalore, 15 April 2024- SBI Foundation, the CSR arm of the State Bank group recently hosted the

two-day SBI Youth for India Conclave in Bangalore, offering a dynamic platform to social entrepreneurs

and trailblazers from the social sector. The event, held in Bangalore witnessed the convergence of

social entrepreneurs, academia, civil society representatives, and alumni of the SBI Youth for India

(YFI) Program.

At the YFI Conclave, 'SBI YFI Sahyog - The Pitch Fest' saw 9 social enterprises compete for funding,

where 5 winners were granted seed funding of INR 4.5 million. The initiative aims to provide seed

funding to promising non- profit and for-profit ventures led by SBI YFI alumni, facilitating their

continued efforts towards social impact and community development. The selection process for the

winning ventures involved a rigorous assessment and evaluation conducted by an esteemed jury

comprising Mr. Sanjay Prakash (MD & CEO, SBI Foundation), Mr. Jagannath Sahoo (President &

COO, SBI Foundation), Dr. Gayathri Swahar, Senior Director, Social Entrepreneurship at The/Nudge

Institute and Co-founder of Ycook India, Mr. Suresh Krishna Bandi, Associate Vice President-

Programs & Partnerships, I-Ventures@ ISB, Hyderabad, and Mr. Gyan Prakash Program Head, SBI

Youth For India Fellowship.

Addressing the distinguished gathering at the Youth for India Conclave 2024, Mr. Sanjay Prakash,

Managing Director & CEO of SBI Foundation, emphasized the pivotal role of the youth in driving

transformative change within the country. He said, “The future of our nation hinges upon its young,

educated, and socially conscious demographic. Through initiatives like the Youth for India Fellowship,

we have witnessed firsthand how our young Fellows have harnessed their potential to initiate tangible

social impact projects in rural communities. Having impacted 1,50,000+ lives in 250+ villages across

the length and breadth of the country, we take pride in nurturing social entrepreneurship and

contributing to India's national priorities around rural development.” Mr. Prakash further highlighted,

“The projects spearheaded by our Fellows have not only accelerated rural development but have also

fostered inclusive and sustainable growth across 20 states in the remotest corners of our country.”

The following ventures won grants to further their work:

Sr.

No.


Name Name of the

Organization

Organization Brief Seed Grant

Amount

1 Ashwini

Laxman

Shelke

Shahalakshya

Charitable Trust

Shahalakshya Charitable Trust focuses

on positive change and empowerment

through scholarships, awareness

campaigns on government schemes,

and a modern digital library with

INR 9 lakh

educational resources. They organize

academic competitions and safety

workshops while promoting student

safety and empowerment. Additionally,

they conduct health awareness

campaigns for young women and

engage in organic farming for

sustainable practices.

2 Nishant

Kumar

Singh


Jawhar Farms Jawhar Farms, a social enterprise and

tribal superfood brand in Jawhar,

Maharashtra, connects urban demand

for healthy millet-based food with

traditional tribal resources by providing

livelihood opportunities

to tribal women.

INR 9 lakh

3 Nupur

Poharkar

Pirul

Handicrafts

PIRUL HANDICRAFTS is a social

enterprise based in the hills of

Uttarakhand. PIRUL aims to create a

sustainable enterprise that generates

employment for the local women using

pine needles, which are otherwise

waste and are responsible for causing

forest fires and groundwater table

depletion. Thereby serving the

environment with people's own

involvement. At present, PIRUL has

upskilled more than 100 women from

the remotest of the villages in the

Kumaon region and has given them

regular work. PIRUL makes a wide

variety of products, including home

decor articles like trays, planters,

organizer baskets, coasters, etc., and

fashion accessories like sling

bags and earrings.

INR 9 lakh

4 Shraddha

Anand

Gosavi

Quest Quest enables core values like

Responsibility, Sustainability &

Community Innovation by curating

opportunities to experience new

environments, challenge our perspective

& meaningful connections. This leads to

creating impactful travel experiences by

Engaging & Embracing

local communities!

INR 9 lakh

5 Dr.

Steward

Gracian

SocioDent

Private Limited

SocioDent is a startup focused on dental

innovations. Their vision is to redefine

the oral healthcare of dependent and

disadvantaged individuals through their

INR 9 lakh

product and service innovations. Their

primary focus is on catering to the dental

needs of the elderly and persons with

disabilities. They are working on

inclusive dental care solutions such as

patented mouthpiece-based oral

hygiene device and home care dentistry.

The event was attended by some eminent personalities such as Mr. Debasish Mishra, GM, Business

Solutions, State Bank of India, Mr. Vishwanath S, Visiting faculty, Azim Premji University, Mr.

Prahlathan KK, Founder, Bhumi, Mr. Vasimalai M.P., Executive Director, DHAN Foundation, Ms.

Sanchita Mitra, National Coordinator, SEWA Bharat, Mr. Liby Johnson, Executive Director, Gram

Vikas, Ms. Geeta Verghese, former Coordinator, Youth for India apart from others, who added valuable

insights and perspectives to the deliberations.

The Youth for India Conclave served as a platform for social sector organisations for dialogue,

networking and possible collaborations in the rural development sector. The Youth for India Conclave

2024 featured an array of interactive sessions, including advisory forums, speed networking, boot

camps, YFI Sahyog-The Pitch Fest, and formal and informal discussions, fostering collaboration and

knowledge exchange among non-profits, think tanks, YFI Fellows, and other stakeholders from across

the country.

Through various projects, SBI YFI Fellows have made notable contributions in diverse thematic areas,

including Health, Rural Livelihood, Food Security, Environmental Protection, Education, Water

Conservation, Technology Integration, Women’s Empowerment, Self-Governance, Social

Entrepreneurship, Traditional Crafts, and Alternative Energy. SBI Youth for India Fellowship is currently

accepting applications for the 12th batch at www.youthforindia.org/register.

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