Protecting human capital to emerge from the crisis

Corporate leaders recommend fortified social security provisions for gig economy workers. Business leaders called for reimagined approaches to social security and employer-employee relationships in the gig economy in light of the gaps that the COVID-19 crisis has revealed.

Empathy and economic sense call for direct cash transfers

During a Leaders with Purpose webinar hosted by Samhita and IDFC Institute on 11 May 2020, Nobel Laureate and Director of J-PAL, Esther Duflo emphasized that direct cash transfers to the poor is both the morally correct and economically wise action required to be taken by larger society.

How India Inc can craft an effective response to the pandemic

Corporate India plays a critical and urgent role in mitigating the economic, and health impacts of the pandemic. Industry leaders, public health experts, experienced members of social enterprises and thought leaders such as Nobel laureate Esther Duflo came together for Samhita’s ‘Leaders with a Purpose’ webinar series, to address the need for collaborative partnerships across stakeholders. Read on to find out more about the invaluable role corporate India can play in the arena of promoting behaviour change, providing innovative and technological solutions to secure their own supply chains, microentrepreneurs, hospitals, and rural and distant communities.

How India Inc can craft an effective response to the pandemic

Corporate India plays a critical and urgent role in mitigating the economic, and health impacts of the pandemic. Industry leaders, public health experts, experienced members of social enterprises and thought leaders such as Nobel laureate Esther Duflo came together for Samhita’s ‘Leaders with a Purpose’ webinar series, to address the need for collaborative partnerships across stakeholders. Read on to find out more about the invaluable role corporate India can play in the arena of promoting behaviour change, providing innovative and technological solutions to secure their own supply chains, microentrepreneurs, hospitals, and rural and distant communities.

STFC: How to drive impact in the line of business

With an aim to convert the corporate social responsibility, STFC adopted an impact lens for the same sector their financial products and services are aimed at – transportation and logistics. Mobilizing resources to bridge the skill gap in the industry, STFC trained more than 35,000+ people across India to become skilled commercial drivers. 

The STFC Story

STFC was set up with the objective of offering the common man a host of products and services that would be helpful to him on his path to prosperity. Over the last few years, while their financial products and solutions did help the logistics and transportation industry, a host of external factors adversely affected the number and quality of truck drivers – the primary human capital.

All these factors have contributed to reduce the desirability of truck driving as a profession and created a shortage of skilled drivers in the country. About 28% of the 8.5 million trucks in the country are currently idle, with the shortage projected to rise to about 50% by 2022. To address the shortage of skilled commercial vehicle drivers and create dignified working opportunities for them in other segments, STFC and Samhita curated a flagship program that aims to augment livelihoods through vocational and skill training.

IMPACT ACROSS THE PEOPLE, PLANET, PROFIT (PPP) FRAMEWORK

WASH Platform | Wash Grand Challenge (2019)

The WASH Platform builds synergistic collaboration between multiple stakeholders from the Private Sector, Development Sector and the Government, to identify, implement and replicate high impact projects across the sanitation value chain, starting from the state of Maharashtra.

The platform is a joint initiative between Samhita Social Ventures and India Sanitation Coalition in partnership with The Government of Maharashtra, The Bill and Melinda Gates Foundation with UNICEF and CEPT University as knowledge partners.

The revival of the informal sector is crucial to our economy

‘It is evident that there are strong linkages between the formal and informal, as well as between large and small segments of the economy. In order to comprehend the extent and scale of these linkages, it is important to take a closer look at the labour force participation data for the Indian manufacturing sector.’

LSE