Returnable Grants
Returnable Grants
Returnable Grants (RGs) have revolutionized the landscape of financing and social impact, providing leverage from a funding perspective while creating a multiplier effect for participants that drives positive change.
Principles of Returnable Grant
Ethical Financing
Zero interest, zero collateral loan like CSR and FCRA compliant financial instrument
Gifted Grants
No legal obligation on grantee to repay grant
Smooth Credit Evolution
Repayment aids to transitioning to a more formal credit guarantee
Repaying with Ease
Easy & flexible terms to repay grant money
Ethical Financing
Zero interest, zero collateral loan like CSR and FCRA compliant financial instrument
Gifted Grants
No legal obligation on grantee to repay grant
Smooth Credit Evolution
Repayment aids to transitioning to a more formal credit guarantee
Repaying with Ease
Easy & flexible terms to repay grant money
The Solution to Financial Challenges Facing MSMEs
- Lack of collateral to access formal bank loan
- Inability to raise capital or scale business
- Shortage of capital
- Threat of high interest rate from private moneylenders
- Allows money to be directly credited into the participants’ accounts or given out as cash equivalents such as vouchers
- Enables MSMEs to operate for longer periods to scale, and/or adopt new techniques and products
- Levies individuals with a moral (and not legal) obligation to repay
- Potential ability of selected participants to repay as a cohort
- Access to financial literacy training and a pre-credit score that can put them on a pathway to access formal credit
The Solution to Financial Challenges Facing MSMEs
- Lack of collateral to access formal bank loan
- Inability to raise capital or scale business
- Shortage of capital
- Threat of high interest rate from private moneylenders
- Allows money to be directly credited into the participants’ accounts or given out as cash equivalents such as vouchers
- Enables MSMEs to operate for longer periods to scale, and/or adopt new techniques and products
- Levies individuals with a moral (and not legal) obligation to repay
- Potential ability of selected participants to repay as a cohort
- Access to financial literacy training and a pre-credit score that can put them on a pathway to access formal credit
Journey so far…
Journey so far…
Creating evidence on good financial & digital behavior for the vulnerable locked out of the formal economy
Creating evidence on good financial & digital behavior for the vulnerable locked out of the formal economy
5-7x
multiplier effect & transformative long-term change
97%
repayment rate despite no legal obligation on grantee
33,000
participants impacted
till date
Journey so far…
Creating evidence on good financial & digital behavior for the vulnerable locked out of the formal economy
5-7x
multiplier effect & transformative long-term change
97%
repayment rate despite no legal obligation on grantee
33,000
participants impacted
till date
News and Updates
- July 11, 2023
India’s informal sector makes up a significant portion of the country’s workforce ~43% and provides employment opportunities for millions,
- June 20, 2023
In India, the informal sector represents a significant portion of the workforce, employing more than 90% of workers and contributing
- May 31, 2023
Returnable Grants (RGs) have emerged as a transformative financial instrument, driving economic empowerment and livelihood for vulnerable communities. A Returnable
- May 24, 2023
Returnable Grants (RGs) have revolutionized the landscape of financing and social impact, providing leverage from a funding perspective while creating
- February 14, 2022
The COVID – 19 lockdown has adversely impacted the most vulnerable sections of society, such as informal workers, farmers, street
- January 13, 2022
When a nationwide lockdown was announced, it immediately had a harsh effect on street vendors. An almost empty city without
- January 13, 2022
Through the REVIVE Allaince, Brihati Foundation is supporting 2 batches of farmer cohorts in the state of Gujarat, by providing
- January 13, 2022
Given the steep hit that the garment industry took due to COVID-19 and the impact it had on the livelihood
- January 13, 2022
The COVID pandemic resulted in the shutting down of a lot of businesses and beauty salons were one of them.
- November 18, 2021