SHILLONG, Feb 19 � The World Bank would provide Rs 94 lakh as grant to any 10 organisations from Assam, Meghalaya and Mizoram, which helps the poor through their innovative services.
In this competitive grant programme, organisations must apply to the World Bank at www.dm-india.com and the selection of the organisations would be done by a jury of development experts drawn from India and abroad, World Bank officials said here today.
Launching the 2014 India Development Marketplace (DM) here, the team leader of the programme, Drew Von Glahn said that proposals are being sought from organisations working for the poor and having at least two years experience in their relevant fields. �Development Marketplace would award 10 organisations with grant funding up to Rs 94 lakh each,� Glahn said.
The DM leader said that the World Bank has set certain guidelines before selecting and awarding the grant and added that a thorough background check of the organisations would be undertaken by the team of experts. He said that one of the criteria of the selection process is the innovation involved in the service delivery.
�The objective of the programme is to identify solutions that have a clear social impact,� Glahn said.
He further added that the funding would cover a period of two years and the World Bank would constantly monitor and support use of the fund during the period.