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The World Bank Group (WBG) has granted GNRC, which was formerly known as Guwahati Neurological Research Centre a grant of $150,000.
WBG, through its India Development Marketplace (IDM) initiative, chose to present this grant during a conference and workshop on development marketplace in Guwahati, according to a statement by the WBG. Through its India Development Marketplace initiative, the World Bank Group (World Bank and the International Finance Corporation) identifies and supports scalable, replicable and financially sustainable projects that offer solutions to the most pressing social, environmental and economic problems.
Further, the grant was announced by Onno Ruhl, Country Director, India, World Bank and Anil Sinha, Regional Head, South Asia Inclusive Business Models, International Finance Corporation (IFC) IFC, a member of World Bank Group, and is one of the largest global development institution focused exclusively on the private sector.
"IDM 2014 has surfaced some innovative solutions for delivering crucial services - in healthcare, finance, education, water and sanitation - to the poor living in Assam, Mizoram and Meghalaya", said Ruhl. "From scaling up access to low cost healthcare, tapping unbanked populations through technology, to providing energy efficient solutions for water and sanitation issues, and their work with the communities helps us, and the government, understand what really works on the ground," he added.
“Inclusive businesses have the potential to provide innovative and sustainable last mile delivery solutions in assisting the under-served. Linking these early-stage enterprises to next-stage financing through grant support and advisory services will refine and strengthen their business models and ensure their sustainable impact over the long-term. The focus of 2014 India Development Marketplace in northeast India will help support inclusive growth in this priority region”, said Sinha.
“The grant and tailor-made capacity development programme by the World Bank Group (WBG) is a big support to our mission of making a meaningful impact in the lives of people by providing quality healthcare services at affordable prices, said Nomal Chandra Borah. It will help us to scale up our operating model and bridge the gap between healthcare requirement and availability,” he added.
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