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Financial assistance to the local community for starting financially and socially sustainable businesses

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Financial assistance to the local community for starting financially and socially sustainable businesses

Financial assistance

Grant or Seed Funding Programs

Evidence

  • Documentation of university-managed grant programs or seed funding initiatives for startups or community entrepreneurs.
  • Examples of specific businesses or entrepreneurs who received financial support, with details on the amount provided and its impact.
  • Testimonials from beneficiaries, demonstrating how the financial assistance enabled them to launch or scale their businesses.

Example:

"The university provided seed funding of INR 10 lakh to 15 startups over the past three years under its entrepreneurship grant program. One such beneficiary, a local agro-tech startup, increased sustainable crop yields by 30% in the region, directly benefiting 200+ farmers."

Collaborative Financial Support Programs

Evidence

  • Memorandums of Understanding (MOUs) or agreements with governmental or non-governmental agencies for co-financing initiatives.
  • Reports or case studies highlighting financial assistance extended through collaborations.
  • Impact assessment reports showcasing how these partnerships benefited the local community.
SPARKLE CINE Data for THE impact Rankings 2025

Revolving Funds or Subsidized Services

Evidence

  • Records of revolving loan funds or subsidized services provided by the university to local entrepreneurs.
  • Details on the terms of financial assistance (e.g., low-interest loans, repayment schedules) and examples of successful repayments and reinvestments.
  • Data showing how many businesses benefited and the overall impact on local economic development.

These evidences collectively demonstrate the university's financial commitment to fostering economically and socially sustainable businesses in the community.