DBS Bank India has joined hands with social enterprise Haqdarshak to enable the recovery of Indian businesses through Haqdarshak’s newly launched platform, which offers access to MSME-focused government-assisted schemes across the country. Haqdarshak developed a new platform for MSME-focused government welfare schemes, covering registrations, documentation, and applications for financing. In 2018, Haqdarshak received DBS Foundation’s annual Social Enterprise (SE) Grant for its citizen-focused platform. In 2020, just like other businesses, social ventures were struggling to meet their impact and financial goals during the pandemic. In an effort to stand by their supported enterprises in this difficult time, DBS Foundation constituted a Business Transformation and Improvement (BTI) Grant to provide additional funding to the past grant awardees, so that these enterprises could protect jobs, as well as a pivot in search of new income streams. Haqdarshak received funding under the DBS Foundation BTI Grant, earlier this year, ultimately empowering it to continue serving its beneficiaries and the wider MSME community. Haqdarshak’s first platform was designed to ensure that citizens can access and apply for government and private welfare schemes. The new platform provides information around government schemes such as SIDBI Loan Scheme for MSMEs, Emergency Credit Line Guarantee Scheme, Prime Minister Street vendor’s AtmaNirbhar Nidhi Yojana, etc. With this initiative, Haqdarshak aims to reach 100,000 MSMEs and support 1 million jobs annually.
