SAMRIDH Impact Solutions Pvt. Ltd.

Choosing the right programme

• Recoverable Grants is the programme this page covers.
• It requires a proven business model and a minimum revenue, so it is not for early-idea ventures.

How applications work

• Applications are accepted on a rolling basis.
• Apply through the Apply for Funding page on the organisation's website.
• Funding decisions come 20 to 45 days after an application is received.
• Projects run from 3 months to 1 year.

Before you apply

• Check that your organisation has been legally registered in India for at least two years.
• Check your last audited financial statements against the revenue requirement.
• Check that your work serves Tier-2 or Tier-3 cities or priority populations.
• Confirm the funding terms directly. The organisation's website says it does not offer equity, but some third-party listings describe its funding differently.

SAMRIDH Impact Solutions (SIS) Pvt. Ltd. is a private limited company and a subsidiary of IPE Global Ltd. It runs SAMRIDH, an initiative that offers grant and debt financing to healthcare enterprises and innovators in India, to add capacity for producing and supplying high-impact health solutions. The initiative says it launched in 2020. The company's incorporation year is not stated on its site.

Recoverable Grants

Recoverable Grants is the programme open for applications. The initiative lends or provides grants, and the borrower is expected to repay the original principal over the stated period. The initiative says this helps social enterprises build sustainability for their interventions and a credit history, which can make them more investment ready later. Projects run from 3 months to 1 year, and applications are accepted on a rolling basis.

Who can apply

Healthcare enterprises can apply, whether for-profit or not-for-profit. The organisation must be legally registered in India at least two years before the application date. It must also have a proven business model and a minimum revenue, measured on its last audited financial statements. Applicants should focus on Tier-2 and Tier-3 cities and on priority populations, such as the rural and urban poor, people on low middle incomes, and tribal populations.

How funding decisions are made

A decision on funding comes 20 to 45 days after an application is received.

Scale and recognition

The initiative's homepage gives self-reported counts: 90 solutions supported, 4,200 health facilities, 38,000 medical staff, community health workers and nurses trained, and 45 million touchpoints with people. These are not audited totals.

The site names GNRC Hospitals, a chain of multi-specialty hospitals in Assam, as a supported organisation. It says InnAccel Technologies has used SAMRIDH's support to raise further grant funding and plans to raise equity, a leverage of about 7x over SAMRIDH's support.

The initiative says it won the P3 Impact Award at the 2022 Concordia Annual Summit in New York. It also says the World Economic Forum recognised it among India's top 50 COVID-19 last mile responders, and that it joined the G7-endorsed Impact Investment Initiative for Global Health as a founding member.

Equity and terms

Its website states that it does not offer funds through equity ownership in an entity. Some third-party listings describe its funding differently, so confirm the terms directly with the organisation before you apply.