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Social Enterprise Development Programme
June 22 , 2018
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- Thimpu-based SAARC Development Fund (SDF) will soon be launching a social enterprise development programme (SEDP) to fund 80 entities annually across the 8-member states including India.
- The programme will be implemented in all SAARC member states with objective of identifying and building social enterprises by using mix of grants and concessional returnable capital.
- SDF was established by heads of all eight SAARC member states during 16th SAARC summit at Thimphu, Bhutan in April 2010.
- Its Governing Council comprises finance ministers of these eight countries. SDF’s Secretariat is located at Thimphu, capital of Bhutan
- It is successor of South Asian Development Fund (SADF), which was launched in 1996 by merging two existing facilities called
- SAARC Fund for Regional Projects (SFRP) and
- SAARC Regional Fund.
- SDF was created as umbrella financial mechanism for all SAARC developmental projects and programmes.
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