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The Small-Scale Sustainable Infrastructure Development Fund (SThe Small-Scale Sustainable Infrastructure Development Fund (S
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IDF)IDF)
 
S S 
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IDF-US – Cambridge, MA, USA –IDF-US – Cambridge, MA, USA –
 
a public charity under Section 501(c)(3) of U.S. tax codea public charity under Section 501(c)(3) of U.S. tax codeS S 
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IDF-India – Bangalore, India –IDF-India – Bangalore, India –
 
a Section 25 not-for-profit company with Section 80G tax exemptiona Section 25 not-for-profit company with Section 80G tax exemption
SS
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IDFIDF
 –  –  A Social Merchant Bank –  A Social Merchant Bank – 
 
 
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India’s Poverty and EmploymentIndia’s Poverty and EmploymentStatisticsStatistics
300 million living below poverty in India
About 9 million living below poverty in Karnataka state and about 35 millionin South India; majority of the poor without infrastructure services necessaryfor development
India’s labour force is growing at a rate of 2.5% annually (~7 million) butemployment is growing at only 2.3%(~6.4 million); plus there are previousback logs
60% of India work force is self-employed – many of whom remain poor;nearly 30% are casual workers (get work only when they are able to get jobs – remain unpaid rest of the days); only about 10 percent are regular employees
90% of labour force employed in unorganised sector – no social/jobsecurity; minimum wage act marginally implemented; In rural areasagriculture workers form bulk of unorganised sector while in urban, contractand sub-contract as well as migratory agricultural labourers
India’s Ninth Plan projects that at 7% growth rate per annum, the reductionin open unemployment rate from 1.9% (~7.5 million) in 1996-97 to 1.47%(~6.6 million) in 2007.
 
 
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India’s Rural Infrastructure StatisticsIndia’s Rural Infrastructure Statistics
Infrastructure (electricity and productive end-uses, telecommunication,transport and drinking water and sanitation) is a necessary and critical ingredient for the economic growth and decline of absolute poverty 
18% of villages don’t have electricity and 46% of households are not covered – leads to no lighting, no productive end uses thus minimal economic activity –Requires Rs 1,07,823 crores for full coverage; average annual investments for last 10 years Rs 8,800 crores
Telecommunication – 1.9 per hundred of population; 98% of villages havepublic telephones but this is not sufficient; Rs 92,690 crores for full coverage;BSNL average annual budget Rs 2,700 crores
44% of rural population not covered by road network and transportation; Rs15, 643 crores for full coverage; average annual investments Rs 2,133 crores
95% of rural population have access to some sort of drinking water source.The operation and maintenance is poor due to lack of funds.
 As is evident from the statistics above, the funds required to cover the demand isway above what the government (and grants from international funding agencies) alone can achieve. Hence the most plausible solution is for othersto participate and for alternative sources of investment.
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