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Mumbai (Maharashtra) [India], March 24 (ANI/PRNewswire): DBS Foundation, with its continuous focus on sustainability, has awarded grants to three Indian Social Enterprises through its Social Enterprise Grant Programme.
DBS Bank provides aid for social enterprises
Staff writer
With many businesses hit hard by the COVID-19 pandemic this year, DBS Bank Ltd (星展銀行) has stepped up its support of social enterprises (SE) with a disbursement of loans and grants totaling S$9 million (US$6.74 million) to provide much needed assistance for social enterprises, it said, adding that it is committed to promoting the development of social enterprises.
DBS also announced that 13 Asian social enterprises, including Taiwan-based Sense Innovation (森思眼動), Milk House (鮮乳坊) and Tsai Tung Agriculture (菜蟲農食), have been awarded grants and loans as part of the 2020 DBS Social Enterprise Grant Programme.
According to Karen Ngui (魏洪英), DBS Foundation board member and head of group strategic marketing at DBS Bank, “companies must not only think about delivering value to shareholders, but also consider the interests of the communities they serve.”