jaipur in the past few decades ngos have brought several changes in dusty villages or slums often acting as agents of social change thirty such ngos were shortlisted on wednesday for a grant of rs 25 lakh from the world bank world bank institute and international finance corporation ifc under development marketplace 2011 competition they were chosen out of 264 participants from orissa bihar and rajasthan to give presentations on the impact of their venture on the people of these 14 ngos will be selected and each will get a grant of rs 25 lakh in two instalments over two yearsthe venue for the presentations was institute of health management research ihmr here the winners will be announced on thursdayinternational finance corporation ifc south asia director thomas davenport said sometime ago we provided a grant to an ngo which produced electricity from biomass initially the social enterprise supplied electricity to 510 villages but now it has covered 70 villages in the next few months it is expected to cover 100 villages such grants not only help in sustaining the social enterprise but also aiding its growth in the field the social entrepreneurs were selected on the basis of four criteria social impactby calculating number of beneficiaries of the goods and services delivered by them second sustainability in terms of numbers of years a project lasts third is the growth potential of the social entrepreneurs followed by innovationaleem m walji practice manager innovation the world bank said development marketplace dm believes in promoting innovative ideas at an early stage by providing financial support and advising the organisations on how to expand their social base he said dm will help the winning ngos or organizations with managing funds providing technical expertise and grooming leadership to yield better results sharing the success of this competition since its inception in 1998 arvind gupta lead financial sector specialist world bank institute said that models of past winners have been widely accepted and replicated in many countries the dm india is focused on identifying inclusive business models that can scale up the social impact inclusive business models are those offering goodsservices and contributing to income generation of the poor in financially sustainable waysthe world bank and international finance corporation integrate those living at the bottom of the economic pyramid into their value chains as consumers producers or distributors