Page 22 - Banking Finance March 2025
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ARTICLE

          drive greater  resources  towards market-based  health  into fuel and developing waterless hygiene products. These
          solutions that can improve access to affordable and quality  efforts demonstrate a holistic approach to health that
          healthcare services for India's most vulnerable people.  considers environmental impacts alongside social equity.

          Tis initiative's immediate goal is to bridge supply-side gaps  Challenges and Facilitators
          in emergency health services while its long-term vision seeks
          to strengthen comprehensive healthcare for approximately  Despite its successes, SAMRIDH faces several challenges.
          540 million socioeconomically vulnerable individuals. Key  Awareness  of  blended  finance  applications  among
          objectives include identifying sustainable business models,  healthcare enterprises is low, and many lack the managerial
                                                              capabilities to explore new funding avenues. There is also
          mobilizing grant and debt commitments, reducing out-of-
                                                              limited knowledge regarding the importance of measuring
          pocket  expenses  for  underserved  communities,  and
          promoting Environmental, Social, and Governance (ESG)  and communicating impact, hindering the scalability of
          principles in investment decisions.                 blended finance solutions.

          The Impact of SAMRIDH                               To address these challenges, SAMRIDH employs a LEGO
                                                              approach (Living Engineering Process), using various financial
          In its first two years, SAMRIDH mobilized nearly $300 million  building blocks to achieve desired outcomes. The initiative
          in funding, improving healthcare access for over 25 million  fosters collaboration among stakeholders, ensuring a robust
          individuals across 28 states. Leveraging an initial grant of  governance structure that includes an Advisory Committee
          $12 million, SAMRIDH facilitated $100 million in commercial  of experts to oversee funding disbursement and ensure
          investments and provided capacity building for over 17,000  sustainability.
          healthcare professionals. The initiative deployed health
          solutions in over 1,000 medical facilities, enhancing service
          delivery  and  directly  serving  more  than  5.2  million  Future Directions and Lessons Learned
          vulnerable individuals.                             The blended finance market in India is expanding, attracting
                                                              diverse capital to enhance healthcare financing. SAMRIDH
          SAMRIDH's innovative approach highlights the potential of  aims  to  improve  healthcare  access,  particularly  for
          blended finance to address healthcare financing gaps  vulnerable  populations,  and  provides  early-stage
          effectively. This model can be a blueprint for other nations  organizations access to affordable commercial capital. The
          seeking to enhance their healthcare systems while achieving  initiative has garnered recognition, being awarded the 2022
          the United Nations Sustainable Development Goals (SDGs).  P3 Impact Award, reflecting its collaborative strength.

          Social Impact and Innovations                       As SAMRIDH continues to grow, it highlights the importance
          SAMRIDH has prioritized solutions that serve vulnerable  of supportive policies, mobilizing private sector funding, and
          populations, particularly women and children. Its primary  adopting ESG frameworks to enhance blended finance for
          healthcare  initiatives  include  mobile  health  vans,  social development. The initiative underscores how innovative
          telemedicine canters, and health camps. For example,  financing mechanisms can drive meaningful change in
          organizations supported by SAMRIDH, such as Sevamob and  healthcare, improving quality and access for millions in India.
          Karma Healthcare, have reached over 12 million people,
          with around 60% being women.                        Conclusion

          In addition to service delivery, SAMRIDH has addressed supply  The SAMRIDH initiative exemplifies the transformative
          chain challenges by enabling on-demand drone delivery of  power  of  blended  finance  in  addressing  healthcare
          medical supplies to remote areas and enhancing cold storage  challenges. By fostering innovation and entrepreneurship in
          networks.  The  initiative  has  also  improved  health  the health sector, SAMRIDH is poised to create a sustainable
          infrastructure through projects like Mission ICU, which has  ecosystem that enhances healthcare access and quality for
          established critical care facilities in tier 2 and 3 cities.  India's most vulnerable populations. Continued support and
                                                              investment in such initiatives are essential to achieving
          Furthermore, SAMRIDH supports innovations focused on  equitable health outcomes and fulfilling the broader goals
          environmental sustainability, such as recycling plastic waste  of social equity and sustainable development.

            20 | 2025 | MARCH                                                              | BANKING FINANCE
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