"There are sources of funding within India, but it is not easy, most people want a quick return," said Bakshi, who started ScrapApp in September 2015 with three colleagues. "There are a lot possibilities if we explore sources of finance overseas. He, however, added much of the capital for social enterprise comes from outside of India. "A lot of people see India as an opportunity overseas, especially in America," said Venkataramana. According to Intellecap's Agrawal 70% of all impact investment in India goes towards microfinance enterprises - a tried and tested model that can quickly reach masses of people.

Source: Economic Times September 15, 2016 08:15 UTC