GiveIndia kicks off ‘India Covid Response Fund’ with Rs 75 crore initial donations
Dr Devi Shetty, Chairman, Narayana Health, is also an advisor to the fund
GiveIndia has announced the launch of 'India COVID Response Fund' (ICRF) with initial donations of Rs 75 crore that have come in, to support the on-ground COVID relief efforts being carried out by its network of verified nonprofits.
The fund will use a data backed approach to identify the most critical areas of intervention and scale the relief efforts pan India. GiveIndia has appealed to individuals and companies to come forward and support the India Covid Response Fund in order to enable creation of a larger corpus that can support up to 10 million people nationally.
According to Govind Iyer, Director, GiveIndia and Advisor, ICRF said, “Since we started fundraising for COVID relief work on Mar 22, we have received donations from more than 2 lakh people globally, raised ₹75 crores, partnered with over 40 organisations, onboarded over 100 nonprofits, and these initial efforts will impact 1 million people. However, the on-ground requirement is much larger and our fund is an open platform for all of us to come together and support the most critical need of the hour."
Some of the early donors to the fund include the Bill & Melinda Gates Foundation, Google.org, HSBC India, Omidyar Network India, UBS Optimus Foundation, Marico, Uber India (through Uber Care driver fund), Binny Bansal and A.T.E. Chandra Foundation. Other partners in the collective are CSIP from Ashoka University, Bridgespan, Indiaspora, Sattva, Dasra and IIFL Wealth. GiveIndia has also launched a fundraiser on Facebook and invited Indians from all walks of life to come forward and join the initiative, and contribute here: bit.ly/SupportICRF.
An Expert Advisory Group has been set up to guide fundraise and allocations, including Dr Devi Shetty, (Chairman, Narayana Health), Kiran Mazumdar-Shaw (Chairman, Biocon), Sanjiv Mehta (Chairman, HUL), Surendra Rosha (CEO, HSBC India), Binny Bansal (Co-founder, Flipkart), Manoj Kohli (Country Head, Softbank), Amitabh Chaudhry (CEO, Axis Bank), Shilpa Kumar (Investment Partner, Omidyar Network India), Ingrid Srinath (Director, CSIP, Ashoka University), Arun Seth (former Chairman-BT), Amita Chauhan (Chairperson, SVP Mumbai), Shailesh Haribhakti (CA), Haigreve Khaitan (Managing Partner, Khaitan & Co), V. Vaidyanathan (MD & CEO, IDFC First Bank), Neeraj Aggarwal (Head APAC, BCG) and Karan Bhagat (MD & CEO, IIFL Wealth).
ICRF will focus on preventing the spread of the coronavirus, providing humanitarian aid, supporting our health workers and enabling the COVID-hit families to rebuild their livelihoods. GiveIndia will be working with and supporting non-profits across health, disaster relief, rural livelihoods, etc including Akshaya Patra, Goonj, HelpAge India, ActionAid, Oxfam, CRY, Srijan and many others through this fund.
“There is a healthcare crisis looming and we must act fast to protect our frontline workers. Doctors, nurses and paramedics’ safety is crucial to providing healthcare to patients and we are prioritising that through this fund. I am glad GiveIndia has brought this collective together,” says leading healthcare expert, Dr Devi Shetty, Chairman, Narayana Health, who is also an Advisor to the fund.
Sanjiv Mehta, Chairman, Hindustan Unilever, added, “Given our presence across India, we see the impact that COVID has had on all sections of society. This is a time we must all combine our efforts and ensure that no one is left behind, be it doctors at the frontline, migrant workers left without livelihoods, or our farmers across the nation.”