Aahar: Meals for Poor at Rs. 5, has won the grand prize ($10,000) at the Global Social Entrepreneurship Competition (GSEC) as reported by IndiaPRwire. The business plan was presented by a group of students from the Narsee Monjee Institute of Management Studies, (NMIMS) Mumbai.
GSEC was organized by the Foster School of Business at UW and featured 14 teams from around the world. All GSEC plans were required to “clearly demonstrate Social Return of Investment” and were evaluated on three criteria –
- Effect on the quality of life and poverty alleviation in the developing world
- Financial sustainability
- Feasibility of implementation
The plan presented by Aahar focuses on providing low cost nutritious meals to slum dwellers and employing local women to produce the food packets. Here is an excerpt from their business plan,