Ten days after announcing a grant to four social enterprises in Singapore, DBS, the Development Bank of Singapore, announced the launch of a new program in China. The program aims to support the development of social enterprises throughout the country. In this context, DBS China announced to provide grants to four promising social enterprises to offer training sessions to over 2 300 underprivileged individuals in Beijing, Chengdu, Shanghai and Shenzhen within the next two years. The goal is to teach them valuable skills that improve their employability. In addition, the bank plans to support and facilitate the development of sustainable business models by social enterprises.
The development programs DBS China decided to support are Baby Nursing Training for Migrant Women, Future Artist Program – Artist Talent Discovery Classes, Graphic Design Training Program for the Hearing Impaired and Dialogue in the Dark – Employable Skills Training for the Visually Impaired.
The four chosen initiatives are also supported by the Fuping Development Institute, a non-profit organisation with the purpose to alleviate poverty and promote sustainable development.