Question

The SAARC Development Fund (SDF) to launch Social Enterprise Development Programme (SEDP) in all SAARC member states. Where is the Secretariat of SDF located?

• A. New Delhi
• B. Thimphu
• C. Kathmandu
• D. Colombo

Answer 1

Answer: (B)

Thimphu

The SAARC Development Fund (SDF) will soon launch a Social Enterprise Development Programme (SEDP) to fund approx 80 enterprises across the 8-member states annually. As part of SDF social window, the SEDP will be implemented in all the SAARC member states (Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka) with an objective of identifying and building social enterprises by using a mix of grants and concessional returnable capital. The SDF is organising a two-day SDF partnership conclave in New Delhi from July 2. Niti Aayog CEO Amitabh Kant would deliver the key note address. SDF, whose Secretariat at Thimphu in Bhutan, was established by the heads of the 8 SAARC member states in April 2010 and its governing council comprises finance ministers of these eight countries.