The Big Lottery Fund is a major distributor of funds for good causes in the UK, but its principles can be applied to support local products in India. This article explains how such funding models can benefit Indian local products.
In India, local products like handcrafted textiles, spices, and agricultural goods are vital to the economy. For instance, Indian silk and cotton fabrics are renowned worldwide. By adopting funding approaches similar to the Big Lottery Fund, these products can gain better market access and sustainable development.
Overall, leveraging funds can help preserve traditional Indian crafts and boost local entrepreneurship, ensuring long-term growth. |
