Annual Report - ICICI Foundation

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Annual Report

2011 2012

Mission

To empower the poor to participate in and benefit from the Indian growth process through integrated action in the fields of elementary education, sustainable livelihoods, primary health and financial inclusion. This will be achieved through active collaboration with the government and independent organisations.

V i s ion

A world free of poverty in which every individual has the freedom and power to create and sustain a just society in which to live.

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C o n t ent

For over five decades, the ICICI Group has actively contributed to India’s economic growth and development. Promoting inclusive growth has been a priority for the Group from both a social and business perspective.

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Message from Mr. K.V. Kamath

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Message from Ms. Chanda Kochhar

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Message from Mr. Subrata Mukherji

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Our Initiatives across India

7

Elementary Education

8

Sustainable Livelihoods

22

Primary Health

32

Access to Finance

44

In the News

50

Financials

62

We strive to make a difference to our customers, to society and to the nation’s development directly through our products and services, as well as through our development initiatives and community outreach programmes. ICICI Foundation for Inclusive Growth (ICICI Foundation) was established by the ICICI Group in early 2008 to carry forward and build upon its legacy of promoting inclusive growth. ICICI Foundation works with government authorities and specialised grassroots organisations to support development work in its four identified focus areas. We are committed to investing in long-term efforts to support inclusive growth through effective interventions. This year our increased focus in each of our programmes in the areas of elementary education, sustainable livelihoods, primary health, and access to finance has enabled us to ensure that our impact on the ground is maximised for beneficiaries.

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Message from the Council, Chairman Governing ICICI Foundation for Inclusive Growth

The transformation of the Indian economy and its continuing growth potential create immense opportunity for addressing the issues of poverty in an accelerated timeframe by building capacity among the poor and underserved to participate in this growth. This requires building an inclusive growth framework with innovative interventions in key areas like education, sustainable livelihoods and healthcare.

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The transformation of the Indian economy and its continuing growth potential create immense opportunity for addressing the issues of poverty in an accelerated timeframe by building capacity among the poor and underserved to participate in this growth. This requires building an inclusive growth framework with innovative interventions in key areas like education, sustainable livelihoods and healthcare. These are the pillars that are required for sustaining long-term growth and prosperity. The ICICI Group, through ICICI Foundation for Inclusive Growth, is committed to helping to create an ecosystem that promotes inclusiveness and delivers holistic benefits for every segment of society. We have focused on intervening in areas that would empower people to benefit from the rapid growth in the economy. This year, ICICI Foundation further strengthened its efforts in the identified areas of elementary education, sustainable livelihoods, primary health, and access to finance. Our activities focused on building capabilities and developing innovative models in these areas that can be replicated and scaled up in future. Our initiatives are being implemented through partnerships with government institutions and independent grassroots organisations with the aim to comp