Promoting Inclusive Growth

At ICICI Bank, promoting inclusive growth of Indians across the length and the breadth of the country is core to our organisational charter. We undertake comprehensive initiatives and collaborate with various stakeholders including the government, to catalyse meaningful socioeconomic development of the underprivileged and marginalised sections of our society. Our interventions are focussed on capacity building in key areas of national importance and skilling people to empower them to earn sustainable livelihoods by promoting microentrepreneurship and providing access to employment opportunities. The activities are largely implemented either directly or through ICICI Foundation for Inclusive Growth.

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ICICI Foundation for Inclusive Growth

ICICI Bank set up ICICI Foundation for Inclusive Growth (ICICI Foundation) in 2008 with a view to consolidate, catalyse and expand their social development efforts. ICICI Foundation’s initiatives are managed by an in-house team with project implementation capabilities. ICICI Foundation has been engaged in the areas of skill development and sustainable livelihoods, environment conservation, financial inclusion, healthcare and other social projects across rural and urban areas of the country.

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ICICI Academy for Skills (ICICI Academy) is a unique livelihood and skilling initiative of ICICI Foundation. The network of ICICI Academy, whose first centre was established in Jaipur in October 2013, has widened to 28 centres across 19 states and 2 union territories. In fiscal 2021, the Academy opened a new centre in Ranchi, Jharkhand.

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ICICI Bank takes a holistic approach to the socio-economic development in rural India. We are committed to create and strengthen local ecosystems in order to address diverse challenges faced by the country’s rural population. This commitment led to the launch of ICICI Foundation Rural Livelihood Programme in 2017. Since then, nearly 307,000 beneficiaries in over 2,500 villages have been enabled with sustainable livelihood till March 31, 2021. Of them, 61% are women. Despite the challenges of Covid-19, the programme has trained over 31,800 people - 64% of them are women - in nearly 365 villages in fiscal 2021.

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On behalf of ICICI Bank, ICICI Foundation manages two residential centres and 18 satellite centres of ICICI Rural Self Employment Training Institutes (RSETIs) in Udaipur and Jodhpur districts of Rajasthan. ICICI Foundation has been managing them since March 2011.

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ICICI Foundation collaborates with multiple stakeholders to create lasting value for a sustainable tomorrow. It is increasingly focussed on strengthening partnerships with key stakeholders including government and non-government organisations, industries and communities to deliver tangible impact at scale. It identifies, designs and executes interventions that are aligned to priorities at the national and state levels.

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Success Story