ICICI Bank provides assistance by channelising funds received from the Government of India and multi-lateral agencies for specific environmental and social projects. The Bank has a team to identify the relevant project and grant financial assistance to these projects either directly or through a collaboration. We also help these projects by sharing our expertise and knowledge with the project owners and implementation team. Some of the key projects in fiscal 2023:
Modernising Yarn Processing
ICICI Bank sanctioned grant assistance to Greenfab Solar Khadi Processing Cluster (GSKPC) to enhance capacity building at their Common Facility Centre (CFC). GSKPC, a not-for-profit organisation, set up a CFC in 2020 to procure cotton. They provide facilities such as cotton ginning, roving, manufacturing, natural dyeing and yarn doubling to groups of marginalised women for cotton yarn production at Dharni taluka in Amravati, Maharashtra. The yarn weaving charkhas are powered by solar energy. The grant assistance supported the installation and commissioning of modern tools and techniques, such as textile printing, digital printing and stitching unit with computerised embroidery. With this assistance, the organisation also proposed to develop an e-commerce website and mobile application. This initiative provides direct employment to 35 women and positively impacts life of nearly 250 solar charkha operators including 100 tribal women.
Setting up RWH Systems
ICICI Bank sanctioned another grant to Poornam EcoVision Foundation (PEF), a not-for-profit organisation, for the installation of rooftop Rainwater Harvesting (RWH) systems. The project envisaged channelisation of rainwater from rooftops through drain pipes in 100 villages in Beed district, Maharashtra. Under the project, PEF has installed filters at the bore/open wells in the villages to channelise the rainwater to underground aquifers. The project has the potential to inject around 260 million litres of rainwater in borewells every year. This would result in raising the level of groundwater effectively and ensuring availability of water in these villages. It would also make the villages free from tanker water.
4,560
RWH structures installed in 100 villages
A cotton yarn production unit powered by solar energy at Dharni taluka in Amravati district, Maharashtra
Rainwater harvesting pipes installed at a village in Beed district, Maharashtra
Watershed Development
ICICI Bank provided grant assistance to Savitribai Phule Mahila Mandal, a not-for-profit organisation, to undertake watershed development initiatives in 10 villages in Maharashtra. The project involved farm bunding over 1,500 acres of land in five villages each in Akola and Buldhana districts. It further entailed deepening and widening the length of streams by six kilometres, recharging of 150 pit structures and desiltation of small lakes. The project has increased the water level and ensured water availability for protective irrigation. It has helped in reducing soil erosion and enhancing crop production. It has also increased household incomes and improved food security for around 2,500 small and marginal farmers. The area under Rabi crop cultivation has increased by 1,400 hectares.
In a similar initiative, the Bank provided grant assistance to Sadbhavana Gramin Vikas Sanstha (SGVS), a non-governmental organisation, to implement watershed development activities in the Karanja block of Washim district, Maharashtra.
Under the project, SGVS took up desiltation of lakes and first-order streams in six villages on the banks of the river Bembla, a tributary of river Wardha. The project has led to an increase in water availability and boosted the irrigation potential in 40 villages. It would also help in controlling floods.
2,500
Farmers benefitted
3,800
Households got access to potable water
Before
After
Desiltation of water streams at Aurangpur village in Washim district, Maharashtra
Enabling Clean Cooking
Pragya Sewa Sansthan (PSS), a not-for-profit organisation, is working towards the socio-economic transformation of poor rural women in districts of Jharkhand. In fiscal 2023, ICICI Bank provided a grant for a project to produce and supply clean cooking fuel in four villages of Ranchi district in the state. The project involved installation of a biogas generation plant and supply of gas to households through piped network. The project ensures a clean indoor environment as it reduces pollution and emissions, thereby enabling better and hygienic cooking for the beneficiaries. It has led to improvement in the health of the local residents, especially women, and reduction in deforestation. The biogas slurry produced from the gas generation plant is being used as fertiliser for organic farming, improving the sustainability of the project. This initiative has benefitted 200 households in Ranchi district.
Biogas generation plant and storage unit at a village in Ranchi district, Jharkhand
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