Grant Assistance for Socio-Economic Development

ICICI Bank extends support to various socio-economic development projects across the country. It provides them with funds received as grants from the Government of India. Such development projects include rural livelihood and employment training, among others.Some of the Bank’s social initiatives are:

Supporting Rural Self Employment Training Institutes

Since 2010, ICICI Bank has been supporting two Rural Self Employment Training Institutes (RSETIs), managed by ICICI Foundation for Inclusive Growth. These RSETIs are being operated by ICICI Satat Aajeevika Society (ISAS) in Udaipur and Jodhpur districts, Rajasthan. The Bank assists them in upgrading their infrastructure, spreading awareness about the existing training courses, introducing new courses and facilitating recruitment. In fiscal 2024, ICICI Bank sanctioned grant assistance to the RSETIs for training the youth, particularly from economically backward, underprivileged and marginalised communities. The assistance is aimed at improving the quality of training programmes by including new courses based on market demands, which would ensure a better placement ratio. In fiscal 2024, RSETIs have trained over 20,000 youths in 48 different courses including ‘Dairy Farming & Vermicomposting’, ‘Goat Rearing’, ‘Organic Farming’, ‘Vegetable Nursery Management and Cultivation’, ‘Sustainable Agriculture’, ‘Papad, Pickles and Masala Powder Making’ among others. The trainees comprised 75.5% women. Post these trainings, nearly 90% of the youth were successfully placed.

Vocational Training and Livelihood Centre

ICICI Bank provided financial assistance to Dehaat Foundation for constructing a vocational training and livelihood centre at Pauni village in Bhandara district, Maharashtra. Dehaat Foundation is a Nagpur-based not-for-profit company engaged in empowering youth and women in rural India to gain knowledge, skills and financial independence. The proposed centre is envisioned as a seamless platform for inhouse production and training of youth and women through short-term vocational courses. It is expected to benefit around 300 people every year by providing them with an assured income source upon completion of the course. Read about a few key environmental projects undertaken in fiscal 2024 with grant assistance, Click here.