Supporting Environmental Projects with Grant Assistance

ICICI Bank has been supporting various social and environmental projects with funds received as grants from the Government of India. The Bank identifies key projects to provide financial assistance from these funds. In addition, the Bank extends its expertise and knowledge to facilitate execution of these projects.

Some of the environmental projects undertaken in fiscal 2024 are mentioned.

Strengthening Rural Livelihood

ICICI Bank sanctioned a grant to Apeksha Homoeo Society (AHS), a Maharashtra-based Non-Governmental Organisation (NGO), to help people to improve their livelihood in 10 villages each in Amravati and Washim districts in the state of Maharashtra. The project involves creating awareness and providing training to the beneficiaries for preparation of organic compost, planting of crops, development of seed banks, establishment of goat and poultry units and other allied agricultural activities. It also includes conducting regular health check-up of livestock and driving awareness campaigns on the existing government schemes which support livelihood development. With this financial assistance, which was sanctioned in December 2023, the project has already benefitted over 400 families in fiscal 2024 and is likely to help another 4,300 households till December 2024.

Promoting Rainwater Harvesting

ICICI Bank also provided a grant to Parivartan Samajik Sanstha (PSS) to facilitate the installation of rainwater harvesting systems (RWH) in 30 villages at Kalamb taluka in the aspirational district of Dharashiv in Maharashtra.

PSS is an NGO based in Dharashiv (formerly Osmanabad) and is dedicated to creating a positive change in the lives of marginalised communities in the region. Its programmes include women empowerment, financial literacy, environmental awareness, sustainable agriculture, climate-resilient farming and water conservation. With the grant from ICICI Bank, PSS aims to create 1,055 RWHs and install filters at the borewells to channelise rainwater to underground aquifers in 15 villages by June 2024, benefitting nearly 4,500 people. The RWH systems have the potential to collect around 35 million litres of water in the borewells every year. This initiative is helping the villages to have sufficient water and setting them free from water tankers.

ICICI Bank was honoured with the Jal Prahari Samman in the event supported by Ministry of Jal Shakti for this initiative. Please refer to page 40 to read about a few key social projects undertaken in fiscal 2024 with grant assistance.

Read about a few key social projects undertaken in fiscal 2024 with grant assistance, Click here

A photograph showing a rainwater harvesting pipe installed on the side of a brick building in Babhalgaon village, Dharashiv district, Maharashtra. The image highlights the sustainable water management practices being implemented in rural areas.

A location is notified as ‘aspirational district’ by the NITI Aayog (National Institution for Transforming India), set up by the government of India in 2018 to identify geographical areas which have lesser progress in key focus areas and are adversely affected by low socio-economic indicators.