Providing Grants for Social Welfare Projects
ICICI Bank is committed to supporting social welfare initiatives by offering financial aid to various projects funded through grants from the Government of India. The Bank identifies projects in need of financial assistance and leverages its extensive expertise to facilitate the execution of these developmental endeavours.
Key social initiatives in fiscal 2025:
Promoting Health Services
ICICI Bank has sanctioned grant assistance to Jan Sewa Parishad Hazaribag (JSPH), a Jharkhand-based NGO, to promote healthcare services across 20 villages in the state. JSPH works in areas such as healthcare, education, environmental conservation and livelihood promotion for the marginalised people of the region.
This initiative is expected to benefit around 4,000 children and aims to reduce malnutrition rates within communities in a period of two years. The focus is on decreasing cases of severe and moderate acute malnutrition particularly among vulnerable tribal groups, scheduled castes, scheduled tribes and persons with disabilities. These efforts cover children in 10 villages each in the Churchu block of Hazaribag district, and Simaria block of Chatra district, both classified as aspirational districts by the Government of India.
Facilitating Rural Education
A grant has been provided by ICICI Bank to the Rural Life Development Society (RLDS) for constructing an English-medium school building in Muniguda block of Rayagada district in Odisha, designated as an aspirational district. RLDS works towards the empowerment and development of underprivileged communities in the rural and remote regions of Kalahandi and Rayagada districts.
The grant will enable RLDS to complete the construction of the school building, comprising six classrooms, ensuring free education for impoverished children in the region.
Supporting Cataract Surgeries
ICICI Bank has extended grant support to Yugrishi Shriram Sharma Acharya Charitable Trust for conducting cataract surgeries for 720 individuals from various aspirational districts in Bihar including Aurangabad, Begusarai, Katihar, Khagaria, Purnea and Sitamarhi. The procedures were carried out at Akhand Jyoti Eye Hospital (AJEH), operated by the Trust. AJEH, a prominent non-profit hospital, has been providing accessible, affordable, and high-quality eye care for over 18 years. The grant will help eliminate avoidable blindness in these districts.
Supporting RSETIs
ICICI Bank continued to assist the Rural Self Employment Training Institutes (RSETIs) in Udaipur and Jodhpur in Rajasthan during fiscal 2025. These institutes, operated by ICICI Satat Aajeevika Society and managed by ICICI Foundation have been supported since 2010. The Bank’s grants enable infrastructure upgrades, introduction of new training courses, and increased outreach to unemployed youth. In fiscal 2025, the institutes trained nearly 5,400 individuals from economically marginalised areas to enhance and develop their skills and boosting job placement opportunities.
Environmental Initiatives
ICICI Bank also supports environmental projects across the country, leveraging funds received through grants received by the Government. The Bank prioritises projects based on their environmental impact, focussing on key areas such as rainwater harvesting (RWH), watershed development, and green energy initiatives.
‘Aspirational districts’ are regions identified by the NITI Aayog (National Institution for Transforming India), a policy think tank of the Government of India. These areas lag in socio-economic indicators as compared to the national average and require focussed development efforts.
