ICICI Foundation
Promotes inclusive growth and empowering communities across India
About
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Headquarters
Mumbai, Maharashtra
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Since
2008
ICICI Foundation, part of the ICICI Group, has been a significant contributor to India's economic development for over six decades. Its mission revolv Read morees around promoting inclusive growth in India, focusing on areas such as primary healthcare, elementary education, skill development, sustainable livelihood, financial inclusion, and rural development. Its vision is to become a leading institution in India for promoting inclusive growth by facilitating widespread participation in economic opportunities across the country. ICICI Foundation's commitment to inclusive growth goes beyond its financial services; it actively engages in development initiatives and community outreach efforts. Its efforts are directed at improving various aspects of society, from healthcare and education to skill development and rural development, with the aim of ensuring that a broader section of the Indian population can access and benefit from economic opportunities.
Cause Area
Impact
ICICI Foundation has positively impacted the lives of over 765,000 beneficiaries through a diverse range of 70+ courses offered in more than 2,000 locations, while also equipping over 1.2 million individuals with essential financial literacy skills.
Programs
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ICICI Academy for Skills Programme
In 2013, ICICI Foundation for Inclusive Growth launched the ICICI Academy for Skills (ISA), a nationwide initiative aimed at addressing the demand for skilled labour and creating sustainable livelihood opportunities for disadvantaged youth. ISA provides free vocational training in 13 technical and 4 office skill courses through 26 academies spread across 20 States/Union Territories. These training programmes are designed in collaboration with industry leaders, ensuring they are relevant to the job market. The Foundation boasts a 100% placement record for its graduates, partnering with over 1300 placement companies, including well-known names like Godrej & Boyce Manufacturing Company Limited, ICICI Bank, Reliance Retail, and more. This initiative empowers youth to build a better future for themselves and contribute to the nation's development.
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Rural Livelihoods Programme
The ICICI Foundation Rural Livelihood initiative is committed to fostering comprehensive socio-economic development in Indian villages. It focuses on sustainable livelihoods through locally relevant training and creating market linkages for underprivileged communities. The programme operates on four strategic pillars: first, it identifies eligible participants through various channels, including community outreach and referrals. Then, it assesses their existing skills and offers tailored training programmes, with a special emphasis on agriculture and dairy-related courses. Market linkages are facilitated to ensure a steady market for trainees' products and services. After training, participants receive ongoing support, and an Entrepreneurship Development Programme is integrated into the curriculum to equip trainees with entrepreneurial knowledge and skills. This initiative aims to uplift rural communities by providing them with the means to achieve sustainable livelihoods.
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Rural Self Employment Training Programme
The ICICI Rural Self Employment Training Institutes (RSETIs) offer skill training in 23 trades, addressing local demand in areas like electrician and home appliance repair, plumbing, agriculture, and more. Additionally, it provides office skills training for high school graduates. Beyond vocational training, these institutes conduct sessions on financial literacy and enterprise development. It prioritizes the holistic development of trainees by offering physical education and yoga sessions. ICICI RSETI Jodhpur was recognized as the best RSETI, and ICICI RSETI Udaipur received the second-best award among 587 operational RSETIs nationwide. Notably, ICICI RSETI Jodhpur is India's first IGBC Platinum Rated Net Zero Energy New Building, showcasing a commitment to environmental conservation in its design and operation.
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Financial Inclusion Programme
ICICI Foundation's Financial Inclusion initiative focuses on promoting financial literacy as the foundational step towards achieving financial inclusion. Through its Financial Literacy Programme, the Foundation engages financial literacy counsellors and instructors from ICICI Academy for Skills to raise awareness about organised banking, covering aspects like savings, credit, remittance, insurance, and investments. The primary goals include increasing knowledge about financial products, improving decision-making skills regarding these products, and fostering the development of a sustainable financial ecosystem. This effort extends its outreach to schools, colleges, economically disadvantaged groups like rickshaw drivers and construction workers, as well as entry-level employees in retail chains. Furthermore, the programme extends to members of the armed forces, sharing information about various Government schemes to enhance financial literacy among beneficiaries.
Leadership Team
Demographics & Structure
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No. of Employees
100+
M&E
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Internal, External Assessors
No
Policies
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Ethics and Transparency Policies
No
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Formal CEO Oversight & Compensation Policy
No
Political & Religious Declarations
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On Affiliation if any
No
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On Deployment Bias if any
No
Registration Details
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Registration ID
AABTT4987GE20211
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FCRA
Not Available
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CSR Registration Number
Not Available
Location
Other Details
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Type & Sub Type
Non-profit
Website
Financial Details
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2018-19
IncomeRs.3,240,000ExpensesRs.1,178,360,000Admin ExpensesRs.18,710,000Program ExpensesRs.1,159,650,000Tip: Click on any value above to exclude it. -
2019-20
IncomeRs.685,030,000ExpensesRs.611,520,000Admin ExpensesRs.17,430,000Program ExpensesRs.594,090,000Tip: Click on any value above to exclude it. -
2020-21
IncomeRs.306,420,000ExpensesRs.258,770,000Admin ExpensesRs.22,460,000Program ExpensesRs.236,310,000Tip: Click on any value above to exclude it.