ICICI Bank 2010 Annual Report Download - page 49

the Government of Rajasthan to strengthen and improve the quality of the government system
of elementary education. ICICI Elementary Education is strengthening the capacity of district level
institutions and providing training and in-classroom support for teachers in 78 schools, aiming to
improve the quality of education for 450,000 children.
ICICI Elementary Education has supported the development of the MA Education (Elementary)
course at the Tata Institute for Social Sciences, Mumbai, aiming to enhance knowledge and skills
that are relevant to strengthening elementary education. Since the inception of the programme,
two batches of 25 students each have been admitted.
c) Access to finance: In addition to the ICICI Group’s direct work in the area of financial inclusion,
which is described subsequently, ICICI Foundation has supported the IFMR Finance Foundation
(www.ifmrfoundation.org.in) in projects to develop models for enhancing access to financial
services among low-income communities in rural and urban areas. IFMR Finance Foundation
works with partners like Aajeevika Bureau (for migrants) and Kshetriya Gramin Financial
Services (for remote rural geographies). It has also participated in product development and
training efforts for local financial institutions covering micro money market mutual funds,
livestock insurance, emergency loans and weather insurance. It also works on strengthening
risk management capabilities of local financial institutions and has currently focused on access
to debt securitisation markets for Micro Finance Institutions (MFIs). IFMR Finance Foundation
has worked with partners to develop recommendations to strengthen the policy environment
for financial inclusion in India.
d) Civil society: Through its support to CSO Partners (www.csopartners.org.in) in Chennai,
ICICI Foundation supports civil society organisations across India by enabling them to tap
into new resources and networks of support. CSO Partners provides human and financial
resources to NGOs and creates platforms for individuals, corporates and government to engage
with NGOs.
Corporate Disaster Resource Network (CDRN): CDRN is a web-based supply chain management
system that enables relief agencies, first responders and local governments to highlight
their immediate resource needs and access response offers from potential product suppliers,
donors and volunteers. Currently, it has 300 NGOs and 5,000 corporate organisations as
members. CDRN is a joint initiative of CSO Partners, the National Disaster Management Authority
and Aidmatrix.
NGO Marketplace: NGO Marketplace is an online portal providing national networking opportunities
for the social sector in India. The intent is to facilitate collaborative work and networking by NGOs
with other civil society organisations as well as donors, social contributors, researchers, policymakers
and other stakeholders.
The ICICI Group has supported GiveIndia (www.GiveIndia.org), an online platform to enable
individuals to support social causes and in turn garner funds for India’s social sector. GiveIndia has
cumulatively raised over Rs. 800.0 million for over 200 NGOs; last year alone it raised approximately
Rs. 270.0 million. GiveIndia eventually aims to raise Rs. 3.00 billion annually to support NGOs
across India.
e) Environmental sustainability: ICICI Foundation has supported the Environmentally Sustainable
Finance group at the Centre for Development Finance at IFMR (http://ifmr-cdf.in), in Chennai. One
example of the group’s work is the Environmental Sustainability Index (www.greenindiastandards.
com), an index ranking the environmental performances of Indian states, which policymakers are
using as a diagnostic tool for planning better environmental policies.
In addition, ICICI Foundation works with ICICI Bank and its subsidiaries in the formulation and
execution of their social responsibility activities.
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Annual Report 2009-2010
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