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Promoting Inclusive Growth
The ICICI Group set up ICICI Foundation for Inclusive
Growth (ICICI Foundation) in early 2008 to build upon
the Group’s legacy of promoting inclusive growth.
ICICI Foundation works on high-impact projects that
are sustainable and scalable. It operates primarily
with two models: projects for systemic change
where ICICI Foundation works with governments
and local NGOs; and direct impact programmes.
All of ICICI Foundation’s activities are focused
on building capabilities and capacities through
innovative models that can be replicated and scaled
up in the future.
VISION:
To be a leading institution for the promotion of
inclusive growth in India by contributing to the key
enablers required for widespread participation in
economic opportunities in the country.
MISSION:
We will promote inclusive growth in India through
focused initiatives in the identified areas including
primary healthcare, elementary education, skill
development & sustainable livelihoods and
financial inclusion.
In fiscal 2014, ICICI Foundation further scaled up
its activities, focusing on skill development and
sustainable livelihoods with the roll-out of ICICI
Academy for Skills – a nationwide initiative to
impart vocational training to the youth.
AREAS OF FOCUS
1. Skill Development & Sustainable Livelihoods
(i) ICICI Academy for Skills:
India’s potential demographic dividend emerges
from a large number of young people who are ready
to join the workforce and participate in the country’s
economic development. While some of the youth have
been joining the organised and unorganised sectors,
a large section of the marginalised and less privileged
population remains outside the employment market.
Providing sustainable livelihoods to this section of
the youth will be essential to ensure their effective
participation in the country’s growth.
A closer look at the issue of sustainable livelihoods
reveals that many youth either do not have adequate
access to job markets or lack requisite skills for
jobs – most of the time, both. There is hence an
immediate need to impart livelihood-oriented skill
training to such youth, so that they can participate
in gainful economic activities and benefit from them.
Towards this, ICICI Foundation has launched the
ICICI Academy for Skills (ICICI Academy) to impart
vocational training to the youth. ICICI Academy plans
to train about 5,000 youth in its first year of operation.
After launching its maiden centre in Jaipur in
October 2013, ICICI Academy has added three more
ICICI FOUNDATION FOR INCLUSIVE GROWTH
Ms. Chanda Kochhar, MD & CEO, ICICI Bank with students
from the first batch of ICICI Academy for Skills at the launch
of its maiden centre at Jaipur in October 2013
P1
Annual Report 2013-2014