| Introduction
As one of the largest financial
institutions in India, ICICI's overall mission has been to build the capacities
of commercial entities and, thereby, enable them to become agents of economic
change. We believe that building the capacities of the poorest of the
poor to participate in the economy and society is a natural extension
of this role. With this in mind, ICICI has been contributing to the social
sector for nearly 30 years, mainly by financing and advising organizations
working in the development sector.
ICICI has a permanent and
full-time group, the Social Initiatives Group (SIG), to concentrate
on its development-related initiatives. Through the SIG, ICICI seeks to
define and effectively fulfill its responsibilities as a corporate citizen.
The group believes that education and health are basic prerequisites for
all people, especially the chronically deprived, to participate in the
larger economy. Universal access to basic financial services, and effective
use of appropriate technologies will create greater opportunities for
people to participate in the economy in an equitable and productive manner.
With this in mind, the group has focused its attention on identifying
and supporting initiatives in:
- Pre-primary and primary education
- Health, especially reduction of infant
mortality rates
- Micro-finance
- Application of information technology
and other technologies to facilitate work in the above faster, and reach
a wider audience.
The group's involvement is not at the grassroots,
though field visits, aimed at assessing need and facilitating dialogue,
form an integral part of their work. |