Financing with a Focus on Sustainability

At ICICI Bank, we follow responsible financing practices by laying emphasis on environmental and social risk management. The Bank’s ‘Social and Environmental Management Framework’ integrates the analysis of the environmental impact of a proposed project and the assessment of its social risks, into the overall credit appraisal process. The assessment involves mapping with an exclusion list, seeking confirmation from borrowers towards applicable national environmental guidelines and approvals for qualifying proposals subject to threshold criteria defined in the framework. It also includes conducting of due-diligence by a Lender’s Independent Engineer (LIE) for largeticket project loans identified as per the criteria defined in the framework.

Read More

Assisting Projects with a Focus on Sustainability

Some of the key projects to which ICICI Bank facilitated grant assistance in fiscal 2021 are mentioned below:

We have supported the setting up of two clusters of 10 schools each in the Himalayan belt of Uttarakhand and Sikkim. These clusters are expected to serve as model ecosystem hubs for promoting innovation in education. They aim to provide teachers with skills so that they can enable students to think creatively in order to find innovative solutions for real-life challenges. We expect that these model schools will produce thought leaders and serve as innovation hubs to inspire neighbouring schools to adopt new methodologies in education.

A student of an innovation hub in Uttarakhand learning ‘wood craft’ using a drill machine

Geriatric eye care centre

Hyderabad Eye Institute (HEI) is a registered public charitable trust that provides holistic eye care to patients. In the latter half of fiscal 2021, we have facilitated financial assistance to establish an exclusive geriatric care centre for the elderly at HEI’s L. V. Prasad Eye Institute in Bhubaneswar, Odisha. The 10,000 sq. feet facility will house a rehabilitation centre for the elderly. It will also provide home care and telemedicine facilities as well as outpatient, diagnostic and surgical services. The centre will also focus on training personnel in elderly care.

A patient being examined at the eye care centre at HEI L.V. Prasad Eye Institute in Bhubaneswar, Odisha

Empowerment of tribal women

Jagat Janani Mahila Swayam Sahayata Bachat Gat is a public trust, which is managed by women members, in Mansudhawadi, a tribal village in Amaravati district in Maharashtra. We have assisted the trust with a financial grant for implementation of sustainable agriculture and livelihood, and empowerment in 20 villages of the taluka. The activities of the trust are expected to lead to environment-friendly, socio-economic upliftment of the people in these villages and also reduce migration of villagers during the dry season to urban areas in search of livelihood.

Watershed development

Gramin Samassya Mukti Trust is a not-forprofit society and a trust in Yavatmal district of Maharashtra that addresses livelihood issues of the tribal community. We have sanctioned a grant assistance for development of watersheds and plantation in four villages of Maregaon block of Yavatmal district in Maharashtra. This project will benefit about 300 tribal farmers of four villages. An area of 200 hectares of land will be brought under protective irrigation and treated for water and soil erosion. This intervention is expected to usher in long-term ecological benefits by increasing water level, reducing soil erosion, enhancing crop production and positively impacting income of the farmers.

Canal deepening and widening work under the Watershed Development Project in Yavatmal district, Maharashtra

Other projects assisted with a grant or
financially assisted by ICICI Bank

Women Resource Centers in Uttarakhand

Beneficiaries of the Women Resource Center (WRC) at Naraya village in Dehradun district, Uttarakhand. Four WRCs have been set up with grant assistance provided by ICICI Bank. (Picture taken in 2019)

Read More