Impact Assessment

In fiscal 2022, an impact assessment study was undertaken for various activities of ICICI Foundation. An external agency conducted the study for activities undertaken in fiscal 2021.

The study evaluated the programmes to measure the impact of value chain projects, rainwater harvesting and other social and environmental projects. It also evaluated the impact of the Dialysis Project as well as activities of ICICI Academy for Skills. The impact was measured across the metrics of impact created, relevance, effectiveness and sustainability.

Value Chain Project Assessment

ICICI Foundation has implemented various value chain based livelihood projects in several regions. The projects are aimed at enabling sustainable livelihood of the locals, self-help groups and tribals. The value chain projects are implemented through locally grown commodities with market linkage and entrepreneurship driven approach to enhance the basic income of these communities. 16 projects, constituting about 30% of the total value chain interventions and representing six zones, were considered for the assessment.

Value Chain Projects Considered for Impact Assessment
Key Findings
  • The projects significantly benefited small and marginal farmers, livestock keepers and women producers.
  • The interventions focused on enhancing the local economic growth opportunities by promoting local value chains and additional income generation opportunities.
  • Around 87% of the beneficiaries shared their experience and knowledge gained from the project with non-beneficiaries – a critical imperative for project replication.
  • More than 79% of target beneficiaries gained better access to nutrition, especially vegetables.
  • The projects supported improvement in soil fertility and water resource utilisation, and strengthened the crop livestock nexus which, in turn, maximised returns in agrarian economies.
  • 95% of beneficiaries gained additional income post intervention.

  • 78% farmers involved in the projects experienced increase in creditworthiness.

Social Return on Investment (SROI)

17.86

Social value generated on investment of

1.00

Social and Environmental Project Assessment

ICICI Foundation is implementing social and environmental projects across several locations. These projects seek not only to conserve the environment but also provide sustainable livelihood opportunities to the locals. The study covered five projects, operational across five states of India, covering three zones and constituting 30% of the total projects.

Social & Environmental Projects Considered for Impact Assessment

Social Return on Investment (SROI)

19.50

Social value generated on investment of

1.00

Key Findings
  • The projects helped create additional income sources for communities, and supported them in becoming socio-economically sustainable and financially independent in the long term.
  • They enabled availability of round-the-year income for beneficiaries through diversified livelihood activities/options.
  • Interventions in all locations are as per the community’s current needs, thus mitigating lower productivity of livelihood practices and migration, and helping in upgrading their existing skills and adding new skills.
  • The beneficiaries got better access to government schemes, financial services and enhanced market linkages through the project interventions.
  • The interventions have led to a sense of community ownership among the beneficiaries and also enabled organisation of farmer collectives.
Rainwater Harvesting Project Assessment

Social Return on Investment (SROI)

9.48

Social value generated on investment of

1.00

ICICI Academy for Skills

The impact assessment study for ICICI Academy for Skills was conducted through a survey of 433 trainees enrolled in various courses across the country. Knowledge partners, employers and the central team of the Academy also took part in the evaluation process. The key assessment areas spanned inclusiveness, relevance, expectation, convergence and experience on delivery.

Key Findings
  • 86% candidates received placements/offer letters.
  • 91% candidates believed ICICI Academy contributed to improving their livelihood prospects.
  • 97% trainees felt that the Academy helped build their confidence.
  • In terms of programme relevance, the employers rated ICICI Academy high; the rating was 4 on a scale of 5 for industrial relevance of programmes.
  • The average rating was 9 on a scale of 10 for the Academy’s consistent assistance in meeting the employers’ job demands.

Social Return on Investment (SROI)

7.90

Social value generated on investment of

1.00

(In Covid scenario)

8.34

Social value generated on investment of

1.00

(In Business as Usual scenario)