Annual Report

20112012

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Vision

Mission

To empower The poor To parTicipaTe in and benefiT from The indian growTh process Through inTegraTed acTion

in The fields of elemenTary educaTion, susTainable livelihoods, primary healTh and financial inclusion. This

will be achieved Through acTive collaboraTion wiTh The governmenT and independenT organisaTions.

a world free of poverTy in which every individual has The freedom and power To creaTe and susTain a

jusT socieTy in which To live.

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Content

For over Five decades, the icici Group has actively contributed to indias economic Growth and development. promotinG inclusive Growth has been a priority For the Group From both a social and business perspective.

We strive to make a difference to our customers, to society and to the nations development directly through our products and services, as well as through our development initiatives and community outreach programmes.

ICICI Foundation for Inclusive Growth (ICICI Foundation) was established by the ICICI Group in early 2008 to carry forward and build upon its legacy of promoting inclusive growth. ICICI Foundation works with government authorities and specialised grassroots organisations to support development work in its four identified focus areas. We are committed to investing in long-term efforts to support inclusive growth through effective interventions.

This year our increased focus in each of our programmes in the areas of elementary education, sustainable livelihoods, primary health, and access to finance has enabled us to ensure that our impact on the ground is maximised for beneficiaries.

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Message from Mr. K.V. Kamath

Message from Ms. Chanda Kochhar

Message from Mr. Subrata Mukherji

Our Initiatives across India

Elementary Education

Sustainable Livelihoods

Primary Health

Access to Finance

In the News

Financials

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This is the fourth year of operations of the ICICI Foundation for Inclusive Growth. While the ICICI Group has been a partner in Indias progress for over five decades through its business operations and social initiatives, ICICI Foundation was established in 2008 to scale up and accelerate our philanthropic initiatives. These four years have been a rewarding learning experience in our journey of creating an institution with a dedicated focus on building the enablers for an inclusive growth paradigm for India.

ICICI Foundations effort has been to partner with state governments and local institutions to create an ecosystem for inclusive growth with a focus on specific growth enablers. In the area of elementary education, we have endeavoured to function within the policy framework provided by the Government of India and have partnered with the state governments of Rajasthan and Chhattisgarh to improve teaching and learning outcomes in the state-run schools. This is being done by designing syllabi, developing new textbooks and providing teacher training modules, as well as participating in the implementation of the state-wide programme. Similarly, in the area of primary health, ICICI Foundation commenced work to reduce malnutrition and improve nutritional resources in remote areas during the year. It also undertook a pilot programme for providing insured outpatient care in one district each in Odisha and Gujarat. This initiative aimed to improve health seeking behaviour of low income groups and reduce out-of-pocket expenses to make healthcare accessible.

This year we also strengthened our sustainable livelihoods programme through the Rural Self-Employment Training Institutes in Udaipur and Jodhpur in Rajasthan. Training modules were developed to impart locally relevant vocational skills to youth in the area. Also, a holistic approach was adopted by facilitating credit linkages, engaging with potential employers and imparting basic financial literacy to the trainees.

The ICICI Group is committed to working on initiatives that make a lasting socio-economic impact by helping more and more people to have access to the enablers education, healthcare, skills and financial services that are necessary for them to become part of the growth process. It is our endeavour to help lay the foundation for a strong, prosperous and inclusive India.

Chanda KochharMember of the Governing Council, ICICI Foundation for Inclusive Growth andManaging Director & CEO, ICICI Bank

message from member of The governing councilICICI Foundation for Inclusive Growth

ICICI Foundation was established in 2008 to scale up and accelerate our philanthropic initiatives. These four years have been a rewarding learning experience in our journey of creating an institution with a dedicated focus on building the enablers for an inclusive growth paradigm for India.

The transformation of the Indian economy and its continuing growth potential create immense opportunity for addressing the issues of poverty in an accelerated timeframe by building capacity among the poor and underserved to participate in this growth. This requires building an inclusive growth framework with innovative interventions in key areas like education, sustainable livelihoods and healthcare. These are the pillars that are required for sustaining long-term growth and prosperity. The ICICI Group, through ICICI Foundation for Inclusive Growth, is committed to helping to create an ecosystem that promotes inclusiveness and delivers holistic benefits for every segment of society. We have focused on intervening in areas that would empower people to benefit from the rapid growth in the economy.

This year, ICICI Foundation further strengthened its efforts in the identified areas of elementary education, sustainable livelihoods, primary health, and access to finance. Our activities focused on building capabilities and developing innovative models in these areas that can be replicated and scaled up in future. Our initiatives are being implemented through partnerships with government institutions and independent grassroots organisations with the aim to complement their efforts and create maximum impact. This partnership was further deepened during the year through several new initiatives and support received from the local institutions.

Recognising the work done by several organisations in promoting inclusive growth across the country, we celebrated the achievements of some of the leaders for their path-breaking accomplishments during the year. The initiative aimed to increase awareness through media coverage as well as provide a platform to these thought leaders to share their enriching ideas and social initiatives.

I am pleased to present the fourth annual report of ICICI Foundation for Inclusive Growth which provides insight into the progress made in each of our focus areas with specific programme details and case studies.

K.V. KamathChairman, Governing Council, ICICI Foundation for Inclusive Growth and Chairman, Board of Directors, ICICI Bank

message from The chairman Governing Council,

ICICI Foundation for Inclusive Growth

The transformation of the Indian economy and its continuing growth potential create immense opportunity for addressing the issues of poverty in an accelerated timeframe by building capacity among the poor and underserved to participate in this growth. This requires building an inclusive growth framework with innovative interventions in key areas like education, sustainable livelihoods and healthcare.

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Primary Health

Access to Finance

Others

Sustainable Livelihoods

Elementary Education

Note: Includes interventions of ICICI Foundation for Inclusive Growth and its predecessor the Social Initiatives Group (SIG) of ICICI Bank and all direct interventions of ICICI Group companies.

our inTervenTions across india

This year, ICICI Foundation has worked towards deepening its interventions in the focus areas of elementary education, sustainable livelihoods, primary health and access to finance. We have done this by closely evaluating our work, analysing the challenges faced and realigning our programmes for maximum impact.

Each of our programmes met critical goals this year. In elementary education, the School and Teacher Education Reform programme (a collaboration between ICICI Foundation and the Government of Rajasthan) successfully developed and implemented new English Language textbooks for classes VI, VII, and VIII for the current academic year, and approved publication of 13 newly developed textbooks for classes I to VIII in all state-run schools in Rajasthan for the next academic year (p10). We have trained over 3,200 beneficiaries till date in sustainable livelihoods at our Rural Self Employment Training Institutes (RSETIs) in Udaipur and Jodhpur (p 24). In primary health, our Outpatient Healthcare pilot programme (a collaborative effort with the Government of Indias RSBY programme and other partners) saw about 0.7 million enrolments in the past year (p 34). Based on the pilot, the Central government has now decided in-principle to implement outpatient healthcare in all RSBY empanelled hospitals across the country. In the area of access to finance, the Foundations financial literacy programme is expanding to cover RSETI youth trainees, womens Self Help Groups and school children.

In 2012, we carried forward our mandate to create awareness about inclusive growth through the media to reach larger audiences. The Inside India Ideas for Inclusive Growth initiative was our maiden attempt with CNBC TV18 to advocate the importance of inclusive growth in the larger public sphere along with documenting the efforts of di