The environment and the economy are really two sides of the same coin. -Wangari Maathai
Do you consciously think about social impact?
If you’re reading this, you probably are. And like you, we do too. A brief introduction is therefore par for the course.
We started small, with a proof of concept for a financial inclusion programme in Assam and Rajasthan (a few years before the enactment of Section 135 of the Companies Act). As we tested the waters, got involved at the grassroots, and undertook extensive field work, we improvised our maiden programme - Mein Pragati - to reach out to excluded communities. What emerged was the realization that social impact requires tremendous investments of time, effort and understanding, so that we as service providers customise solutions allowing beneficiaries to move onward with dignity and confidence to improve the quality of their lives. Getting over stereotypical mindsets of rural women as the only potential target group was just the beginning. Suffice to say, our journey into the depths of community outreach has been exciting.
CRISIL Foundation, as it stands today, is a public charitable trust. Set up in March 2013, we are CRISIL’s corporate social responsibility (CSR) arm, reaching out to socially and economically disadvantaged communities within and beyond our areas of operations.
Empowering people to make informed
Build awareness and capacities of the
financially excluded in India
Share knowledge and insights backed by data, leveraged by analytical rigour,
credibility and experience
Shape thoughts, influence policy, set benchmarks to drive strong
Leverage multiple platforms to drive experiential learning, and therefore,
behavioural change as an outcome
CRISIL Foundation’s flagship financial capability building programme empowers disadvantaged communities by strengthening their financial capabilities.
CRISIL RE, the flagship programme for social impact and outreach in cities, leverages CRISIL’s vibrant workforce as agents of change in Ahmedabad, Chennai, Gurugram, Hyderabad, Kolkata, Mumbai, Pune, and Bengaluru. Used as a prefix, 'RE' is a simple but powerful idea that conveys the potential to alter the status quo.
Mr. Ramraj PaiPresident
Ms Amita AbichandaniAssociate Director
Ms. Tania PalAssociate Director
Ashish JhaAssociate Director
Abhishek ChaudharyLead Consultant
Mayuri KakotiProgramme Manager
Siddhartha IyerProgramme Manager
Sheetal ShelkeWeb Publisher
Financial inclusions: Of opt-out options, RBI dictats, and banks’ ownfoot-dragging
A policy cornerstone of every government in modern India, financial inclusion is the delivery of financial services in the ruraI areas and to the poor and marginalised sections at affordable costs – in other words, segments that banks would not normally serve had it not been for external regulations.
India Inc’s CSR spending rises 22%, bulk of it on education, health
CRISIL Foundation’s analysis of India Inc’s CSR activity last fiscal shows overall spending increased a significant 22%, with bulk of the money going into education, skills development, healthcare and sanitation initiatives.