Page 109 - CRISIL ESG Report 2023

Leadership Indicators
1. Provide details of actions taken to mitigate any negative social impacts identified in the Social Impact Assessments (Reference: Question 1 of Essential Indicators above
Not Applicable.
2. Provide information on CSR projects undertaken by your entity in designated aspirational districts as identified by government bodies
CRISIL’s commitment to sustainability is woven into its policies and practices. We have a dedicated CSR policy that underlines our commitment to improve our social impact across our communities we serve. Our efforts are directed towards supporting, building, and growing these crucial societal facets.
Mein Pragati, the flagship CSR programme, is currently being implemented in over 5,000 villages of Assam and Rajasthan. This is facilitated through a well-trained, all-women community cadre of Sakhis. This cadre has helped address the last-mile constraints in awareness and access to financial services. As on date, these sakhis have supported over 2 million rural community members, mostly women, by facilitating access to banking, and other financial, and social security schemes.
Between 2018 and 2023, the Sakhis have gained confidence and experience, with a majority of them expanding their coverage area to adjacent villages.
1,550 new Sakhis have been on-boarded during the year, taking the total to 5,200+ Sakhis in over 5,000 villages, spread across 113 blocks in 30 districts in the two states.
Assam
Impact and reach as on December, 2023 *
No. of districts
No. of blocks
No. of villages
No. of Sakhis
Cumulative outreach
Linkages facilitated
* Cumulative data from April 1, 2018 Rajasthan
Impact and reach as on December, 2023 *
: 24
: 73
: 3,000+
: 3,267
: 11.24 lakh : 9.56 lakh
No. of districts
No. of blocks
No. of villages
No. of Sakhis
Cumulative outreach
Linkages facilitated
* Cumulative data from September 1, 2018
Gramshakti Certification Programe
Launched in late 2018, GramShakti is CRISIL Foundation's attempt to provide a scalable model for creating a pan-India cadre of trained community leaders who can effectively address the issue of financial exclusion and empower women. There are currently 1,840 Sakhis/ community cadre who have been formally certified through a convocation programme and provide support to their communities through last-mile awareness and handholding.
Livelihoods in Assam and Rajasthan
Financial well-being & independence, and livelihoods opportunities go together and hence, CRISIL Foundation, in 2018 initiated a few livelihood pilots (on a small scale) in Assam. Starting with 75 households in 2018, they gained steady momentum through enhanced household coverage, and improved income generation for over 1,500 households by 2021. During 2023 a pilot project was started in Didwana, a Mein Pragati village, to support 35 unskilled rural women towards rug making and market linkage to improve their monthly incomes.
CRISIL Foundation’s efforts through Mein Pragati have led to a larger partnership – the MoneyWise Centre for Financial Literacy (CFL) project being implemented in India with support from the Reserve Bank of India (RBI), 11 public sector banks and NABARD. This scales- up CRISIL Foundation’s financial awareness and inclusion efforts through 615 CFLs across over 50,000 villages spread across 14 states and four union territories. By building these into timely, relevant, and trusted centres of knowledge, CRISIL has taken a firm step towards enabling ‘last-mile financial inclusion’, critical to the country’s long-term development.
For its’ CSR efforts, during the year, CRISIL Foundation was awarded the 'CSR Foundation of the Year' (in the small companies’ category) at the 9th CSR Impact Awards 2023, organized by CSRBOX and Dalmia Bharat – for its financial capability building and environment conservation initiatives.
For further details, refer to table no. 24(c) on pg. no. 71 of the ESG Databook for specific intervention.
: 6
: 40
: 2,000+
: 2,007
: 9.13 lakh : 3.65 lakh
ESG Report 2023 107