Page 52 - CRISIL ESG Report 2023

Eri silk rearing
Establishing a business model through two Eri Resource centres for collective marketing of Eri Silk and convergence of beneficiaries with ASRLM promoted Producer Groups for resource mobilisation.
Farming and Agro-Hub
Creation of Agro-farming Hub as a community-based institution of women farmers, to promote collectivisation, market linkages and sale of produce.
Livelihoods in Rajasthan
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. Over the course of 6 months, the weavers were trained and developed rugs, thereby generating income for their households. This pilot has been expanded to cover an additional 71 women weavers across two villages – Didwana and Ramgarh Pachwara (both Mein Pragati project locations).
MoneyWise Centres for Financial Literacy
The quality of work Mein Pragati programme showcased, led the Reserve Bank of India (RBI) to appoint CRISIL Foundation for its prestigious MoneyWise Centres for Financial Literacy (CFL) pilot project in 2017, starting with 25 centres in Maharashtra, Haryana, and Rajasthan. Strong performance
RBI MoneyWise CFL Project
Impact and reach as at December 31, 2023*
* Cumulative data from January 1, 2022
Handloom and loom upgradation
Upskilling and sustaining the weaver entrepreneurs through loom upgradation, linkage with the State Rural Livelihood Mission and NABARD’s livelihood and enterprise development programme.
Women beneficiaries of Mein Pragati who had been trained on upgraded looms, initiated production and have been receiving orders for an expanded range of products. This has also increased production capacity and brought down weaving time.
track record established during this pilot phase, resulted in RBI awarding a very large/ambitious mandate to CRISIL Foundation in its expansion phase of the project. As a result, CRISIL has scaled up its coverage through 615 CFLs to cover over 50,000 villages across 1,700 blocks in 338 districts of 14 states and four union territories of India – with support from the RBI, 11 PSU banks and NABARD.
These centres work towards raising financial awareness, promoting good financial practices, and driving sustainable change in behaviour among people in their catchments. By building these into timely, relevant, and trusted centres of knowledge, CRISIL has taken a firm step towards enabling ‘last-mile financial inclusion’, which is critical to the country’s long-term development.
14 states and 4Union Territories
1,700
No. of blocks
338
No. of districts
50,000
No. of villages
8.7 lakh
Linkage applications facilitated
87.5 lakh Community outreach
50 ESG Report 2023
Social Capital