Our vision is 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.
Our mission is to empower the poor to participate in and benefit from the Indian growth process through integrated action in the fields of primary health, elementary education, financial inclusion and sustainable livelihood. This will be achieved through active collaboration with the government and independent organisations.
In the area of access to finance, our goal is to ensure universal financial inclusion.
Universal Access to Finance
Since the year 2000, ICICI Group has been engaged in a systematic effort to address the challenges of access to finance. Significant milestones in this journey include the creation of the Social Initiatives Group within ICICI Bank, which made universal access to finance a core part of its agenda; the acquisition of Bank of Madura with its more than 100 rural branches; and the investments in National Commodities and Derivatives Exchange (NCDEX) and Financial Information Network and Operations (FINO).
Effective and Affordable Risk Management Solutions
ICICI Lombard General Insurance Company launched India’s first index-based insurance to protect farmers from weather-related risks. Through a transparent and easy to administer rainfall-index, ICICI Lombard General Insurance Company reduced transaction costs, enabled quick payouts and made insurance and its benefits more accessible to small and marginal farmers.
Poverty alleviation through ICICI Group companies
Since the year 2000, ICICI Group has been engaged in a systematic effort to address the challenges of access to finance. Over the last decade, ICICI Group has had a significant impact on virtually every aspect of India’s expansion in access to finance.