HDFC Bank’s CSR initiative, Parivartan, has brought about a significant positive impact in the lives of over 64 lakh individuals across 163 villages spanning 21 districts in Maharashtra. Parivartan focuses on five key pillars: Rural Development, Promotion of Education, Skill Training and Livelihood Enhancement, Healthcare and Hygiene, and Financial Literacy and Inclusion. These pillars have been instrumental in transforming the lives of economically and socially challenged communities in the state.
In the area of Rural Development, Parivartan has launched the Natural Resource Management (NRM) program, creating 1,460+ soil and water conservation structures to combat groundwater depletion caused by climate change. Additionally, they’ve worked to uplift communities in village clusters and installed solar streetlights in multiple cities.
The Promotion of Education pillar has seen the establishment of digital classrooms to provide education access to economically disadvantaged students, benefiting over 3,000 students in the first quarter of FY’24.
Skill Training and Livelihood Enhancement are vital components of Parivartan, focusing on upskilling youth to reduce their dependency on farming through courses such as BFSI, Supply Chain & Logistics, Web Development, and Retail Associates. This initiative is geared towards providing employment and self-employment opportunities.
Parivartan’s Healthcare and Hygiene efforts have improved sanitation facilities and promoted hygiene in various districts, providing hygienic sanitation units for households and schools, benefiting around 4,600 students.
Under the Financial Literacy & Inclusion pillar, Parivartan has conducted 1.98+ Lakh Financial Literacy Camps in the first quarter of FY’24, positively impacting over 11.39+ Lakh individuals.
HDFC Bank’s commitment to CSR is evident in its substantial spending, reaching Rs. 820.89 crore in the financial year ending March 2023, making it one of the top CSR spenders in the country. Moreover, they have expanded their reach to more than 9.93 crore beneficiaries by March 2023, furthering their contributions to nation-building and community development.
