Under the umbrella of its CSR brand, Parivartan, HDFC Bank’s initiatives have impacted 10.19 crore lives, reaching over 9,000 villages and more than 10 lakh households, including coverage in 85 out of 112 districts identified in the Aspirational Districts Programme (ADP) of the Government of India.
Focused on creating sustainable livelihoods for marginalised communities, especially women, Parivartan operates across 28 states and 8 Union Territories.
“From promoting financial literacy and supporting entrepreneurship to championing environmental conservation and advancing social inclusion, our CSR efforts are guided by a steadfast commitment to creating lasting change in the communities we serve,” stated the Bank’s Integrated Annual Report.
The Bank initiatives include natural resource management, school infrastructure development, agricultural support, soil and water conservation, and healthcare projects to improve the quality of life in rural India.
“Our CSR initiatives under Parivartan reflect our commitment to holistic development,” said Kaizad Bharucha, Deputy Managing Director of HDFC Bank. “Our goal is to drive economic and social development by empowering communities across the country. By addressing the critical areas of rural development, education, skill enhancement, healthcare, financial literacy, and the environment, we aim to create sustainable and inclusive growth in the communities in which we operate.”The Bank has reached over 2 crore students till date for initiatives that focus on improving the quality of education through teacher training, scholarships, career guidance, and infrastructural support to schools.Its vocational training and skill development programmes aim to enhance employability and create sustainable livelihoods. The Bank has created over 9 lakh women entrepreneurs and trained over 3 lakh youth as of March 31, 2024.
