CRISIL Foundation’s GramShakti program strengthens economic literacy in rural Assam | Media Pyro

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CRISIL Foundation aims to create a cadre of trained women at the grassroots level of society who can build economic literacy and inclusion at the village level.


CRISIL Foundation, the corporate social responsibility (CSR) wing of CRISIL Ltd, certified more than 500 women grassroots trainers as ‘GramShakti Sakhis’ at a conference organized by them at the North-Eastern Development Finance Corporation premises. Ltd in Guwahati on Thursday, November 3, 2022.

He was selected from local communities in Assam and trained by him CRISIL Foundation, GramShakti Sakhis are equipped to support their communities by enabling ultimate access and use of banking and formal financial services. They will provide a basket of services, including documentation and support for connecting banks, financial products, and government rights at people’s doorsteps.

He said Amish Mehta, Managing Director & CEO, CRISIL“We are deeply committed to community and empowering people to make informed financial choices. CRISIL Foundation’s flagship program, Mein Pragati, has reached over 7 lakh rural community members in 14 districts. Over the years Going forward, we want to increase our social impact in Assam and the northeast, with the support of all our stakeholders and partners on the ground.”

The Sakhis go through a unique training-cum-certification program called GramShakti, which can be accessed through a smartphone app. Their 30-hour digital learning program consists of 12 modules that cover the full spectrum of financial inclusion and knowledge areas such as financial planning, savings, investments, loans, insurance, retirement, digital finance, and lifestyles. self sufficient.

Also Read: CSR by CRISIL Foundation: Thousands of rural women get banking and welfare schemes

The program includes practical activities to ensure that participants can apply their theoretical knowledge to typically difficult real-life situations in the hinterland such as making a PAN card, opening a pension account, and advising families on the importance of insurance. .

Through GramShakti, CRISIL Foundation aims to create an all-women cadre of trained grassroots communities who can build economic literacy and inclusion at the village level. This will not only change the knowledge, behavior of the society, but also provide a gateway service to the unbanked and underserved communities.

He said Maya Vengurlekar, Chief Operating Officer, CRISIL Foundation“Social cadre has emerged as a powerful and integrated form – Sakhis is the main point of contact with financial products and services, as well as government welfare systems. As key drivers of financial inclusion at the household door In rural areas, Sakhis continue to promote financial awareness, addressing questions about appropriate financial choices at every stage of life. In doing so, the cadre instills and reinforces good financial culture in its communities. touch.”

CRISIL has been working on building awareness and capacity for financially excluded people in India since 2013.

Also Read: CSR: CRISIL takes final financial inclusion in Ladakh

In Assam, CRISIL Foundation started its intervention in Mein Pragati in 2014, and they achieved a scale of support from implementing partners Rashtriya Gramin Vikas Nidhi and Seven Sisters Development Agency.

More than 1,200 rural women have been identified and trained as Sakhis so far.

The positive impact on the common ground received recognition when CRISIL was awarded the National CSR Award, 2020, in the category of ‘Awarding Companies for CSR Standards’ for efforts in the areas of financial capacity building and environmental protection. CRISIL also bagged the honor of the first edition of the ‘CSR under challenging circumstances, North-East’ awards for its flagship project Mein Pragati in Assam.

CRISIL Foundation’s efforts at Mein Pragati have resulted in extensive collaboration with the Reserve Bank of India, 10 state-owned banks and NABARD through the Center for Financial Education in 18 states and union territories – a testament to, and validation of, CRISIL’s efforts in the field. financial awareness.

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