Conferred for Community Development at the 3rd Asia’s Best CSR Practices Awards
INDIACSR News Network
MUMBAI: Fullerton India Credit Company Limited, a leading Non-Banking Finance Company in India, has been granted the Asia CSR Award for Community Development at the 3rd Asia’s Best CSR Practices Awards event, held in Singapore on August 1, 2013. The award was bestowed, recognising Fullerton India’s Rural Livelihood Advancement initiative and its large impact on rural households across India. The award is Asia’s most prestigious and highest recognition of corporate organisations that have created a significant and positive impact on the lives of people in society.
Fullerton India has a rich history of rural development initiatives in India and has won a string of awards for its CSR initiatives across various platforms, adding another feather to its cap with this esteemed win. On behalf of Fullerton India, the award was received by Mr Anindo Mukherjee, Head of Integrated Risk Management, Fullerton Financial Holdings, Singapore & Ms. Cynthia Lee, Director on Board of Fullerton India & Head of Human Resources, Fullerton Financial Holdings, Singapore.
Commenting on the occasion, Mr Ravi Shankar, Executive Vice President Marketing & Rural Business stated, “Fullerton India is strongly committed towards the overall development of rural India and works towards this by facilitating new and alternate vocational training programs to men and women in villages, across our rural branch catchments.”
He added, “Our CSR initiative is focussed on Rural Livelihood Advancement and designed to have a sustainable impact on its beneficiaries. These programs aimed at rural households are implemented by engaging over 2000 of our employees. We are honoured to have received this award as recognition towards our efforts and initiatives.”
As part of its Livelihood Advancement Initiative, Fullerton India conceptualises various Livelihood Programs with Partner organisations across various disciplines, thus bringing together Partner organisations like the Government, NGOs, Socio-Economic development organisations, Manufacturing and Trading organisations in the Private sector to implement the programs.
Fullerton India Credit Company Limited
Fullerton India Credit Company Limited is one of India’s leading Non-Banking Finance Companies (NBFC). It has over 360 branches spread across 20 states in urban and rural centres. It offers several retail finance products for varying needs of customers ranging from rural households to SMEs, in the locations it serves. Fullerton India has a widespread reach in Rural India through its network of 144 rural business branches called Gramshakti, which service over 15,000 villages. Fullerton India is a wholly-owned subsidiary of Fullerton Financial Holdings, Singapore, which is a subsidiary of Temasek Holdings of Singapore.