CRISIL Foundation

Corporate Social Responsibility (CSR) arm of CRISIL

CRISIL Foundation, a public charitable trust, was set up in March 2013 as CRISIL’s corporate social responsibility (CSR) arm. The mission of this corporate foundation is to empower socially and economically disadvantaged communities within and beyond its areas of operations.

In Assam and Rajasthan, the foundation has established a robust scalable intervention through its flagship programme Mein Pragati – strengthening the financial capabilities of over 1.2 million community members, mostly rural women; as well as an ecosystem that sustains behaviour change through a well-trained community cadre called sakhis – which is active, self-sustainable, and delivering outcomes.

CRISIL Foundation has also initiated rollout of a technology-based certification programme (called GramShakti) to increase the knowledge and skillsets of sakhis and build this cadre to enable last-mile financial inclusion.

In 2017, the Reserve Bank of India (RBI) selected CRISIL Foundation to implement a three-year pilot project, MoneyWise Centres for Financial Literacy (CFLs). Under this, CRISIL Foundation has set up 25 CFLs across seven districts in Maharashtra, Haryana and Rajasthan using a ‘hub-and-spoke’ approach. This has been scaled up in 2021, to 429 CFLs across 14 States and 4 Union Territories till date.

CRISIL RE, CRISIL’s environment conservation programme under the aegis of the CRISIL CSR Policy, is focused on tree plantation and several other initiatives. The programme includes centrally driven and employee-led projects, and strives to engage employees and their families, friends, and relatives in conservation activities.