INDIACSR News Network
MUMBAI: Fullerton India Credit Company Limited, a leading Non-Banking Finance Company in India, has been conferred the CSR Award for Rural Development and Sustainable Leadership at the Asian Leadership Awards, held in Dubai on September 24, 2013.
The award was bestowed, recognising Fullerton India’s Rural Livelihood Advancement initiative and its large impact on rural households across India. The event attracts Asia’s leading business visionaries across all industry sectors, and honours their achievements in contributing towards the region’s economic development.
Fullerton India has won a string of awards for its CSR initiatives across various platforms and has a rich history of rural development initiatives initiated across India. Adding another feather in its cap with this esteemed win, the company continues to reinforce its commitment towards social and economic development.
Enthused over winning the Sustainable Leadership award, Mr Ravi Shankar, Executive Vice President Marketing & Rural Business stated, “It is indeed a great honour to receive this award. Among all the things I have done in my career, this Livelihood Advancement initiative that I have been involved in at Fullerton India, has been the most satisfying. It gives me immense happiness to know that I have been able to build a sustainable model with my team to make a sustainable impact on the lives of rural households. The Livelihood Advancement programme of Fullerton India continues to change the quality of lives of people helping them to create more sustainable livelihoods.”
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. Through these programs new and alternative vocational training is provided to men and women in villages across their Rural branch catchments. This helps households adopt vocations besides their existing livelihoods, thus enhancing their incomes and their standard of living.
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 147 rural business branches called Gramshakti, which service over 20,000 villages. Fullerton India is a wholly-owned subsidiary of Fullerton Financial Holdings, Singapore, which is a subsidiary of Temasek Holdings of Singapore.
