HSBC India announces Rs 10 Cr grant to Helpage India


HSBC becomes a top donor to HelpAge in India

India CSR News Network

MUMBAI: HSBC announced a donation of INR 10 crore to HelpAge India’s Project Gaman which focuses on livelihoods and healthcare intervention in five locations in India. With this grant, HSBC becomes one of the top donors to HelpAge in India.

Project Gaman focuses on eradicating poverty, enhancing livelihood opportunities for the elderly, promoting facilities for reducing social and economic inequalities faced by senior citizens and providing healthcare to destitute elders. The Project’s aim is to form 1,000 Elder Self Help Groups (ESHG) in Kolaghat (West Bengal), Vidarbha (Maharashtra), Bahour (Pondicherry), and Chottupal (Telangana), and provide essential primary health services (via four Mobile Medicare Units) to senior citizens and their communities in New Delhi, Kolkata, Mumbai and Hyderabad.

Stuart P Milne, Group General Manager and CEO, HSBC India said, “With growing life expectancy, India is also witnessing an ageing population. The critical challenges faced by the elderly are lack of regular income, economic dependence and failing health. This results in rapid reduction in the quality of life of the elderly. Therefore, there is a growing need to support our senior citizens, especially those with limited financial means. HSBC is delighted to partner with HelpAge in implementing this life-changing project.”

Till date, under Project Gaman, over 5,200 beneficiaries have received 18,000 treatments under the health programme and close to 12,000 elders have received livelihood support via the formation of 900 self-help groups.

Matthew Cherian, CEO, HelpAge India said, “HSBC has partnered with HelpAge India for a 3-year Livelihoods and Healthcare intervention. The project, Gaman, spread across five Indian states, emphasizes on eradicating poverty, enhancing livelihoods, reducing social and economic inequalities, and providing healthcare to disadvantaged elderly. HelpAge India is grateful to HSBC for the Bank’s invaluable support towards the cause and care of the needy aged.”

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