SMFG India Credit Company Limited’s FY2024-25 CSR report highlights investments in healthcare, skill development, financial inclusion, and rural empowerment
NEW DELHI (India CSR): In many villages across India, access to basic services like healthcare, financial literacy, and skill-based employment remains limited. For families living in such areas, even small interventions can create meaningful change. It is within this context that SMFG India Credit Company Limited’s latest Corporate Social Responsibility (CSR) report provides a closer look at how financial institutions are contributing beyond lending activities. The company’s disclosures for the financial year 2024-25 present a structured approach to social investment, with a focus on improving everyday lives.
According to the company’s annual report, SMFG India Credit spent Rs 12.00 crore on CSR activities during the year ended March 31, 2025. The report highlights that the spending was aligned with statutory requirements and focused on programs that support long-term community development. The initiatives were spread across multiple states, targeting underserved and underbanked populations.
CSR Spending and Compliance Overview
The annual report states that the company recorded an average net profit of Rs 598.35 crore over the last three financial years. Based on this, the CSR obligation for FY2024-25 was calculated at Rs 11.97 crore, as per the Companies Act, 2013.
The company reported a total CSR spending of Rs 12.00 crore on a standalone basis, slightly exceeding its prescribed obligation. The report highlights that the entire amount was utilised during the year, indicating full compliance with CSR requirements.
On a consolidated basis, including its housing finance subsidiary, the total CSR spending stood at Rs 13.30 crore, compared to a required amount of Rs 13.27 crore. This suggests that the group as a whole also met and marginally exceeded its CSR commitments.
Out of the standalone CSR expenditure, Rs 11.26 crore was spent directly on projects, while Rs 57 lakh was allocated to administrative overheads. An additional Rs 17.11 lakh was used for impact assessment activities, reflecting an effort to measure the effectiveness of programs.
Table: SMFG India Credit Company Limited’s CSR Report 2025:
| Particulars | Details |
|---|---|
| Company Name | SMFG India Credit Company Limited |
| Financial Year | FY 2024-25 |
| Total CSR Spending (Standalone) | Rs 12.00 Crore |
| Total CSR Spending (Consolidated) | Rs 13.30 Crore |
| Average Net Profit (Last 3 Years) | Rs 598.35 Crore |
| Prescribed CSR Obligation | Rs 11.97 Crore |
| CSR Spending on Projects | Rs 11.26 Crore |
| Administrative Overheads | Rs 0.57 Crore |
| Impact Assessment Cost | Rs 0.17 Crore |
| Flagship CSR Initiative | Uday – Ek Nayi Subhah |
| Total Lives Impacted | 6,00,000+ individuals |
| Healthcare Beneficiaries | 4.10 lakh+ individuals |
| Vision Care Beneficiaries | 1.40 lakh+ individuals |
| Women Empowered (Jeevika Program) | 1,000+ women |
| Youth Skilled (Yuva Kaushal) | 450+ individuals |
| Financial Literacy Reach (Sakhi Program) | 84,000 women |
| Farmers Reached (Krishi Mitra) | 21,000+ farmers |
| Livestock Supported | 1.50 lakh cattle |
| Employee Volunteers | 9,127 employees |
| Total Volunteering Hours | 31,348 hours |
Structured CSR Approach Under ‘Uday’ Initiative
According to the annual report, all CSR activities are carried out under the umbrella program titled ‘Uday – Ek Nayi Subhah’. This framework is designed to guide the company’s social interventions across three key areas: social development, economic empowerment, and environmental sustainability.
The report highlights that the objective of this initiative is to create long-term value for communities rather than short-term relief. Programs are designed to address structural challenges such as lack of skills, limited access to healthcare, and low financial awareness.
Skill Development and Livelihood Programs
Skill development emerged as an important focus area in FY2025. According to the company’s annual report, the ‘Yuva Kaushal’ initiative trained over 450 young individuals, preparing them for entry-level roles, particularly in the financial services sector.
In addition, the ‘Jeevika’ program focused on women’s empowerment through vocational training. The report highlights that more than 1,000 women received training in various trades during the year. These programs aim to improve income opportunities and promote financial independence among women in rural and semi-urban areas.
Such initiatives are intended to bridge the gap between education and employment, especially for individuals who may not have access to formal job opportunities.
Healthcare Outreach Through Mobile Services
Healthcare remained one of the largest components of SMFG India Credit’s CSR activities. The annual report states that over 4.10 lakh individuals benefited from healthcare programs during FY2024-25.
The company operates 18 mobile health vans across 12 states under its ‘Niramaya’ initiative. These vans provide primary healthcare services, including consultations, basic diagnostics, and distribution of medicines. The report highlights that these services are particularly useful in areas where healthcare infrastructure is limited.
Vision care was another key area of focus. Through the ‘Jyoti’ program, the company provided eye care services to more than 1.40 lakh individuals. This included screenings, treatment, and support for vision-related issues.
Financial Literacy and Inclusion Efforts
Financial literacy plays an important role in enabling economic participation. According to the annual report, the company’s ‘Sakhi’ program reached around 84,000 women during the year.
Under this initiative, women are trained to act as community-level educators, spreading awareness about savings, credit management, and financial planning. The report highlights that such programs help build confidence and improve decision-making among participants.
By focusing on financial education, the company aims to support broader goals of financial inclusion, especially in underserved regions.
Unique Rural Initiative in Livestock Welfare
One of the notable initiatives highlighted in the report is the ‘Pashu Vikas Day’ program, which focuses on cattle health. According to the annual report, around 1.50 lakh cattle were treated in a single day across multiple locations.
This initiative is particularly relevant in rural areas where livestock plays a key role in household income. By improving animal health, the program indirectly supports farmers and rural livelihoods.
The report also mentions that this initiative achieved a Guinness World Record for the largest cattle welfare awareness program conducted across multiple venues.
Environmental Sustainability Measures
Environmental sustainability was also part of the company’s CSR strategy. According to the report, several initiatives were undertaken to promote ecological balance.
Mangrove plantation projects were carried out in coastal areas, with around 12,000 saplings planted in the Sundarbans region. These efforts aim to protect coastal ecosystems and reduce the impact of climate change.
In urban areas, micro-forest projects were implemented to increase green cover. Additionally, the ‘Krishi Mitra’ initiative reached over 21,000 farmers, promoting sustainable agricultural practices such as organic farming.
These programs are intended to address environmental challenges while also supporting rural communities.
Employee Participation and Volunteering
The annual report highlights that employee participation played a significant role in CSR activities. Around 9,127 employees contributed to CSR initiatives during the year, with a total of 31,348 volunteering hours recorded.
Programs such as food donation drives were also conducted, where employees contributed grains to support underprivileged communities. These activities reflect an effort to build a culture of social responsibility within the organisation.
Overall Impact and Reach
According to the company’s annual report, CSR initiatives in FY2024-25 impacted over 6 lakh individuals across different regions. The programs covered a wide range of sectors, including healthcare, education, livelihoods, financial literacy, and environment.
The report highlights that the company’s approach is to combine direct service delivery with capacity-building initiatives. This helps address both immediate needs and long-term development challenges.
While a significant portion of activities is focused on rural areas, the programs also extend to urban and semi-urban regions where gaps in services still exist.
You Learn
SMFG India Credit Company Limited’s CSR report for FY2024-25 provides a detailed account of how financial institutions are engaging with social development. With a total spending of Rs 12.00 crore, the company focused on key areas such as healthcare, skill development, financial inclusion, and environmental sustainability.
The annual report states that the company not only met its CSR obligation but also ensured full utilisation of funds across various initiatives. The wide reach of its programs indicates an effort to create measurable impact in underserved communities.
As CSR continues to evolve, such structured and transparent reporting offers insight into how companies are contributing to broader social and economic goals.
