ICICI Venture CSR Policy

ICICI Venture CSR Policy: A Commitment to Social and Economic Growth

ICICI Venture Funds Management Company Limited, part of the ICICI Group, emphasizes creating a positive impact on society through its Corporate Social Responsibility (CSR) initiatives. The company’s CSR policy aligns with ICICI Group’s broader goal of supporting economic and social development without expecting direct monetary returns. ICICI Venture has committed itself to fostering inclusive growth, driven by the values outlined in Section 135 of the Companies Act, 2013. The establishment of the ICICI Foundation for Inclusive Growth in 2008 highlights the company’s dedication to promoting sustainable social development ​(ICICI VENTURE CSR POLICY).

Objective

The primary objective of ICICI Venture’s CSR policy is to:

1. Support Economic Development: Facilitate long-term growth in communities by promoting financial inclusion, sustainable livelihoods, and skill development.
2. Promote Social Development: Foster improved healthcare, education, and livelihood opportunities in underserved areas.
3. Create Inclusive Growth: Ensure that marginalized sections of society benefit from the initiatives, focusing on vulnerable communities like women and youth.

Scope

ICICI Venture’s CSR policy covers a wide range of projects that align with its mission of promoting sustainable and inclusive growth. The scope of activities includes:

1. Education: Initiatives that promote quality education, particularly in rural and underdeveloped regions.
2. Healthcare: Providing healthcare access, conducting health camps, and supporting medical infrastructure development.
3. Skill Development & Livelihoods: Promoting vocational training and entrepreneurship opportunities to create self-reliance.
4. Financial Inclusion: Projects that facilitate access to financial services, especially for marginalized communities ​(ICICI VENTURE CSR POLICY).

Sector Focus

ICICI Venture’s CSR initiatives focus on the following key sectors:

1. Education: Improving access to quality education and enhancing learning opportunities for children and youth.
2. Healthcare: Delivering affordable healthcare services, setting up medical camps, and supporting community health programs.
3. Skill Development: Training individuals in various trades to improve employability, especially in underserved areas.
4. Financial Inclusion: Helping communities gain access to essential financial services, promoting economic empowerment ​(ICICI VENTURE CSR POLICY).

Required Documents

To partner with ICICI Venture for CSR initiatives, organizations are required to submit the following documents:

1. Registration Certificate (RC) / Certificate of Incorporation (COI).
2. Trust Deed (for Trusts) or Memorandum of Association (MOA) / Articles of Association (AOA).
3. PAN Card of the NGO.
4. NGO Darpan Registration (mandatory for NGOs).
5. 12A and 80G Certificate (tax exemption certificates).
6. CSR-1 Registration.
7. Audited Financial Statements for the past three financial years (2021-2022, 2022-2023, 2023-2024).
8. Income Tax Returns for assessment years 2022-2023, 2023-2024, and 2024-2025.
9. Annual Progress Reports for the past three years (F.Y. 2021-2022, 2022-2023, and 2023-2024).
10. Bank Account Details of the NGO.
11. Aadhar and PAN Card of the authorized signatory.
12. Letterhead of the NGO.
13. Email ID and Mobile Number.
14. Signature and Stamp of the authorized person​

Payment Ratio and Funding

ICICI Venture’s CSR funding is driven by the legal requirement to allocate. The payment ratio for each project is determined based on the scale and impact of the initiative. Generally, funding is disbursed in installments, contingent upon meeting project milestones and satisfactory reporting.

Tender Fees

The CSR policy document does not specify any tender fees for organizations seeking to engage in ICICI Venture’s CSR activities. However, all proposals and applications must be submitted through official channels, and any administrative or processing fees may depend on the specific project guidelines.

Last Date for Submission

ICICI Venture’s CSR projects are typically carried out on an ongoing basis. There are no fixed deadlines for submitting proposals; however, organizations should monitor announcements and opportunities to align their submissions with ICICI Venture’s CSR calendar. Proposals can be submitted throughout the year.

Conclusion

ICICI Venture’s CSR policy underscores its commitment to creating a positive and sustainable social impact by focusing on inclusive growth, education, healthcare, skill development, and financial inclusion. By fostering partnerships with NGOs and other entities, ICICI Venture is dedicated to uplifting communities across India. Organizations looking to collaborate with ICICI Venture must ensure compliance with the documentation and legal requirements to participate in these impactful initiatives.

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