Credila is committed to operate and grow its business in a socially responsible way. Credila’s CSR objective has been empowerment of underprivileged children, empowerment of girl child, health and education.
Over the years we have strived to serve the communities through our various initiatives. In the last few years, through our CSR initiatives, we have made a positive impact on various activities related to COVID-19 under item nos. (i) and (xii) of Schedule VII of the Companies Act 2013 relating to the promotion of health care, including preventive health care and sanitation, disaster management, AND donation to the Prime Minister National Relief Fund (PMNRF) under item no. (viii) of Schedule VII of the Companies Act 2013.
OUR CSR INITIATIVES
The Composition of Corporate Social Responsibility Committee of Credila Financial Services Limited is as under:
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Health
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Education
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Child Empowerment
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WASH
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Girl Child Empowerment
Grant Support for Delivering Quality Education
Aseema Charitable Trust
Credila has partnered with Aseema to fund the ABSK Igatpuri School, providing quality education to children from tribal and underprivileged communities. Aseema’s educational philosophy emphasises student-centered classrooms, activity-based and experiential learning, cooperation, and collaboration.
During the pandemic, Aseema swiftly responded to the nationwide lockdown with strategies such as delivering and distributing gadgets to address technology access disparities, recalibrating curricular goals, providing intensive mentorship, and conducting online co-curricular activities to keep students motivated and engaged.
The curriculum at ABSK Igatpuri School includes computer literacy and co-curricular activities like music, arts, and sports, allowing students to discover and develop their abilities across physical, emotional, cognitive, and social domains. Aseema’s focus on targeted remediation, accelerated learning models, and continuous professional development levels the playing field for marginalized students in a safe and nurturing environment, achieving equity and quality. In FY23, the Company’s support benefited 374 students in ABSK Igatpuri School.
Muktangan Education Trust
The significance of systemic change in education has gained widespread recognition, inspiring Muktangan to create a viable model. In collaboration with the Municipal Corporation of Greater Mumbai (MCGM), Muktangan has developed an integrated model of inclusive teacher and school education, encompassing pre-service and in-service teacher training, as well as seven municipal schools which are led by community members and serve 4,000 children aged 4 to 16 years old, particularly from underprivileged populations in Worli, Prabhadevi, and Parel (Mumbai).
Credila has collaborated with Muktangan Education Trust to support their research and promote a 'total systems approach' that enables marginalised communities to be change agents and bridges the educational divide between the 'haves and the have-nots'. Credila has supported the operating expenses of Muktangan’s Globe Mills Passage Secondary School in Mumbai for FY23, benefiting 434 students. The Muktangan approach is built on child-friendly pedagogy and an Active Constructivist Approach, which promotes a cognitive learning process that allows learners to generate new concepts by comparing and expanding on prior experiences.
Therefore, the collaboration between Credila and Muktangan aims to provide equal access to education, minimise school dropout rates, promote holistic development in children, and create a nurturing and safe learning environment for underserved communities.
The Akanksha Foundation
Credila has partnered with The Akanksha Foundation (TAF), a non-profit organization dedicated to empowering underprivileged children through education. Our goal with this partnership is to aid TAF in their Alumni Support Engagement Programme, which assists former TAF students in keeping focused on their education and attaining their academic and career goals.
One of the programme’s key objectives is to ensure that all TAF graduates finish their 12th grade. TAF graduates receive thorough counselling, career coaching, and financial help. The Company’s assistance has enabled TAF to increase its efforts and aid more students in reaching their full potential and finishing their 12th standard education. As a result of this partnership, the Company has been able to support scholarships for 222 students to pursue higher education.
In addition, this year Credila has also extended support to the Harvard Young Leaders Circle (YLC) Program. This initiative promotes equitable access to higher education among vulnerable sections of society and identifies talented individuals who can benefit from personalised academic and career guidance. Through this collaboration with TAF and the Harvard YLC Program, the Company aims to create more opportunities for underprivileged students to achieve their educational and career aspirations.
Light of Life Trust
With the one of highest number of out-of-school children in the world, India today confronts a big issue. Although the government has made various measures and seen strategies that focus only on students may not be adequate to fulfil overall educational goals. To provide an excellent education, it is critical to include all stakeholders in a child’s life. To address this problem, Credila is working with Light of Life Trust to improve the quality of education at two rural government schools in Karjat, Maharashtra: Janata Vidyalaya Lowjee and Lokmanya Tilak Madhyamik Vidyalaya, Vasrang Khopoli.
The collaboration between Credila and Light of Life Trust seeks to strengthen interactive classroom procedures for teachers, enhance holistic academic development, and create effective modalities of parent and community connection. The emphasis is on increasing participation of all major stakeholders in a child’s life to ensure that they stay in school and finish their basic education. The programme intends to build, activate, and strengthen the partnership between schools, parents, and students to develop responsible citizens of a young and dynamic India.
The Company was to assist 229 students through this project. This initiative demonstrates the Company’s strong commitment to enhancing educational quality and the lives of all major stakeholders engaged.
Financial Assistance for Providing Quality Healthcare Services to Underprivileged Sections of the Society
INGA Health Foundation
Craniofacial and facial deformities can have long-term consequences for children, resulting in social stigma and social exclusion. This can have a negative psychological impact on their early schooling and social functioning, putting them at a substantial disadvantage.
To address this issue, Credila is collaborating with the INGA Health Foundation with the primary purpose of supporting their vision of attaining a cleft-free India while simultaneously increasing awareness about craniofacial and maxillofacial deformities. The Company’s contributions have funded craniofacial and maxillofacial procedures, which are carried out in phases at different ages for the patients. In FY23, the Company supported 103 children that included supporting 46 maxillofacial, 18 craniofacial, and 39 cleft surgeries.
The collaborative aim of this project is to ensure that childrenwith facial or craniofacial deformities receive comprehensive treatment and after surgery care. By raising awareness in society, the Company hopes to eliminate the social stigma associated with facial deformities by enhancing public knowledge and improve the quality of life for the children and enable them to prosper socially and economically
Aishwarya Trust
The partnership between Credila and Aishwarya Trust aims to lower the prevalence of congenital heart disease (CHD) in children and provide access to high-quality healthcare services through CHD screening. Credila, with the assistance of Aishwarya Trust, administers a comprehensive CHD Program in Tamil Nadu to screen children from economically disadvantaged backgrounds for CHD and assist those identified with CHD in receiving the best possible treatment in the country.
Aishwarya Trust regularly runs screening camps under the aegis of the RBSK Program at Medical College Hospitals in Tamil Nadu as well as other locations around the country. The purpose of these camps is to identify children and young adults from marginalised backgrounds who are suffering from CHD and need surgical intervention. A competent, renowned, and committed team of surgeons at Aishwarya Trust provides surgery and care to children. The children are able to resume their normal lives within a week following surgery and can return to school almost immediately. Consequently, their chances of leading a quality life are increased. The Company supported the surgical treatment of 53 children during fiscal year 2022-23.
Blind People's Association (India) (BPA)
Cataracts, or clouding of the natural lens of the eye, are a major cause of blindness in India, particularly among the poor and vulnerable. However, at the village and rural levels, there is inadequate knowledge regarding cataract surgeries and corrective eye therapies, compounding the problem. To address this, the Company has collaborated with Ahmedabad’s Blind People’s Association (BPA) to promote eye care for marginalised and underprivileged communities.
The partnership between Credila and BPA attempts to reduce unnecessary blindness and improve quality of life by treating the underlying causes of blindness and providing access to critical medical equipment and expertise, with a primary focus on retina and cornea procedures. In FY23, Credila supported 50 keratoplasty and 50 retinopathy procedures. This year, the Company has additionally installed a Drager Anaesthesia Machine, which is an essential component for cataract procedures that will considerably improve the overall quality of care.
Access Life Foundation
The Lancet Oncology Commission forecasted in 2020 that over the next three decades, around 13.7 million children will be diagnosed with cancer, with 11.1 million dying if healthcare services and cancer treatment are not prioritised. Every year, nearly 50,000 children in India are diagnosed with cancer, which equates to one child every 11 minutes. Financial constraints, the use of alternative medicines/natural remedies, and widespread misconceptions about cancer being incurable frequently contribute to delayed diagnosis and restricted access to thorough therapy, with 80% of children abandoning treatment.
In response to this critical circumstance, Credila has partnered with the Access Life Foundation to assist disadvantaged families traveling to Mumbai for cancertreatment fortheir children. This collaboration includes assistance with accommodation, food, transportation, and counseling services, with the primary purpose of providing high-quality cancer care so that families can focus on their child’s treatment.
The Company supports Access Life Foundation’s Chembur and Bandra centres that seek to provide continuing therapy, education, and awareness to families, emphasising that children’s cancer is curable. Our dedication to this collaboration seeks to alleviate the strain on families during this difficult time and raise the possibility of positive outcomes for their child’s health. During FY23, the Company, with the help of Access Life Foundation has supported 258 cancer patients.
Grant support to the following organizations towards providing need-based services for underprivileged children
Salaam Baalak Trust (SBT)
With a population of over 1.2 billion people, India holds the unfortunate record of having the largest population of street children in the world. This is the most vulnerable population, and the challenges surrounding their care affect both industrialised and developing countries, albeit to varying degrees and effects.
The Salaam Baalak Trust (SBT) is dedicated to recognising and protecting the rights of street children by providing them with an integrated ‘network of services’ to assist them in reaching their developmental objectives. The programmes have developed from a needs-based to a rights-based approach, providing these children with options for a brighter future. This method emphasises comprehensive development and attempts to integrate them as productive individuals into mainstream society. SBT offers a variety of services to both boys and girls who have been rescued from the streets, including housing, education, counselling, healthcare, and nourishment.
Credila has collaborated with the Salaam Baalak Trust to provide infrastructure and maintenance support to three shelter houses in Andheri East and Kandivali (Boys’ Centres), and Malad West (Girls’ Center). With this collaboration, we have been able to support 300 street-rescued children by offering educational support, nutritional food, employment help, counselling, healthcare, and housing.
Grant support to the following organizations towards providing Water, Sanitation, and Hygiene (WASH) programmes in school
Yuva Unstoppable
Water, Sanitation, and Hygiene (WASH) programmes are vital in schools as they play a critical role in improving primary education access, reducing child mortality, promoting gender equality, and enhancing water and sanitation facilities. Access to clean water, age-appropriate bathrooms, and handwashing facilities in schools also aid in illness prevention and enhance children’s attendance and learning results
However, approximately half of India’s schools lack basic WASH facilities and clean drinking water, posing a substantial hurdle. Hence, it is critical to address this issue by providing separate restrooms and menstrual hygiene management facilities for females, since this can assist in minimising school dropout rates, absenteeism, early marriage, and pregnancy.
Recognising the significance of clean water, sanitation, and healthy behaviours for children’s health, learning, and overall development, Credila worked with Yuva Unstoppable to assist its School Transformation initiative. This effort focuses on building WASH infrastructure in government high schools, including building toilets, handwashing areas, clean drinking water facilities, mid-day meal spaces, and multi-purpose shade areas. As part of this collaboration, WASH activities have been launched in three government schools, benefiting a total of 222 students so far. The partnership aims to ensure equal access to safe sanitation and clean drinking water, ultimately reducing school drop-out rates caused by the lack of these facilities.
Grant support to the following organizations towards providing need-based services for Girl Children Empowerment
Prerana – Naunihal Project
Naunihal, operated by Prerana, is a girls’ home that operates in compliance with the Juvenile Justice Act of 2000. Its primary purpose is to provide emergency shelter for girls from the red-light areas of Mumbai who are vulnerable and at risk of being trafficked for sexual exploitation. As the government’s designated initial point of contact for emergency shelter, Naunihal provides round-the-clock care and protection for girls in need, as referred by the Raigad Child Welfare Committee, many of whom have been victims of sexual crimes or human trafficking.
Upon referral to Naunihal, the girls receive care for a duration of six weeks to a year or more, depending on their individual requirements. Prerana ensures that the infrastructure, processes, and practices at Naunihal are child-safe, and it also encourages the girls’ access to long-term formal education and career training. The main objective is to nurture physical and mental growth and development in the girls while building confidence in them. The Naunihal team continues to follow up with the girls even after they have been reunited with their parents, offering additional aftercare support services such as educational and vocational links, rehabilitative aid, and personality development activities.
Credila has partnered with Prerana to assist the Naunihal initiative, which aims to provide a safe haven for girls who have suffered or are at danger of sexual offences, as well as other girls in need of care and protection. With this help of this collaboration, the Company has been able to give secure shelter, care, and protection to 30 girls.
Seva Sahayog Foundation – Urjita Project
Credila has partnered with the Seva Sahyog Foundation to support the Kishori Vikas Prakalp - Urjita Project, an initiative aimed at promoting the holistic development of adolescent girls from low-income families. This programme focuses on nutrition, health, gender education, and personality development to build their confidence and create a platform for self-expression
This partnership aims to develop an all-encompassing physical and mental support system that improves decision making abilities and boosts safety awareness in the setting of anti-social circumstances. Credila hopes to minimise absenteeism during menstruation and increase participation in school and community activities by enhancing personal hygiene practices amongst adolescent girls. In addition, the Company seeks to increase their interest in science, technology, engineering, mathematics, and design by introducing them to more of these subjects
Through this collaboration, the Company has supported 20 clusters in Pune, benefiting a total of 1074 girls. This support focuses on boosting their confidence and giving them the opportunity to express themselves, allowing them to attain their greatest potential. Therefore, the Company firmly believes that by working together, we can help these girls overcome the challenges they face and provide them with a brighter future.