Mumbai: Fullerton India Credit Company Ltd was honoured with the World CSR Award for 'Best Community Development Programme', on World CSR Day. The awards ceremony was held in Mumbai and was attended by leading Indian and global CSR specialists, practitioners and corporates. The World CSR Awards recognize organizations that practise sustainable CSR, thus making a significant and positive impact on the community.
Fullerton India, as an organization, is invested deeply in the development of rural India and its people, and is committed to helping the community in advancing their livelihoods, thus improving their income and standard of living.
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. Fullerton India's Livelihood Advancement programs and events are organised and run completely by its employees.
In 2012, over 12000 rural households benefitted through 400 vocational training programs conducted by Fullerton India.
"We were very honoured to receive this award. It's a recognition of Fullerton India's livelihood advancement initiatives and its commitment towards community development," said Ravi Shankar, EVP Rural Business, Marketing & CSR, Fullerton India.
"This initiative has had a very sustained and positive impact on the beneficiary households and helped them improve their household incomes," he added.
Fullerton India Credit Company is one of India's leading non-banking finance companies (NBFC). It has over 350 branches spread across 21 states in urban and rural centres. It offers several retail finance products for varying needs of customers in the locations it serves. Fullerton India has a widespread reach in rural India through its network of 120 rural business branches called Gramshakti, which service over 12,500 villages. It is a wholly-owned subsidiary of Fullerton Financial Holdings, Singapore, which is a subsidiary of Temasek Holdings of Singapore.