2021-22Annual Report
COVID-19 pandemic continued into FY22, posing challenge to lives, livelihood and economy. Our focus this year, however, was to enable the government in rapidly inoculating the population giving its criticality in slowing down the spread and getting the economy back on track.
We joined hands with the N18 group to educate the masses on the benefit vaccination and promote the healthy lives and well-being. The project, one of India’s most extensive vaccine awareness drives, was held across nine months with message being spread via digital media alongside running ‘Sanjeevani Ki Gaadi’ for ground mobilization. A total of ₹15.35 Crore was spent towards driving awareness, and the project was received well by the public and recognized by various authorities..
We allocated a sum of ₹ 7.78 Crore to promote COVID vaccination in five districts in association with United Way of Mumbai. The project was implemented for ten months across 1,000 villages in Amritsar, Indore, Nashik, Guntur and Dakshin Kannada districts.
total beneficiaries of Sanjeevani and vaccination drive programmes
From the year 2005, Federal Bank Hormis Memorial Foundation has been providing scholarships to meritorious students who belong to financially weaker sections of society for pursuing various professional courses.
The scholarships are being disbursed to selected students belonging to CSR identified states of Kerala, Tamilnadu, Gujarat and Maharashtra, for pursuing 1) Medicine (MBBS), 2) Engineering (BE/B Tech), 3) Agriculture (B.Sc), 4) Nursing (B.Sc), and 5) MBA.
We have published the results of Scholarship 2021-22. 159 students are selected across 4 CSR identified states.
As part of the Corporate Social Responsibility initiatives, we have started Federal Skill Academy at Kochi on Founders Day, October 18, 2015. The social initiative was launched to give wings to the youth belonging to the underprivileged section of the society. The aim of the project is to impart skill training to unemployed and marginalized youth to empower and to mentor and assist them to upgrade their skills for improved employability, increased efficiency and career growth. For the smooth implementation of the project, we joined hands with M/s SB Global Educational Resources Pvt Ltd as the implementing partner. On successful achievement of the objective of the first Academy, the Bank decided to expand the operations of the Federal Skill Academy to three more states, i.e., at Coimbatore (2016), Kolhapur (2018) & Karnal (2019). The number of trainees has grown rapidly and it created livelihood for the youth as well contributed to the national skilling initiative. The Karnal Centre is being relocated.
A major group of the beneficiaries are from ITI/Diploma background. We have also considered dropouts from schools/ colleges who are struggling to return to the mainstream. The students are selected from the underprivileged background, mainly from the age group of 18 and 22 years. By giving skill training to the underprivileged youth, we intend to help them to improve their quality of living in a sustainable manner.
On successful completion of training in various skills, placement assistance is also given to the candidates by the implementing partner, M/s SB Global Educational Resources Pvt Ltd, in companies, such as Blue Star, Bosch, Mahindra Pumps, Zita Engineering, Pricol etc.
We spent ₹ 15.98 Crore towards improving the healthcare infrastructure in the country. Key areas of healthcare spending included:
We spent over ₹7 Crore in FY22 towards facilitating better education. 492 deserving students were provided Federal Bank Hormis Memorial Foundation Scholarships for pursuing professional courses. Project Vidyakiranam was initiated in association with CII whereby tablets were provided to enable 474 poor and marginalized students attend online classes.
We also associated with local governments to support their educational projects. In Kerala, we supported the Additional Skill Acquisition Programme for establishing community colleges which will benefit 91 students. In Tamil Nadu, we supported the Namuukku Naame Thittam Project which involved installing smart classrooms in 22 tribal schools in Talawadi, Sathyamangalam and Anthiyur Taluks. In Odisha, we helped transformation of six government schools in three-block panchayats under 5T scheme.
Additionally, we run skill development academies – Federal Skill Academy – across various cities. In FY22, 416 unskilled youths received training through these, helping them to improve their employability or undertake entrepreneurial ventures. In FY22, we also undertook traffic and cyber security awareness building programmes.
In FY22, we spent ₹ 53.23 lakh towards various welfare initiatives. We sponsored a Maruti Eco 5-seater vehicle each for Ernakulam south railway station and for Alphons Sadan, Angamaly (for transporting 105 students with multiple disabilities). In Ernakulam, we assisted Welfare Services in setting up a livelihood enhancement project that is working towards transforming lives of 20 neuro divergent individuals.
We also assisted in their project for rescuing absconding children who reach at Ernakulam South Railway Station by train.
To create a hunger-free society, we supported Samridhi@kochi in providing meals at a subsidized rate of ₹ 10 to fifty-thousand beneficiaries in Kochi Corporation.
We helped establish a Nature Conservancy Gift Store which will provide a platform for selling products of 75 differently-abled persons from Janey Centre for Special Education, Kochi. We also helped construct a house for a bedridden patient at YMCA, Alangad as well as homes and hostels for Rajaram Patil Old Age Home at Pangri Matha, Ballalwadi, Junnar Taluk, Pune benefiting 50 senior citizens and orphans.
At Federal Bank, women empowerment is important both within and outside the organization. In FY22, we spent ₹24.82 lakh towards various projects. Through our project ‘SwayamSakthi’, we provided remedial education to 40 underprivileged girl students aged between 11-14. We sponsored fabric shredding machine and washing cum drying machine to support Kochi Corporation in creating livelihood for women under its HEAL (Health, Environment, Agriculture and Livelihood) Project. We assisted AIDA, Dimapur in its project to enhance quality of life by providing twenty sewing machines and their accessories which will help women entrepreneurs in creating livelihood opportunities. We also helped Sewa Social Service Society, Khadi, Pune in setting-up two stitching units which will help nearly 100 underprivileged women earn and support family.
We associated with Ministry of Textiles (Handicrafts) and KVIC to train women entrepreneurs in making handicraft products using natural waste and banana fibre. Banana fibers are environment-friendly and promote responsible consumer behaviour towards clean environment.
We supported Student Empowerment for Environmental Development in carrying out a massive awareness program among student fraternity to conserve the earth’s natural resources. Through the project, ₹38.40 lakh participants were reached out to across 8,432 schools in Kerala. In Kushal Nagar, we supported the town panchayat in grill fencing the bridge on Cauvery River to prevent mishaps, benefiting a population of ~15,000. A total of ₹31.5 lakh was spent in these initiatives. Under Miyawaki afforestation project, we supported Greater Chennai Corporation in clearing waste debris and filling up with the top soil for plantation in the low-lying areas in locations owned by them. Ten thousand saplings of fruit, shade, and medicinal plants like Azadirachta Indica, Pongamia Pinnata, Phyllanthus and other plants were planted across 3,350 sq. m of area.
We spent ₹59.60 lakh towards undertaking various CSR initiatives on the occasion of Founder’s Day which benefited ~1,000 people.
Clean drinking water is a right of every citizen and a key measure to prevent diseases. Targeted at this, we sanctioned ₹ 150 lakh which will be used over the years towards facilitating safe drinking water to ~3,000 below poverty line families in Thrissur Municipal Corporation.
We sponsored ₹35 lakh to Diocese of Kanjirappally for constructing houses for four families who lost livelihood due to heavy rain and landslides.
We strive to improve the living standards of the weaker section and contribute positively to society by acting to bring them into the formal banking system. We do this by facilitating financial literacy and providing banking support.
We impart financial literacy to the general public through our 157 rural branches and 22 Financial Literacy Centres (FLCs) which are operated by our Federal Ashwas Trust across Tamil Nadu, Kerala, Maharashtra and Gujarat. We ensure providing unbiased, fair and coordinated financial education through financial literacy classes and credit counselling. In FY22, around 1,113 literacy camps (including 408 online sessions) and 845 counselling sessions (including tele counselling) were undertaken by FLCs, benefiting over 36,000 people.
We actively participate in Prime Minister’s various Social Security Schemes. Till date, ~680 families of our deceased customers, who had enrolled under the schemes, received a total settlement of ₹13.59 Crore.
6.34 lakh enrolments with an outstanding balance of ₹ 343.67 Crore
1.96 lakh enrolments
0.84 lakh enrolments
0.21 lakh enrolments
We are supporting the various credit schemes sponsored by the Central and State Governments of India (GoI). These include:
A flagship scheme of the GoI to extend affordable credit to the unbanked individuals and MSMEs.
Ministry of Housing and Urban Poverty Alleviation (MHUPA) scheme is aimed at reducing the poverty of urban poor households through providing access gainful self-employment and skilled wage employment.
Launched PM Street Vendor’s Atmanirbhar Nidhi (PM SVANidhi), Govt. of India (MoHUA) to provide credit for working capital to street vendors to resume their business after the COVID-19 pandemic and consequent lockdown.
A national programme by the Ministry of MSME to generate employment opportunities by establishing micro enterprises in rural and urban areas.
Ministry of Rural Development (MoRD) scheme to uplift rural poor through sustainable income livelihood enhancements and access to financial services.
We are aggressively lending to SHGs and JLGs, primarily women from lower strata, through business correspondent and branch channels