Our responsibility towards the community is driven by our belief in the power of small, with a large vision and the right intent. Akin to the butterfly effect, wherein a series of small changes can together create significant value and impact, we, at SBM Bank believe that every act and impact counts, and has the potential to evolve into something big and strong.
Being a young Bank, we have instilled the core value of “Doing well by doing Smart” and focused on select initiatives. Our CSR Committee of the Board guides us in pursuing these goals and beyond.
Pragatishil Palghar is our collaborative multi-stakeholder effort for the upliftment of the socio-economic position of Palghar district. Situated just 2 hours away from Mumbai, the de facto financial capital of India, is the tribal district of Palghar where communities are majorly involved in agriculture and farming. Through self-empowerment, skill development and sustainable progress, we support the rural communities and give them access to our comprehensive range of banking services.
Name of the CSR Partner | Nature of Expenditure |
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Each One Educate One Foundation (E1E1) https://eachoneeducateone.org/ | Each One Educate One is the education focused arm of Shri Sathya Sai Gram SBM Bank India extended sponsorship towards Each One Educate One Foundation’s edu-care program wherein children from underprivileged backgrounds, in Grades 6-12, are provided with residential education programs which takes care of students' basic requirements, such as food, clothing, housing, and all other necessary daily needs in addition to their educational costs. |
Association for Nutrition and Development Action (ANNADA) https://annada.org | Sponsorship towards Association for Nutrition and Development Action (ANNADA)’s food packet distribution programmes to provide nutritional care to children under 6 years, mothers, adolescent girls, school children (midday meals) and extremely economically weak segments. |
Global Vikas Trust (GVT) https://wwww.globalvikastrust.org | Led by eminent conservationist Mayank Gandhi. Support extended towards Global Vikas Trust’s initiative towards the support of farmers from poorer and underprivileged segments in Palghar, Maharashtra. Under this initiative, we supported provision of subsidized saplings of mogra, banana and mango to small and marginal farmers (depending on soil viability and means to cultivate and tend). |
Dignity Foundation https://dignityfoundation.com | Sponsorship to Dignity Foundation towards Care and Support for senior citizens. Our patronage helped cover the operating costs of the Geriatric Day Care Centre in Jogeshwari and Dementia Day Care Centre in Mahim for the month of March 2025. Geriatric Day Care: Funds covered rent, mid-day meals, centre manager’s and assistant’s monthly salary and nutritional drinks. Dementia Day Care Centre: Funds covered pick-up and drop costs of patients, cost of medication, physiotherapy, yoga and exercises tailored to senior dementia patients’ requirements, customized diets for each patient and counselling and peer support to patients and families. |
Name of Organisation | Purpose |
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Each One Educate One Foundation | Sponsor quality education (boarding school format) for tribal students and students from underprivileged backgrounds in Karnataka and Telangana with a view to giving such students access to various socio-economic opportunities that would help them sustain a sufficient livelihood while also working towards the improvement of the communities they are members of. |
Annada | Sponsor nutritional support targeted at young mothers, infants, and children from underprivileged backgrounds in rural Maharashtra with a view to combating mental and physical development issues in children, infant mortality, post-natal complications in mothers, and lack of nutrition leading to disease and illness in nursing mothers or mothers of young children. |
Global Vikas Trust | Sponsorship of subsidized crops and saplings and training of small and resource-constrained farmers for round-the-year income generating cropping patterns and cycles |
HelpAge | Sponsorship of subsidized cataract surgeries for poor and elderly patients in Palghar district. |
Govardhan Ecovillage | Sponsorship towards setting up of a Science Technology and Innovation (STI) Hub in association with the Department of Science and Technology Government of India, which includes a 2-acre nursery and farmer training blocks in Mokhada, Palghar. The same is aimed at green skilling and building of a sustainable livelihood program for 500 tribal families in Mokhada. |
Sankara Nethralaya | Sponsorship of complicated eye surgeries for underprivileged and needy patients |
Centurion University | Sponsorship towards the Krushak Kalyan Yojana for enhancing farmer skills, productivity, and income for small and marginal farmers in Odisha. |
The Corporate Social Responsibility Committee of the Board of Directors of SBM Bank (India) Limited comprises of the below Directors: