SBI Supports NGO with Lab Equipment and Electric Vehicles

Quick Summary

• The State Bank of India (SBI) donated ₹50 lakh worth of educational infrastructure to Ekalavya Grameena Vikas Foundation (EGVF), including labs for computer, physics, chemistry, and biology.
• The initiative was part of SBI’s corporate social obligation (CSR) program aimed at rural learning and empowerment.
• SBI Chairman C.S. Setty participated in the CSR event on Sunday, announcing additional contributions such as two e-vehicles for field training and promoting organic farming and rural entrepreneurship.
• support was provided to the Saandeepani Gurukul in Gingurthy, Vikarabad district, with the establishment of science labs and an AI-enabled computer lab to enhance hands-on learning and scientific exploration.
• SBI follows a two-pronged CSR strategy through its SBI Foundation and 17 Circles. The bank has been proactive in undertaking CSR initiatives before guidelines mandated banks allocate 1% of net profit towards such activities.
• EGVF is a non-profit organisation founded in 2015 that focuses on enduring rural development through agriculture, education, health, organic farming, and community empowerment.
• Additionally, groceries, sewing machines, and domestic appliances were donated by SBI Ladies Club President Sreedevi Surya to Self Help Groups (SHGs) from medak and Vikarabad districts.

Image: SBI Chairman C.S. Setty during the CSR programme on Sunday

Indian opinion Analysis

SBI’s continued commitment to corporate social responsibility underscores the pivotal role financial institutions can play in addressing developmental gaps across India’s rural areas. Through initiatives like supporting educational infrastructure at EGVF or promoting value-based education centers like Saandeepani Gurukul using modern tools like AI-enabled labs-this effort directly contributes toward improving scientific literacy among underserved communities.

Enhancing field-based learning via e-mobility solutions not only supports vocational education but also encourages sustainable practices such as organic farming which align well with national priorities around environmental conservation.

With its long-standing emphasis on community engagement predating mandated guidelines from RBI underscoring its proactive approach-the bank sets a benchmark for responsible growth aligning business efforts with impactful societal change.

Moreover donation extending further Local SHG women showcases interconnected pragmatic interventions blending aims grassroots needs practically creating ripple impacts beyond one-off schemes foundational empowering systemic models ensures developed future Read More[https://www.thehindu.com/theme-images