Suryoday Foundation is registered. as a Not for Profit organization in 2014 under Section 8 of the Companies Act of 2013. It is the Corporate Social Responsibility (CSR) initiative of Suryoday Small Finance Bank with its head office in Navi Mumbai, India.
Suryoday Small Finance Bank has always been committed to the economic and social development of low income, unserved and underserved communities in India. Social development is embedded in the DNA of Suryoday and therefore much before Corporate Social Responsibility became a mandate, Suryoday engaged with women and communities in the areas of Financial Literacy, Health and Environment.
Suryoday Foundation currently has operations in Maharashtra, Odisha and Tamil Nadu.
We are committed to building resilient communities by empowering the unserved and underserved families in India with information, opportunities, facilitating access to Financial, Health, Education, Livelihoods, and Social Security products and services; so that they make informed decisions for themselves and improve their economic and social wellbeing.
Suryoday activities were initially focused on Financial Literacy, Health Camps and Environment. The programs were designed largely for women in the communities.
In 2020, based on insights received from a third-party impact study conducted and the aftermath of the COVID 19 pandemic Suryoday Foundation decided to redesign their programs. The focus was to reach out to specific and vulnerable communities affected by COVID 19 pandemic. The strategy was to make relevant and meaningful interventions having a positive impact. The following Urban, Rural and Tribal communities were selected:
Domestic Workers were significantly impacted during COVID 19 lock down and the impact continues – many of them lost jobs or were left with partial employment only. In the absence of no saving, many were forced to take loans for survival, pushing them further into poverty. Therefore there is an urgent need to focus on building financial capability of this segment.
Read More
The foundation of any value or learning starts from childhood when the mind is at an optimum development stage. Suryoday decided to invest in in children and youth in the age group of 14 years to 20 years to enhance their learning outcomes.
Read More
Suryoday realized that along with children it is important to engage with the parents to ensure the benefits are accrued by the entire family. Children can be key partners in building digital and banking literacy of the parents.
Read MoreFinancial Literacy
Health
Community Engagement
Bank Product Linkages
Social Security Linkages
