Fiinovation || Dr Soumitro Chakraborty wins 'CEO of the year' award at the 8th World CSR Congress held in Mumbai

Dr Soumitro Chakraborty, Chief Executive Officer of Innovative Financial Advisors Pvt. Ltd. (Fiinovation), was met with 'Chief of the year' grant at the eighth World CSR Congress held in Mumbai on February 18.

The World CSR Congress this year focussed on the mix of Sustainable Development Goals (SDGs) in corporate techniques, advancement, and vital collusions. The honor perceives Fiinovation's commendable work in the social improvement division and significant CSR and supportability programs.

Driven by the need to move creative reasoning and activity prompting practical social change, Dr Chakraborty carefully strategised a few supportability programs crosswise over India in association with various partnerships and common society associations. He left the job of a functioning pilot in 2006 and with a mean to manufacture a foundation that may reliably conquer any hindrance between the private part and common bodies, established Fiinovation in 2009.

Throughout the years, he has demonstrated his assurance by changing over difficulties into circumstances and conveying quality, compelling and vital answers for associations for social activities at a grass root level, going for comprehensive development.

Sponsored by rich sectoral experience and significant order in maintainability and authority as a subject has earned him the respect of being a compelling keynote speaker at different national and global gatherings. He has likewise written articles for driving national productions around the job corporates could play in guaranteeing and building a manageable world.

The eighth release of World CSR Congress saw cooperation from 33 nations and perceived the endeavors of people and associations.

"I feel lowered on getting the CEO of the year grant. This has a place more with Fiinovation family than me. No pioneer can accomplish only anything. This is the productive aftereffect of all the diligent work of every individual from the family. This acknowledgment will additionally fortify our determination in building a superior feasible world", said Dr Chakraborty on the event and ascribed the success to his group.

Self Help Groups – Instrumental in empowering women || Fiinovation

Women comprise practically half of the all-out populace in India. They are the key specialists to accomplish monetary, natural or social development of the nation. In spite of this, ladies are segregated and thought about frail when contrasted with their male partners, particularly in the rustic and semi-urban regions. Regardless of whether she wants to break the discriminatory constraint and improve her societal position, restricted access to credit, training and human services surface as a prevention. In spite of the fact that the requirement for ladies strengthening by giving equivalent rights to take an interest in the public eye, instruction, aptitude advancement and work can't be denied any more.

Understanding this need, Govt tried endeavors to develop the possibility of Self-help gatherings (SHGs) from the Gramin Bank show in Bangladesh around late 1970s. In India, it was first started by National Bank for Agriculture and Rural Development (NABARD) in 1986-1987, encouraging continued access to money related administrations for the unserved individuals. Further, the state legislature of Andhra Pradesh, Karnataka, Tamil Nadu and Kerala set up independent associations. Strikingly, another plan was presented in 1999, named Swarn Jayanti Gram Swarozgar Yojana (SGSY) that advanced independent work in country zones through expertise improvement inside SHGs. The program advanced as a national development in 2011 and changed into National Rural Livelihoods Mission (NRLM), the world's biggest destitution mitigation program.

The arrangement of Self-help gatherings (SHGs) include individuals, particularly ladies from comparative financial foundation to sort out themselves into a gathering. The capacity of Self-help bunches in India, is to draw in with individuals and to make joined reserve funds till the gathering assembles sufficient assets to begin a loaning procedure for the gathering individuals.

Throughout the years, the job of SHGs in rustic improvement has developed. Today, the Self help Groups not simply teach a propensity for reserve funds among ladies yet stretch out microfinance to help start work open doors for them. In addition, they likewise work in uniting different gifted partners and go for building limits of ladies, update their abilities and give them satisfactory preparing to business. One such successfulexample is the incredible activity embraced by Pangwala ladies in Pangi District, Himachal Pradesh.

The tribals of Pangwala is an underprivileged network. The state of ladies in the locale was hopeless previously. The greater part of them were uneducated, loaded with social standards and limited by male centric standards. Be that as it may, things changed for better when multi year old Nain Dei rose to change their in the territory. After much battles, in 2016, Nain Dei alongside 1200 other ladies effectively shaped 75 self improvement gatherings.

Moreover, Collective Efforts for Voluntary Action (CEVA), a non-government association bolstered these ladies to team up with National Bank of Agriculture and Rural Development (NABARD). The thought was to give them monetary help and sharpen their enterprising abilities, further to which, they were offered with satisfactory aptitudes to adapt to the changing business sector requests. Ladies in the gatherings began to make innate woolen handloom, crafted works, ancestral specialities and unadulterated natural items. In the long run, the items got acknowledgment and notoriety in the nearby market. Nonetheless, there was a need to make showcase linkages for these items to reach crosswise over India. CEVA helped these ladies to enroll their items with the brand named "Pangi Hills".

Today, the wollens, healing herbs, and natural items from the brand "Pangi Hills" are in a colossal interest. Six-Seven ladies in a single gathering procure between Rs 2 lakh to 2.5 lakh per annum through their deal in displays and exchange fairs. Pangi Hills additionally has a site to cook its online clients. A genuine case of how innovation can be conveyed for a bigger decent.

Like Pangi slopes, a few ladies crosswise over India have improved their societal position with SHGs. Such gatherings have encouraged the procedure of self-strengthening by conquering imbalance, improving cooperation of ladies in basic leadership process. The gatherings go about as a discussion for ladies to start participatory occasions including trainings and mindfulness battles on significant subjects like maternal wellbeing, AIDS, Child wellbeing, tyke marriage and help break generalizations on sexual orientation jobs.

So as to increase reliable development and accomplishment of self improvement gatherings, there is a requirement for NGOs, Micro-financing gatherings to approach and render support in upgrading the job of these gatherings. Corporates can assume a key job in propelling, preparing and managing the SHGs and exchange mindfulness on different Govt Schemes, and advertising linkages that can help set up an economical hierarchical structure.

Throughout the years, the possibility of SHGs has gone about as an impetus to enable ladies and reduce destitution. India, to advance comprehensive development and inspire the situation of ladies in the general public, need to grow the idea of Self-help gatherings, particularly in the unserved regions.

Imaginative Financial Advisors Pvt. Ltd. (Fiinovation) is a worldwide counseling firm working in numerous orders of the social advancement area with accentuation on Corporate Social Responsibility (CSR) and Sustainability. Fiinovation offers start to finish CSR counseling administrations and streamlined arrangements that has helped different companies channelize their assets for the upliftment of network on societal, financial and natural angles in agreement to their CSR contract. Since 2008, Fiinovation has developed amazingly and has made a benchmark in the segment through its administration quality. It has possessed the capacity to conquer any hindrance among organizations and networks through esteem based CSR programs in relationship with valid common society associations on skillet India premise in the field of wellbeing, condition, instruction, and business.

Future of CSR in India? Are corporates taking CSR seriously? How Fiinovation helps corporate in Implementing CSR Projects?

It is important to understand its intent and evolution.

a) The CSR law was established as a purpose of the administration to guarantee that organizations are unmistakably contributing back to the networks in and around their networks. They don't really need organizations to share the taxation rate as such as the all-out commitment of organizations through CSR is a unimportant division when contrasted with the financial plans of the administration for social welfare plans.

b) The first of its benevolent control of CSR on the planet requires organizations not exclusively to burn through 2% of its benefits towards the welfare of the general public yet in addition track and screen its use according to its organization CSR strategy. Just marking a limitless ticket to ride to your well-disposed neighborhood NGO isn't CSR. It must be as a program with definite results.

c) Next the law right presently is relevant to more than 12,000 organizations. Uncovering the Tata's and Birla's of India, the majority of the organizations have never done CSR. They do not have the committed labor, learning about the areas instruction, wellbeing and so on and need information about the CSR law itself and it's anything but a need for them. It is done just and just for the reasons for compliances.

d) The CSR law IMO is toothless. There are numerous escape clauses and there is no corrective arrangement because of which organizations can undoubtedly escape without spending a dime. It can without much of a stretch set up its own establishment and park the assets in the establishment as it would be regarded to be CSR if the organization chooses to do as such.

In summary, as long as there are no compulsory audit and reporting guidelines, monitoring and reporting standards, stricter penal provisions, CSR will not be a significant game changer as the media or government expects it to. I believe the first few years are experimentation years and it will gradually evolve as the companies themselves become aware and make more strategic decisions about CSR. 

Fiinovation, a worldwide CSR and Sustainability consultancy has gone into an association with People's Forum, a non-benefit association that works in divisions including ladies and youngster improvement, wellbeing and sanitation, job and agribusiness alongside a main Public Limited Company in the matter of production of Calcined Petroleum Coke, for a social welfare mediation on Water, Sanitation and Hygiene (WaSH) segments in Paradip. The Corporate Social Responsibility (CSR) program will plan to profit 700 family units in the area, by sharpening local people on Water, Sanitation and Hygiene (WaSH) rehearses. Obviously, the program will guarantee access to safe drinking water by introducing network Reverse Osmosis (RO) plants in the territory. The exercises will incorporate establishment of capacity tanks for accumulation and capacity of the filtered water. Through this activity, every family will be empowered to gather 20 liters of safe drinking water every day in jerry cans.

Fiinovation and our accomplices including People's Forum understand the methodology towards tending to social difficulties with cost-viability and time-introduction, and are sure that our reliable undertakings like these will bring a dependable change." As a piece of the venture, the other basic exercises incorporate tree estate in and around the provinces, school grounds, play area and other reasonable spots, expected to lessen the stream of contaminations and residue. To make a feeling of proprietorship and duty, the current Self Help Groups will likewise be capacitated to do the execution alongside the NGO.

About a yearlong task, it expects to profit around 3500 recipients and contribute towards a superior life by tapping on some key difficulties saw in the zone.

About Fiinovation

Creative Financial Advisors Pvt. Ltd. (Fiinovation) is a worldwide CSR consultancy which offers ability in segments like Healthcare, Environment, Education, Skill Development and Livelihood with accentuation on Corporate Social Responsibility and Sustainability. Begun in the year 2008, the association's grass-root level methodology in Need Assessment, Baseline Survey, Project Implementation and Impact Assessment has effectively spanned the holes among organizations and networks.

A portion of it's accomplices incorporate real enterprises and associations, for example, Bharti Infratel, Uflex Limited, Flex Foods, PI Industries, Laurus Labs, IL&FS-Skills, JK Tire, Mytrah Energy, Pipavav Railway Corporation, RPG Foundation and KEC International, among others.

Fiinovation implements CSR Project with People's Forum

Fiinovation, a global Corporate Social Responsibility (CSR) and sustainability consultancy has entered into a partnership with People's Forum, along with a Public Limited Company in the business of manufacture of Calcined Petroleum Coke, for a social welfare intervention on Water, Sanitation and Hygiene (WaSH) components in Paradip.

People's Forum is a non-profit organisation that works in sectors including women and child development, health and sanitation, livelihood and agriculture.

The CSR programme will intend to benefit 700 households in the district, by sensitising the locals on water, sanitation, and hygiene (WaSH) practices. Evidently, the programme will ensure access to safe drinking water by installing community Reverse Osmosis (RO) plants in the locality. The activities will include installation of storage tanks for collection and storage of the purified water.

Through this initiative, each household will be able to collect 20 litres of safe drinking water each day in jerry cans.

The company claimed that people of Paradip face immense problems in fetching safe drinking water due to unavailability and through this project, Fiinovation intends to improve the quality of healthcare with access to clean water, which is vital in maintaining good health. In addition, the project also aims to create community-level awareness sessions on the prevention of waterborne disease and combating malnutrition by conducting frequent awareness drives and health camps.

To identify the key problem within the community, a rigorous need assessment study was also conducted by Fiinovation Team, which resulted in some important observations and essential requirements.

Dr Soumitro Chakraborty, CEO, Fiinovation while speaking about the partnership, stated that the project focuses on addressing the most essential problems in the area. "We are proud to partner with People's Forum and take this initiative ahead which largely focuses on improving day-to-day lives of the people from the marginalised sector, who lack basic facilities like clean drinking water, healthy environment, and most important primary healthcare facilities."

The villages witnessed some prime problems like insufficient, irregular and unsafe drinking water which leads to a number of water-borne diseases. Another problem that has been identified is air and water pollution prevalent due to the presence of many industries, resulting in respiratory and skin diseases. Adding to the burden, sadly enough, non-availability of primary healthcare services is a major challenge in the said area.

To ensure an efficient execution of the project, Fiinovation has thoroughly researched and identified People's Forum, which will sensitise and create awareness amongst people.

"Our team at Fiinovation and our partners including People's Forum realise the approach towards addressing social challenges with cost-effectiveness and time-orientation, and are certain that our consistent endeavours like these will bring a long-lasting change," added Chakraborty Fiinovation CEO.

As a part of the project, the other essential activities include tree plantation in and around the colonies, school campus, playground and other suitable places, aimed to reduce the flow of pollutants and dust. To create a sense of ownership and responsibility, the existing Self Help Groups will also be capacitated to carry out the execution along with the NGO.

Nearly a year-long project, it aims to benefit around 3500 beneficiaries and contribute towards a better life by tapping on some key challenges witnessed in the area.

Fiinovation Delhi address - 24/30, Ground Floor, Okhla Industrial Estate Phase 3 Rd, New Delhi, Delhi 110020

Leading health insurance company partners with Fiinovation

A leading private sector health insurance company in India entered into a strategic partnership with Fiinovation, a global Corporate Social Responsibility (CSR) consulting firm, and Pinnacle Skills India, an NGO that works towards empowering youth through skill development and education.

The programmer's key objective is to provide skill development opportunities to women from financially disadvantaged communities in 36 districts across 8 states of India. Under this collaboration, Fiinovation and Pinnacle Skills will extend their services to facilitate the corporation's social welfare project for training the youth to take up the roles of General Duty Assistants (GDA).

The project's mandate includes community mobilisation through awareness activities, setting-up training centers for skill development, and ensuring employment opportunities. The complete CSR portfolio will be managed and monitored by Fiinovation. Pinnacle Skills India took the responsibility to arrange for 'On-Job Training' of the beneficiaries, in hospitals, and multi-speciality clinics.

Upon completion of the training, the beneficiaries will be duly assessed and issued certificates by National Skill Development Corporation (NSDC) and Sector Skill Council and provided with job placements as GDAs.

Speaking on the launch, Dr. Soumitro Chakraborty, CEO, Fiinovation stressed on the need and importance of women empowerment and their skill development. He stated, "There is a serious decline in women workforce participation due to lack of opportunities, safety and other social stigmas. We want to contribute towards making a social and economic change."

"Percentage of working women has declined over time. With 36% of women being employed in 2005-06, the number has decreased to 24% in 2015-16. This decline must be a major concern for economy and society at large. Owing to the high gender inequality at the workplace, there is an urgent need that calls for an overhaul. It goes without saying that we need to shift focus towards education, skill development and employment opportunities for women, more aggressively than before. Our society has to adapt and let them take their rightful positions, which they deserve. For the greater good, if more women become part of the paid labour force, it will help raise India's GDP by an additional 18% by 2025," Dr. Chakraborty Fiinovation CEO.

Fiinovation Delhi address - 24/30, Ground Floor, Okhla Industrial Estate Phase 3 Rd, New Delhi, Delhi 110020

Fiinovation and CYDA Join Hands to Implement a Social Welfare Project

Global Corporate Social Responsibility consulting firm Fiinovation, joined hands with Centre for Youth Development and Activities (CYDA), an NGO which closely works on improving Water, Sanitation and Hygiene (WaSH) and skill development among the marginalized section.

In accordance with the strategic partnership, supported by a leading manufacturer of Calcined Petroleum Coke, Fiinovation CSR has conceptualized a social intervention that aims at improving environmental and health conditions in Bilaspur district.

This joint initiative will largely focus on conducting awareness drives and implementing Wash (Water, Sanitation and Hygiene) specific programs in the region to benefit 700 households. The activities involve sensitization drives on improving hygiene habits, incorporation of RO tanks to facilitate safe drinking water, and ensure a clean environment.

Fiinovation , a CSR consulting firm, has exhaustively analyzed the ground-level needs and designed the project in a way that it meets the Sustainable Development Goals (SDGs) for enhancing the economic, social and environmental state.

Around 28% of the total population in Parsada Awas and 33% in Nayapara Parsada, two hamlets in Belha tehsil of Bilaspur district, work as wage labourers in the nearby industrial plants with inadequate access to drinking water and sanitation facilities. Some prime problems like water unavailability for daily usage leads to great trouble for women. Moreover, lack of toilets and bathing areas lead to open defecation and open bathing, resulting in water-borne diseases.

Fiinovation and CYDA are working rigorously on improving the water problems, sanitation factors and basic hygiene practices, thereby improving overall healthcare conditions.Regular tree plantation drives are also conducted for environmental benefits such as improving air quality and conserving water. The plantation drives engage the youngsters from the village and help in creating a sense of ownership within the community.

"We are proud to partner with CYDA for the initiative, envisioned to improve the living conditions of the marginalized section who don't have access to basic amenities like clean drinking water, and sanitation infrastructure and services. With this social initiative, we are striving to impact the health conditions in a positive way, "said Dr. Soumitro Chakraborty, Fiinovation CEO

Fiinovation Delhi

Address - 24/30, Ground Floor, Okhla Industrial Estate Phase 3 Rd, New Delhi, Delhi 110020