What is the target number of marginal farmers HDFC Bank aims to support under the ‘Parivartan’ initiative by 2025?

Correct option is C

The correct answer is (c) 5 lakh

Explanation:

• Under its corporate social responsibility initiative 'Parivartan', HDFC Bank aims to increase the income of 5 lakh marginal farmers earning less than ₹60,000 annually by 2025.
• This initiative reflects the bank's commitment to fostering sustainable growth and uplifting vulnerable communities.

Information Booster:

• Launched in 2014, HDFC Bank's Parivartan has grown into one of India's largest CSR programs, active in 28 states and 8 Union Territories.
• Over the past decade, the bank has invested over ₹5,100 crore in various CSR projects, positively impacting the lives of over 10 crore people. ​

Key objectives to be achieved by 2025 under Parivartan:

• Skill training for nearly 2 lakh individuals to equip them with capabilities that drive self-sufficiency.
• Development and support for 20,000 institutions to promote local economies and sustainable livelihoods.
• Promotion of 25,000 community-led enterprises, with 50% being women-led.
• Bringing 2 lakh acres of unirrigated land under irrigation, fostering agricultural productivity.
• Cultivation of 1 lakh acres of farmland to increase food security and rural income.
• Scholarships for 25,000 meritorious underprivileged students to improve access to education.
• Improving class-appropriate learning for 20 lakh students through focused educational interventions.
• Surpassing the initial tree plantation target, with 38 lakh trees already planted against the FY25 goal of 25 lakh.

These initiatives align with 9 of the 17 United Nations Sustainable Development Goals (SDGs), emphasizing HDFC Bank's dedication to comprehensive socio-economic development.