Rs.10 Crore Fund For Families Of Ex- Servicemen, Thank You ICICI Bank

The Logical Indian Crew

October 9th, 2017

They are the ones having sleepless nights so that we can sleep in peace.

They are the ones putting their lives at risk so that we are safe in our homes.

They are the ones living away from their families so that we can live with ours.

They are the Indian Armed Forces – the ones who have dedicated their lives for safeguarding our Mother land; for safeguarding us.

In a bid to aid the welfare of the families of ex-servicemen who have lost their lives guarding the nation, Ms. Chanda Kochhar, MD & CEO, ICICI Bank, committed to the Hon’ble Minister of Defence, Smt. Nirmala Sitharaman, a financial assistance of Rs.10 crore to the Indian Armed Forces.

Our Indian Armed Forces bravely guard our borders and protect us. Many of these men have valiantly fought and made the ultimate sacrifice of laying down their lives for our country,” said Ms. Chanda Kochhar, MD & CEO, ICICI Bank, speaking at a function in the Raksha Mantralaya today, October 9.

“While no amount of assistance is enough to fill the loss for the families, this gesture is our humble endeavor to contribute towards their betterment.”

Through the various skilling initiatives which have been undertaken by ICICI Bank in the past, we have seen that the maximum impact on an individual’s life can be made by equipping him or her with skills and knowledge which enables him or her to participate in the economic opportunities in the country. Our assistance will aid the young children and widows of the soldiers to get an education thereby enabling them to gain knowledge, get a job and earn a sustainable livelihood. This is our small contribution to these daughters of the nation and our thoughts and best wishes will always remain with the families”, continued Ms Kochhar.


This fund will be used for two programmes to support the daughters of the armed forces:

First, towards the post-graduation education of the widows of ex-servicemen and also to support education for their wards.

Second, for providing financial assistance towards marriages of the daughters of the ex-servicemen.

The Kendriya Sainik Board, an apex body of the Government of India, which formulates policies for resettlement and welfare of ex-servicemen and their dependents, will undertake the administration of the programme. This body will be responsible for the allocation of funds, identification of the recipients and overall functioning of the programme.


This initiative is a testimony of ICICI Bank’s commitment towards nation building through various measures that promote inclusive and sustainable growth. Education makes a nation and it is important that citizens, especially women are empowered in this regard.  The Logical Indian community thanks and appreciates ICICI Bank for its decision to allocate funds for the families of the ex-servicemen.

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