SBICAPS Inaugurates Project Samriddhi to Promote Environmental Sustainability and Women Empowerment

SBI Capital Markets Ltd. (SBICAPS), in partnership with BharatCares, inaugurated the Project Samriddhi at Kanetkar Garden, Nashik. The project is aimed at harnessing the power of bio-composting to promote environmental sustainability while economically empowering local women through Self-Help Groups (SHGs).

The inauguration ceremony was graced by esteemed guests, Mr. Roshan Negi, Head of Corporate Communications and CSR, SBICAPS; Mr. Amit Shah, Company Secretary, SBICAPS; Ms. Nidhi Salian, Associate, Corporate Communications and CSR, SBICAPS; Mr. Vivek Bhandane, Dy. Commissioner of Nashik Municipal Corporation; Mr. Pradip Pardeshi, Manager, BharatCares; and Ms. Dipika Mishra, Subject Matter Expert, BharatCares, among others.

The ceremony began with a traditional lamp lighting and ribbon-cutting, followed by opening remarks from Ms. Ranjana Shinde, Mission Manager, NULM; along with Ms. Dipali Gurav and Ms. Rajshri Kadam, Presidents of the local SHGs, highlighting the empowerment of women through this initiative, providing them with both economic opportunities and a role in environmental preservation.

Keynote speech was delivered by Mr. Vivek Bhadane, who emphasised the importance of the project Samriddhi for promoting environmental sustainability and economic upliftment in the local community.

The event concluded with closing remarks from the BharatCares team, followed by a visit to the Shalimar and Pelican Park. This marked the beginning of the Project Samriddhi’s journey towards environmental stewardship, soil rejuvenation, and women's empowerment.

The Project Samriddhi establishes bio-composting units strategically located near vegetable and fruit markets, as well as public gardens, where organic waste is abundant. These units are operated by local SHG women, symbolising both efficient waste management and economic empowerment. This initiative not only addresses environmental challenges but also uplifts communities by providing economic opportunities to women in the region.

About SBI Capital Markets Ltd. (SBICAPS):
SBI Capital Markets Ltd. is one of India’s premier investment banking firms, offering a wide array of financial advisory services, including project advisory, capital markets, mergers & acquisitions, and ESG advisory. As a wholly owned subsidiary of the State Bank of India, SBICAPS is headquartered in Mumbai and operates seven regional offices across India and two wholly owned subsidiaries, SBI Securities Limited and SBI Trustee Company Limited. For more information, please visit www.sbicaps.com.

About BharatCares:
BharatCares is a non-profit organisation committed to empowering communities through sustainable development initiatives in areas such as health, education, and livelihoods. BharatCares works closely with local communities to implement impactful projects aimed at driving long-term social and environmental change.