Equitas Development Initiatives Trust (EDIT) is a public Charitable Trust formed for the purpose of promoting education amongst poor children and also seek to play a positive role in the lives of ultra poor such as pavement dwellers and beggars.
Equitas Group is committed to contribute 5% of its annual profits to this Trust. The Trust was launched on 25th February 2008 in Raj Bhavan, Chennai in the august presence of His Excellency, the Governor of Tamilnadu, Shri Surjeet Singh Barnala. . The Trust has two main focus areas: Education for the poor children and Community Development comprising development in literacy levels, economic levels and health care. .
This multi-pronged approach from Equitas is expected to lead to a wholesome impact on our members’ lives.For the target group members, the most obvious benefit is that micro-finance programmes would actually succeed in enabling them to increase their income levels. Furthermore, the poor are able to access financial services which previously were exclusively available to the upper and middle income population. Finally, the access to credit and the opportunity to begin or to expand a micro-enterprise may be empowering to the poor, especially in comparison to other development initiatives which often treat these specific target group members as recipients