CSR

Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable — to itself, its stakeholders, and the public.

Under the Companies Act, 2013, it is mandatory provision for the Company Board of Directors to ensure that in each financial year the Company spends at least 2% of the average Net Profit made during the three immediate preceding financial years.

CSR shall be applicable are contained in Sub Section 1 of Section 135 of the Companies Act, 2013. As per the said section, the companies having Net worth of INR 500 crore or more; or Turnover of INR 1000 crore or more; or Net Profit of INR 5 crore or more during any financial year shall be required to constitute a Corporate Social Responsibility Committee of the Board "hereinafter CSR Committee" with effect from 1st April, 2014.

Why CSR is IMPORTANT?

  • Improves Public Image
  • Creates number of opportunities for Media Coverage. CSR events and initiatives are a great way to develop and enhance existing and new relationships with customers, suppliers, and other networks.
  • Attract, retain, and sustain employee satisfaction.
  • Enter new markets and increase customer retention.
  • CSR strategy provides businesses with the opportunity to show their human face.
  • More robust “social licence” to operate in the community.
  • Improved relations with Gov regulators.
  • Mandatory Provisions of CSR under Section 135 of Companies Act 2013
  • Penalties are applicable

CSR SCOPE

Eradication of Un-employment by Empowering youth through professional education (Job Skills).

  • Technical /Vocational trainings for youths self -development.
  • Academic education by way of financial assistance to Primary, Middle and Higher Secondary Schools.
  • Adult literacy amongst those belonging to BPL.
  • Awareness Programmes on girl education.
  • Counselling of parents.
  • Special attention on education, training and rehabilitation of mentally & physically challenged children/persons.
  • Spreading legal awareness amongst people and disadvantageous sections of the society about their rights & remedies available.
  • Promotion of Professional Education by offering courses in Engineering, Nursing, Management, Medicine and in Technical subjects etc.
  • Provide fees for a period of one year or more to the poor and meritorious, preferably girl students of the school in the operational area of the Company to enable them to get uninterrupted education.

csr activities
no poverty
quality education
good jobs