CORPORATE SOCIAL RESPONSIBILITY
Social Justice and Equality is the core responsibility of the Public agencies. Still, corporate houses need to support them in addressing these issues to speed up achieving this goal.
Consequently, Corporate Social Responsibility (CSR) is the concept of "Giving-Back" to society. Operating in the community and taking resources from it makes companies accountable to society.
Following the same principle, Section 135 of the Companies Act, 2013 was made applicable to companies with an annual turnover of Rs. 1,000 crore or more or a net worth of Rs. 500 crore or more or a net profit of Rs. 5 crores or more during the immediately preceding financial year.
The companies falling under the prescribed criteria must spend a minimum of 2% of their average net profit for its preceding three financial years towards CSR activities.
The provisions apply to the Company, and as required under the Companies Act, 2013, UHBVN has formulated its CSR policy and performs CSR activities accordingly
Our Corporate Social Responsibility (CSR) initiatives For FY 2019-20
An amount of Rs. 87.84 lacs was approved by the Board of Directors of UHBVN for CSR activities for FY 2019-20. UHBVN spent the amount on the following activities-
- Contribution to PM CARES fund set up by the Central Government as part of preventive initiatives against COVID-19 Pandemic.
- Providing Mispa-13 Protein Analyser (Medical Equipment) to Bharat Vikas Parishad, a Non-Government Organisation in Ambala.
- Setting up of Public Library in Kachwa Village, Dist. Karnal.
Public library in Kachwa Village was inaugurated on 22.10.2020 by Sh. Shatrujeet Kapur, IPS, the then Chairman-cum-Managing Director, UHBVN.
|The count of visitors who visited the Kachwa library is as below:|
|Sr. No.||Visitors Category||Total Visitors||Average Visitors per Day||Month wise Break up of Visitors' visits to the Library|
|Oct. 2020||Nov. 2020||Dec. 2020||Jan. 2021||Feb. 2021||Mar. 2021|
For FY 2020-21
An amount of Rs. 408.28 lacs has been approved by the Board of Directors of UHBVN for CSR activities for FY 2020-21. The amount is decided to be spent on setting up 21 public libraries in rural areas covered under UHBVN operational areas for inclusive social development and education. The projects are declared to be ongoing projects by the Board of Directors. In compliance with the new provisions, the unspent amount related to ongoing projects has been transferred to a separate bank account named "Unspent Corporate Social Responsibility Account."
For FY 2021-22
An amount of Rs. 466.88 lacs has been approved by the Board of Directors of UHBVN for CSR activities for FY 2021-22. Activities to be undertaken under CSR are under process.
"Sardar Patel Pustakalya in Kachhwa Village, Karnal District, Haryana. "