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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-

  1. Contribution of Rs. 69.69 Lacs to PM CARES fund set up by the Central Government as part of preventive initiatives against COVID-19 Pandemic.
  2. Providing Mispa-13 Protein Analyser (Medical Equipment) worth Rs. 2.07 Lacs to Bharat Vikas Parishad, a Non-Government Organisation in Ambala.
  3. Setting up of Public Library in Kachwa Village, Distt. Karnal for which Rs. 16.08 Lacs has been spent. The library was inaugurated by Sh. Shatrujeet Kapur, IPS, the then Chairman-cum-Managing Director, UHBVN on 22nd Oct, 2020.

"Sardar Patel Pustakalya in Kachhwa Village, Karnal District, Haryana. "

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."

Out of 21, 2 nos. of public libraries were inaugurated on 13th Nov, 2021 in Biana & Gonder villages under Karnal Circle, by Sh. P.K. DAS, IAS, ACS Power-cum-Chairman, HPUs. Each library has capacity to accommodate at least 50 members at any time who can avail the facility of around 5000 books & periodicals from various categories. The libraries are also equipped with E-Books can be used through Computer & Internet facilities. For the rest of the libraries, work is under process.