Corporate Social Responsibility Policy
In accordance with the requirements spelt out in Section 135 of the Companies Act, 2013 (the Act) and the Companies (Corporate Social Responsibility Policy) Rules, 2014 (“CSR Rules”) by the Ministry of Corporate Affairs, the Company’s Corporate Social Responsibility (CSR) Policy is enunciated.
Our CSR Policy:
For our Company, reaching out to underserved communities is part of our DNA. Our policy will be to focus on Livelihood, Health care, Education and Infrastructure so as to bring measurable improvement in quality of life of unprivileged community.
Our vision is - “to enable sustainable and inclusive development of the community. In doing so, build a better, sustainable way of life for the weaker section of society and raise the country’s Human Development Index.
Implementation process: Identification of projects:
All projects are identified in a participatory manner, in consultation with the community, literally programmes sitting with them and gauging their basic needs. We recourse to the participatory rural appraisal mapping process. Subsequently, based on a consensus and in discussion with the village panchayats, and other influential, projects are prioritized.
Arising from this, the focus areas that have emerged are Education, Health care, Sustainable livelihood, Infrastructure development, espousing social causes including the activities specified in the Schedule VII of the Act, from time to time. All of our community projects / programmes are carried out under the aegis of Sakthi Murugan Agro Foods Private Limited.
In Education, our endeavour is to spark the desire for learning and knowledge at every stage through • Formal schools • Balwadis for elementary education • Quality primary education • Public School • Girl child education • Adult education programmes. Teacher’s Salary • Financial support to schools/college • Infrastructural development to education institute.
In Health care our goal is to render quality health care facilities to people living in the villages and elsewhere through our Hospitals. • Primary health care centers • Old Age Home projects • Health Help Desk for District Hospital • Support of medical equipment to hospitals • Immunization programmes with a thrust on polio and malaria eradication • Patient’s attended meal scheme • Preventive health through awareness programmes • Conducting Medical Camps.
In Sustainable Livelihood our programmes aim at providing livelihood in a locally appropriate and environmentally sustainable manner through • Security Academy • Formation of Self Help Groups for women empowerment • Creating Entrepreneurs • Vocational training • Partnership with Industrial Training Institutes • Agriculture development and better farmer focus and cultivation of Kitchen garden•
In Infrastructure Development we endeavour to set up essential services that form the foundation of sustainable development through • Basic infrastructure facilities • Housing facilities • Safe drinking water • Sanitation & hygiene • Renewable sources of energy
To bring about Social Change, we advocate and support • Dowry less marriage • Widow Remarriage • Awareness programmes on anti-social issues • De-addiction campaigns and programmes • Espousing basic moral values.
The Company would prioritize and undertake the activities as specified in Schedule VII of the Act, from time to time for long-term sustainable development of the society.
Activities, setting measurable targets with time-frames and performance management.
Prior to the commencement of projects, the Company carry out a baseline study of the villages. The study encompasses various parameters such as – health indicators, literacy levels, sustainable livelihood processes, and population data - below the poverty line and above the poverty line, state of infrastructure, among others. From the data generated, rolling plan is developed for the holistic and integrated development of the marginalized. All projects/ programmes are assessed under the agreed strategy, and are monitored either quarterly or half-yearly, measured against targets and budgets. Wherever necessary, midcourse corrections are effected. The surplus arising out of the projects/ programmes does not form part of the business profits of the Company.
Organizational mechanism responsibilities:
Sakthi Murugan Agro Foods Private Limited provides the vision under the leadership of its Directors. The CSR Committee of Directors at the Board level comprises of:
A robust implementation structure and a team of professionals is in place at the Company’s units.
Collaborative partnerships are formed with the Government, the District authorities, the village panchayats, NGOs and other like-minded stakeholders. This helps widen the Company’s CSR reach and leverage upon the collective expertise, wisdom and experience that these partnerships bring to the table.
The Company also engages with well-established and recognized programs and national platforms, given their commitment to inclusive growth.
A specific budget is allocated for CSR activities. This budget is project driven.
The Company’s engagement in this domain would be disseminated on its website, Annual Reports and in-house journals etc.
Our Board of Directors, our Management and all of our employees subscribe to the philosophy of compassionate care. We believe and act on an ethos of generosity and compassion, characterized by a willingness to build a society that works for everyone. This is the cornerstone of our CSR policy.
The above policy was approved by the Board of Directors of the Company.