Page 165 - Demo

STATUTORY REPORTS
c) Manner in which the amount was spent during the financial year is detailed below.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Sr. no.
CSR project or activity identified
Sector in which the project is covered
Projects or programs
a. local area or
other
b. Specify the
state and district where projects or programs was undertaken
Amount outlay (Budget) project or programs wise(Amt in INR)
Amount spent on the projects or programs Sub-Heads:
(a) Direct Expenditure on projects or programs
(b) Overheads (Amt in INR)
Cumulative expenditure upto the reporting period
(Amt in INR)
Amount Spent: Direct or through implementing agency
1 “Project Swachh Neighbourhood”- Cleanliness Drive
2 Flood Relief Activities
3 Community Development
Programs
4 COVID-19 Relief
5 Miscellaneous
total
Healthcare, sanitisation and Swachh Bharat
Disaster Management
Promoting Education, preventive health care, sanitisation, making available safe drinking water
Disaster Management
Environment Sustainability & others
Pan-India
Karnataka, Tamil Nadu, Maharashtra, Gujarat, Assam Bihar
Pan-India
3,000,000
4,714,411
8,000,000
a) 1,795,034 b) Nil
a) 4,671,787 b) Nil
a) 5,000,000 b) Nil
1,795,034
4,671,787
5,000,000
Direct: through Bank’s branch Network
Direct: through Bank’s Branch Network
Amount spent through Parinaam Foundation, our long-term strategic partner, a not-for-profit Company registered under Section
8 of the Companies Act, 2013
Amount spent through Indian Association for Blind, Madurai
-
Madurai, Tamil Nadu
-
-
2,829,650
18,544,061
a) 1,000,000 b) Nil
-
12,466,821
1,000,000
-
12,466,821
6. in caSe the cOmPany haS faileD tO SPenD the twO Per cent Of the average net PrOfit Of the laSt three financial yearS Or any Part thereOf, the cOmPany Shall PrOviDe the reaSOnS fOr nOt SPenDing the amOunt:
The total amount spent under CSR programs during financial year 2019-20 was `124.67 lakhs, which was 1.34% of the average net profits of the preceding 3 financial years. the Bank has undertaken its CSR activities both directly and through external implementing agencies. Few proposals received from external nGos were not considered by the Bank due to lack of quality and non-alignment with the Bank’s CSR strategy. the CSR projects related to community development and environment sustainability were planned towards the end of
financial year and to be completed during financial year 2020-21; hence we have carry forwarded unspent amount of `60.77 lakhs. the Bank hereby has its commitment in place and all efforts will be made to cover the shortfall in the CSR spends in the coming year. We have undertaken a series of disaster relief initiatives to support the households affected by CoVID-19 pandemic, an amount of `45 Lakhs has already been spent for this purpose in April 2020 from the carry forwarded amount of `60.77 lakhs.
Brief notes on the CSR activities being undertaken by the Bank directly and through implementing agencies are as under:
A. Project Swachh Neighbourhood
The Bank has undertaken cleanliness drive through its Swachh neighbourhood project as a key initiative to support Swachh Bharat initiative. The Project
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