Oil India LTD
Oil India LTD
Oil India LTD
INTRODUCTION
Since its inception OIL has always given top priority towards the all-round
development of the people residing in and around the Company’s area of
operation. OIL management understands that there is a need to strike a
balance between the overall objectives of achieving corporate excellence
vis-à-vis the corporate responsibility towards the community.
VISION STATEMENT
RESOURCE ALLOCATION : Currently OIL India ltd spends 0.75% of its net profit on
CSR
VARIOUS CSR ACTIVITIES ARE
1. Social Welfare Scheme (SWS)
1) Year of Introduction: 1984
2) Objectives:
Environment Protection
Uplifment of Education
Health and Socio Economic
Development
Promotion of Sports
Primary Health Care
4) ) Education
Financial Assistance for construction of
school building, libraries, teachers
common room in over 350 institutions
in upper Assam.
Scholarship to merit holders of 10th and
12th Standard board exams.
7) Project Rupantar
Year of Introduction: 2003
Mou was signed with State Institute of Rural
Development (SIRD), Duliajan in Assam.
Promoting self employment and
Entrepreneurship among the unemployed youths
in Upper Assam where company undertakes its
operations.
For this agro based industries like horticulture,
fisheries, sericulture, handloom, organic farming,
duck rearing is promoted.
8) Oil India Rural Development Programme
1) Agriculture development programme
Year of Introduction : 1991
It adopts villages under Pathar Parichalona
Samiti (PPS) or the agricultural development
in those villages.
For this it provides technical assistance and
guidance to the farmers in modern methods
of farming, cultivation, farming equipment,
new variety of seeds, organic fertilizers etc.
Untill today it has adopted 31 villages for
development.
CONCLUSION: OIL India ltd has undertaken an all round Corporate Social
Activities.