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    CSR Initiatives

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    Swati Chauhan
    Csr initiatives

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    CSR Initiatives

    Uploaded by

    Swati Chauhan
    2 views9 pages
    Csr initiatives

    Original Title

    CSR INITIATIVES

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    Csr initiatives

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    2 views9 pages

    CSR Initiatives

    Uploaded by

    Swati Chauhan
    Csr initiatives

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 9

    CSR INITIATIVES

    TAKEN BY HDFC BANK


    CONTEXT

    • INTRODUCTION
    • CSR POLICY
    • CSR PROJECTS
    MEANING

    • Corporate social Responsibility is a strategy undertaken by companies


    to not just grow profits, but also to take an active and positive social
    role in the world around them.
    • INTRODUCTION:
    The Bank's CSR mission is to contribute to the social and economic
    development of the community. Through a series of interventions, the
    bank seeks to mainstream economically, physically and socially
    challenged groups and to draw them into the cycle of growth,
    development and empowerment.
    CSR POLICY

    • The policy has been formulated and adopted in terms of Section


    135 of the Companies Act, 2013.
    • It aims in enhancing welfare measures of the society based on the
    immediate and long term social and environmental consequences
    of the Corporation’s activities in India.
    • As one of the largest CSR spenders in India, HDFC Bank continued
    to maintain its position in the 500 Crore CSR club by allocating Rs.
    736 Crores to CSR projects in the fiscal year 2021-22.
    CSR INITIATIVES

    • HDFC continued its association and involvement with the


    social sector through direct partnerships with non-
    government organizations (NGOs) as well as its partnership
    with the HT Parekh Foundation. HDFC's social initiatives cover
    areas such as child welfare, community development &
    livelihood program, support to the differently abled,
    education, healthcare & sanitation, vocational training and
    other such initiatives serving the betterment of society as
    a whole.
    One of their notable initiatives is the "HDFC Bank Parivartan"
    program, launched by Haryana Government.
    The Main areas that are covered under this Program are:
    • Rural Development
    • Skill Development
    • Healthcare& Hygiene
    • Financial Literacy
    • Education
    Budget:

    • Mumbai, July 22, 2022: HDFC Bank was among the top CSR
    spenders in the country for the financial year ended March 2022. As
    reported in its Integrated Annual Report 2021-22, the Bank spent Rs
    736 crore on CSR initiatives, a 15.92% increase over the previous
    year.
    • Amount required to be spent by the Bank during the year: The
    amount required to be spent by HDFC Bank on CSR activities has
    seen a growth of 12.18% from 2022 to 2023, increasing from Rs.
    733.86 crores to Rs. 823.30 crores.
    • HDFC Bank has announced the launch of its sixth annual
    grants program for social startups in partnership with the
    government of India’s flagship initiative ‘Startup India’.
    The grants has been offered under the name of Parivartan
    program, the umbrella name for the bank’s social initiatives.
    • So far, the bank has disbursed over Rs 30 crore to more than
    45 incubators which supported over 165 start-ups working in
    areas like environment, agri- business, ed-tech, waste
    management, healthcare, and skill development sectors. The
    bank has been enabling startups through its state-of-the-art
    StartUp program, which provides specialised banking and
    value-added services to entrepreneurs.
    THANKYOU

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