Tata Steel Ltd spent Rs. 170.76 crore towards corporate social responsibility (CSR) during financial year 2012-13 which is 3.37% of company’s Profit After Tax (PAT) excluding spend on Environment Sustainability which is about Rs. 300 crore. The Tata Steel CSR initiatives touched nearly 2 million lives last years. The amount was spent under the broad categories such as infrastructure development to improvement to quality of the life of community, community development, health & medical support and support to charities and NGOs & Government for social cause.
The operational area of the Company is the state of Jharkhand and Odisha are plagued by poor social infrastructure for health services, education, road, electricity and other basic amenities. The range of interventions encompassed infrastructure support to rural and urban schools through scholarships and coaching classes as well as incentives like free mid-day meals to encourage attendance form part of its key thrust area for improving the quality of life.
3.2.3 ICICI Bank
In June 2013, ICICI Bank Limited organized ‘Kisan Sampark Programme’ in parts of Punjab and Haryana, as part of its financial inclusion plan that aims at providing banking services in unbanked villages. The Bank showcased a list of tailor-made products and services including jewel loans, tractor loans, farmer finance, Rural Business Credit and Kisan Kalpviraksh, among other basic banking facilities such as the savings account.
ICICI Bank have always recognized the potential of rural India and the importance of inclusive growth especially for the farming community. Through the mela, ICICI Bank took a step forward to make a difference to the lives of farmers and agri-communities residing in unbanked/ under-banked rural areas by reaching out to them and offering them the benefits of safe and secure banking.
ICICI Bank has 807 ATMs and 238 branches in the states of Punjab, Haryana and Chandigarh. These include various Gramin branches at small villages, which were devoid of any banking facility before ICICI Bank stepped in. The Bank also utilizes Direct Benefit Transfer scheme to transfer scholarship money to SC students at ITI Gohana, Sonepat, based on their results of matriculation examination.