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    Punjab and Sind Bank: Corporate Social Responsibility Policy

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    Renuka Batra
    The document outlines Punjab and Sind Bank's corporate social responsibility policy. The policy aims to undertake voluntary measures to address economic, social, and environmental concerns and to act as a good corporate citizen. The scope of the policy covers socio-economic, environmental, and cultural upliftment activities in areas near the bank's operations, with a focus on community development. Key areas of focus for CSR initiatives include promoting literacy, primary healthcare, community activities during national calamities, afforestation, and supplementing government development programs. The bank will implement CSR activities either independently or in partnership with NGOs and government agencies, prioritizing adoption of nearby villages and provision of infrastructure like roads, wells, and community centers.

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    Punjab and Sind Bank: Corporate Social Responsibility Policy

    Uploaded by

    Renuka Batra
    75 views4 pages
    The document outlines Punjab and Sind Bank's corporate social responsibility policy. The policy aims to undertake voluntary measures to address economic, social, and environmental concerns and to act as a good corporate citizen. The scope of the policy covers socio-economic, environmental, and cultural upliftment activities in areas near the bank's operations, with a focus on community development. Key areas of focus for CSR initiatives include promoting literacy, primary healthcare, community activities during national calamities, afforestation, and supplementing government development programs. The bank will implement CSR activities either independently or in partnership with NGOs and government agencies, prioritizing adoption of nearby villages and provision of infrastructure like roads, wells, and community centers.

    Original Description:

    csr policy guidelines

    Original Title

    Csr Policy

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    The document outlines Punjab and Sind Bank's corporate social responsibility policy. The policy aims to undertake voluntary measures to address economic, social, and environmental concerns and to act as a good corporate citizen. The scope of the policy covers socio-economic, environmental, and cultural upliftment activities in areas near the bank's operations, with a focus on community development. Key areas of focus for CSR initiatives include promoting literacy, primary healthcare, community activities during national calamities, afforestation, and supplementing government development programs. The bank will implement CSR activities either independently or in partnership with NGOs and government agencies, prioritizing adoption of nearby villages and provision of infrastructure like roads, wells, and community centers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    75 views4 pages

    Punjab and Sind Bank: Corporate Social Responsibility Policy

    Uploaded by

    Renuka Batra
    The document outlines Punjab and Sind Bank's corporate social responsibility policy. The policy aims to undertake voluntary measures to address economic, social, and environmental concerns and to act as a good corporate citizen. The scope of the policy covers socio-economic, environmental, and cultural upliftment activities in areas near the bank's operations, with a focus on community development. Key areas of focus for CSR initiatives include promoting literacy, primary healthcare, community activities during national calamities, afforestation, and supplementing government development programs. The bank will implement CSR activities either independently or in partnership with NGOs and government agencies, prioritizing adoption of nearby villages and provision of infrastructure like roads, wells, and community centers.

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    © All Rights Reserved
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    Punjab and Sind Bank

    CORPORATE SOCIAL
    RESPONSIBILITY POLICY

    PSB - Corporate Social Responsibility (CSR) Policy


    1.0

    Objectives
    (i)
    (ii)

    2.0

    To initiate voluntary measures to address economic, social and


    environmental concerns;
    To be a good Corporate Citizen.

    Scope
    The scope of the policy will include socio-economic, environmental and
    cultural upliftment activities other than those statutory in nature and also
    welfare activities in the areas nearby PSB operations especially backward
    areas. The focus will be on Community. The broad areas are as under:(i)
    (ii)
    (iii)
    (iv)
    (v)

    3.0

    Promotion of literacy
    Primary health care
    Community activities Relief and restoration in times of national
    calamities.
    Promote afforestation...
    Supplementing development programmes of Government

    Initiatives

    The activities under the scheme can be undertaken by the Bank on its own or in
    partnership with Voluntary Bodies, NGOs, Autonomous Bodies, Statutory
    Agencies, State and Central Government Agencies;
    4.0

    Areas of Focus

    Broadly the CSR activities would include


    i.
    ii.

    iii.
    iv.
    v.

    Adoption of villages surrounding PSB operations


    Provision of infrastructural facilities like laying of roads, drainage
    system, digging of bore wells and tube wells, construction of
    community welfare centres, vocational training centre, building for
    Primary Health Centres, etc.
    Adoption/ Construction of Hostels (especially those for SC/ST and
    girls.
    Drinking Water Facility
    Construction of Community Centres/ Night Shelters/ Old Age Homes
    2

    vi.
    vii.

    viii.

    ix.
    x.
    xi.
    xii.
    5.0

    Supplementing Development programme of Government Promotion


    of literacy and higher education
    Constructing educational facilities viz: school buildings, additional
    classrooms, repair, maintenance of schools and opening of adult
    education centers.
    Grant of scholarship & assistance to deserving young students of
    weaker sections of society belonging to SC, ST, OBC categories
    including students with physical disabilities.
    Construction of washrooms and other facilities for girls in schools.
    Technical Development.
    Technical Training components of building youth.
    Promotion of renewable energy.

    Implementation

    i.

    Medical camps.

    ii.

    Mobile dispensaries.

    iii.

    Supplementing the efforts of already existing health centers in the rural areas

    iv.

    Health care for women, children and disabled.

    v.

    Actively participate in the National Pulse Polio programme.

    vi.

    Promotion of Sports & Games

    vii.

    Promotion of Art & Culture

    viii.

    Drinking Water Facility

    ix.

    Sanitation and public Health

    6.0 While giving assistance/donation under the scheme discretion is to be


    exercised judiciously to ensure that assistance/donation is extended for worthy
    causes to establish institutions/NGOs with proven track record (preferably non
    profit making organizations) for socially oriented projects meant to pass on
    benefits to a section of society rather than to an individual. It should also be
    ensured that the donations are invariably made directly to institutions/NGOs
    without any involvement of agents/middle men/consultants and to ensure that the
    money is utilized for the purpose it is given.

    7.0

    Discretionary Powers

    Sanctioning Authority
    General Manager (HR)

    Discretionary powers
    Up
    to
    Rs.500000/reference

    Executive Director

    Above Rs.500000/- and up to


    Rs.10,00,000/- per reference

    Board of Directors

    Above Rs.10,00,000/reference

    per

    per

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