FROM CORPORATE SOCIAL RESPONSIBILITY
Committee Chairperson’s Desk
Corporate Social Responsibility – A way forward for wellbeing of deserving seniors
Inspired by the encouragements showered by Shri V.K. Bhadane, President AISCCON and Shri R.N. Mital Chairman AOSC-H Trust here are my inputs for those who wish to reorient their mindset from charity & welfare to wellbeing of deserving seniors through the funding avenues of Corporate Social Responsibility. In addition to the budget for welfare measures from the Government of India’s exchequer, since April 01, 2014, it is compulsory for companies to spend 2% of their average profit of the last three years on social welfare. This is called Corporate Social Responsibility. This is applicable to companies having Rs.1000 crores revenue or net worth Rs.500 crores or a profit of more than Rs.5 crores per annum. Vide notification dated 27.2.2014 the Ministry of Corporate Affairs included the welfare of senior citizens activities in Schedule VII of the Indian Companies Act 2013 on all India basis.
In concluding of our workshop we observed that a large of number of AISCCON affiliates are already doing a good number of welfare activities by seeking charity funds and donations. An expertise to implement the projects / programs in the health care domain, education, digital literacy, mitigation of environmental issues, nutrition, safe drinking water, sanitation, geriatric care and more exists. The missing link is to consolidate these experiences, develop a well structured projects / programs in synergy with the provisions of CSR regulations to avail the funding that in any case Corporate Houses are obliged to spend as per the Companies Act. Therefore it is not a process of seeking charity or grant or donation but taking share of our cake that we deserve as our social right by giving praiseworthy proposals. This surely calls for harnessing our collective intelligence and team spirit, I believe. I wish that the participants of the 21st Annual Conference will rejuvenate their mind set and ensure redirecting their efforts from charity & welfare to wellbeing through CSR avenues. Wish you all good luck in your endeavour to improve the lives of deserving senior citizens. Comments / Inputs from mentors shall be sportingly received. Embosom nice thoughts. Best wishes…