Corporate Social Responsibility (CSR) Programme

Brief outline of the company’s CSR Policy including overview of CSR projects undertaken.

Brief about CCI

The Cotton Corporation of India Limited (CCI) is a Public Sector Undertaking under the administrative control of Ministry of Textiles, Govt. of India.It is a Nodal Agency of Govt. of India to undertake Minimum Support Price (MSP) operations of cotton when the prices of Fair Average Quality (FAQ) grade seed cotton fall below the MSP level announced by Govt. of India.

Concept of CSR:

  • The Department of Public Enterprises (DPE), vide their letter F.No.15(3)/2007-DPE(GM) dated 9thApril 2010 has introduced Corporate Social Responsibility for Central Public Sector Enterprises. The CSR was included in MOU from the year 2010-11 onwards. As envisaged in the guidelines of CSR, the corporate performance needs to be matched in terms of economic impact, social impact and environmental impact; commonly called the “Triple Bottom Line”.
  • To be involved in CSR activities as long term sustainable socio-economic development and expenditure limit of 2% of the average net profits of the company made during the three immediately preceding financial years.
  • Ensure benefits to the smallest unit i.e. village, panchayat, block or district depending upon operations and resource capability of the Corporation.
  • To closely linked with the practice of sustainable development and extends beyond philanthropic activities and reaches out to the integration of socio-economic and business goals to secure sustainable competitive advantage.
  • Commitment to operate in an economically, socially and environmentally sustainable manner, while recognising the interests of its stakeholders.
  • To serve the interests of society by taking responsibility for the impact of Corporation’s activities on shareholders and environment in all aspects of its operations.
CSR Mission
  • To serve the interests of society by taking responsibility for the impact of Corporation’s activities on shareholders and environment in all aspects of its operations.
  • Commitment to operate in an economically, socially and environmentally sustainable manner, while recognising the interests of its stakeholders.
  • To closely linked with the practice of sustainable development and extends beyond philanthropic activities and reaches out to the integration of socio-economic and business goals to secure sustainable competitive advantage.
  • Ensure benefits to the smallest unit i.e. village, panchayat, block or district depending upon operations and resource capability of the Corporation.
  • To be involved in CSR activities as long term sustainable socio-economic development and expenditure limit of 2% of the average net profits of the company made during the three immediately preceding financial years.

Composition of the CSR Committee:

Name Designation Category
Shri Pradeep Kumar Agarwal Chairman-cum-Managing Director Chairperson
Shri L.K. Gupta Director (Finance) Member

Shri Tilak Raj Taneja, CGM (Fin.)/Nodal Officer will facilitate the CSR and sustainability initiatives of the Corporation and report the progress before Board Level Committee.

The terms of reference of the Committee is given below:

  • Formulate and recommend CSR policy to the Board for approval.
  • Recommend the amount of expenditure to be incurred on the CSR activities in a financial year along with CSR projects to be undertaken earmarking funds for area-wise projects.
  • Monitor from time to time the implementation of the CSR projects undertaken by the Company.

CSR Expenditure Details

F.Y. 2018-19

  1. Average net profit of the company for last three F.Y. i.e. from 2015-16 to 2017-18 :  Rs. 1888.11 lakhs
  2. Prescribed CSR expenditure (two percent of the amount as in item (1) above): As per the Companies (Corporate Social Responsibility Policy) Rules, 2014 atleast 2% of the average net profits of the company made during the three immediately preceding financial years should be allocated to CSR. In view of these guidelines, Rs.37.76 lakhs is budgeted for undertaking CSR activities for 2018-19.
  3. Details of CSR spent during the financial year:
  • Total amount to be spent for the financial year: 2% of the average net profits made during the three immediately preceding financial years i.e. Rs.37.76 lakhs.
  • CSR Activities for 2018-19: Details of amount spent on CSR activities during the financial year 2018-19 are given below:-
    Sector Details of CSR activities undertaken/Location Name of Implementing Agency Expenditure(Rs. in Lakhs)
          Budget Actual
    Promoting sanitation & preventive health care under Swachh Bharat Mission: Item No. (i) of Schedule-VII of Companies Act, 2013 Construction of Girls Toilets with running water facility in Zilla Parishad Girls High School, Mulugu, in Asifabad aspirational district, Telangana Samagra Shiksha Engineers (SSA Civil Wing), Education Department,  Office of District Education Officer, Asifabad 3.00 3.00
      Construction of Girls Toilets with running water facility in Zilla Parishad Girls High School, Mulugu, Bhooplapali aspirational district, Telangana NGO M/S. Surya Kiran Welfare Society 3.00 3.00
      Construction of Girls Toilets with running water facility in Govt. Girls High School,  Devdurga, Raichur aspirational district, Karnataka NGO Janaseva Prathisthana 3.00 3.00
      Construction of Girls Toilets with running water facility in Govt. High School, Yadgir aspirational district, Karnataka NGO Kalikae Samruddhi Upakram under Tata Trusts 3.00 3.00
      Contribution to Swachh Bharat Kosh Directly by CCI 1.00 1.00
    Promoting health care including preventive health care: Item No. (i) of Schedule-VII of Companies Act, 2013 Distributed 212 nos of hand-held kapas plucker machine to cotton farmers in the aspirational districts Raichur &   Yadgir in the state of Karnataka (56 nos), Asifabad & Bhooplapali in the state of Telangana (56 no.) and Raygada, Kalahandi & Balangir in the state of Odisha (100 nos.) Directly by CCI with the help of State Government / APMC 15.37 15.37
      Organising kisan melas Directly by CCI with the help of State Govt./ APMC 1.14 1.14
    Joy of Giving: Promoting education: Item No.(ii) of Schedule-VII of Companies Act, 2013 To provide desktop computer along with UPS and printer to four Govt Schools in the four aspirational districts viz Raichur &   Yadgir in the state of Karnataka, Asifabad & Bhooplapali in the state of Telangana Directly by CCI with the help of State Government / APMC 4.00 4.03
    Promoting Preventive health care and environmental sustainability Contribution to Clean ganga Funds Directly by CCI 2.25 2.25
      Tree plantation in the Anna University, Coimbatore campus. NGO, Siruthuli, Noyyal Life Centre, Coimbatore 1.00 1.00
    Benefit to armed forces veterans, war widows and their dependents (Item No. (vi) of Schedule-VII) Contribution in Armed Forces Flag Day Fund for the benefit of armed forces veteran, war widows and the dependents Directly by CCI 1.00 1.00
    Total 37.76 37.79

    F.Y. 2019-20

    1. Average net profit of the company for last three financial year i.e. from 2016-17 to 2018-19 :Rs.3273.47 Lakhs.
    2. Prescribed CSR expenditure (of the amount as per serial no. 1 above)As per the Companies (Corporate Social Responsibility Policy) Rules, 2014 atleast 2% of the average net profits of the company made during the three immediately preceding financial years should be allocated to CSR. In view of these guidelines, Rs.65.47 lakhs is budgeted for undertaking CSR activities for 2019-20
    3. Detail of CSR spent during the financial year 2019-20:
    4. Total amount to be spent for the financial year: 2% of the average net profit made during immediate three preceding financial years i.e. Rs.65.47 lakhs.
    5. CSR Activities for 2019-20:Details of amount spent on CSR activities during the financial year 2019-20 is detailed below:
    SECTOR Details of CSR activities undertaken/Location Name of Implementing Agency Expenditure (Rs. in Lakhs)
          Budget Prov.
    Promoting sanitation & preventive health care under Swachh Bharat Mission: Item No. (i) of Schedule-VII  of the Companies Act, 2013 Construction of Girls Toilets with running water facility in Government schools in close vicinity of cotton market yards each one in the following Aspirational districts : 1.Narmada (Gujarat) 2.Nandurabar (Maharashtra) 3.Kalahandi (Odisha) Through State Govt./NGOs 9.00 8.84
      Plastic Waste Free Campaign Swachhta Hi Seva 2019 from 11thSept to 27 Oct.2019 for procuring and distribution of low cost jute bags. Directly by CCI 2.00 2.00
    Promoting health care including preventive health care: Item No. (i) of Schedule-VII of the Companies Act, 2013 Empowering the cotton farmers with appropriate technology & tools of preventive health measures by distributing 656 nos. hand-held kapas plucker machines in the below districts:
    District Kapas Plucker Machine (Nos.)
    Virudhunagar (Tamil Nadu) 263
    Ramanathapuram (Tamil Nadu) 263
    Ratlam (Madhya Pradesh) 40
    Ajmer (Rajasthan) 21
    Aurangabad (Maharashtra) 19
    Yadadri Bhuvanagiri (Telangana) 25
    Mahbubnagar (Telangana) 25
    Total: 656
    Directly by CCI 45.47 45.69
      Organize Health Camps in Aspirational districts in close vicinity of cotton market yards in Virudhnagar, Ramnathpuram (Coimbatore), Narmda (Ahmedabad)  and Nandurbar (Aurangabad) Directly by CCI 4.00 4.08
     Item No.(ii) of Schedule-VII of the Companies Act, 2013) Providing digital classrooms to Government schools under joy of giving in aspirational districts of Kalahandi (Rayagada)  and Yadgir (Hubli) Directly by CCI 5.00 4.89
    Total: 65.47 65.50

    Responsibility statement of the CSR Committee:

    The implementation and monitoring of CCI’s CSR Policy is in compliance with CSR objectives and Policy of the Company.

 

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