Corporate Social Responsibility (CSR) Programme

Brief outline of the company’s CSR Policy 2018-19 including overview of projects or programme proposed to be undertaken and reference in web link to the CSR policy and projects or programme.

  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 9th April 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”..
  • The Ministry of Corporate Affairs (“MCA”) vide its notification dated February 27, 2014 has notified section 135 and Schedule VII of Companies Act, 2013 and Companies (Corporate Social Responsibility Policy) Rules, 2014. Pursuant to which Companies are required to make expenditure on “CORPORATE SOCIAL RESPONSIBILITY (CSR)” activities which we have already undertaken which is with the compliances of DPE Guidelines. The Companies (Corporate Social Responsibility Policy) Rules, 2014 have come into force from 1st April 2014.
  • Taking into consideration of aforesaid CSR guidelines, CCI has been involved in various CSR activities to generate community goodwill, create social impact and visibility. The outline of CCI’s CSR policy is as under:
    1. CSR Vision Statement:
      • The Corporate Social Responsibility (CSR) is a planned set of activities for CCI which is targeted to have a significant positive impact in the long term taking into consideration the Corporation's capabilities, expectations of the communities living in and around the areas of its operation as well as where it has its presence.
      • The aim is to play a catalytic role in the sustainable socio-economic development in the regions where it is located or where its interests lie, attempting to create an enabling working environment for CCI as well as sustained regional development.
    2. 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.
    3. Web link to CSR Policy:
      • Annual Report on CSR activities is also available at the website of the Corporation at www.cotcorp.org.in

ShriL.K.Gupta, CGM (Comm/Fin.)/CS/Nodal Officer will facilitate the CSR and sustainability initiatives of the Corporation and report the progress before Board Level Committee.

  • Composition of the CSR Committee:

    Name

    Designation

    Category

    Dr. P. Alli Rani

    Chairman-cum-Managing Director

    Chairperson

    ShriPradeep Kr. Agarwal

    Director (Finance)

    Member

    Ms. Grace Pinto

    Independent Director

    Member

    Ms.Rajika T. Kacheria

    Independent Director

    Member

 

 

 

 

 

 

 

ShriL.K.Gupta, CGM (Comm/Fin.)/CS/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.
  • Average net profit of the company for last three financial year i.e. from 2015-16 to 2017-18: Rs. 1888.11 lakhs
  • Prescribed CSR expenditure (two percent of the amount as in item 3 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.
  • 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.
    • b) CSR Activities for 2018-19:Manner in which the amount spent during the financial year 2018-19 is detailed 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 ZillaParishad Girls High School, Mulugu, in Asifabad aspirational district, Telangana

SamagraShiksha 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 ZillaParishad 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, Raichuraspirational district, Karnataka

NGO JanasevaPrathisthana

 

3.00

3.00

Construction of Girls Toilets with running water facility in Govt. High School, Yadgir aspirational district, Karnataka

NGO KalikaeSamruddhiUpakram 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 kapasplucker 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 kisanmelas

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 vizRaichur&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

  • 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.

Toll-free hotline number to receive complaints against corruption : 1800-22-4647