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Corporate Social Responsibility Committee

In SBICAP Ventures, Corporate Social Responsibility (CSR) is a continuing commitment to contribute to economic development while improving the quality of life of the local community and society at large. Businesses derive their primary benefits from operating in society and no business can function without caring for societal and community development. SBICAP Ventures has been involved in initiatives, actively pursuing, and endorsing community improvement efforts in varying capacities, across India. We understand that as a Corporate Citizen with resources at our command, it is our duty to reach out and support the less fortunate and underprivileged sections of our society. The Company also encourages its staff members to actively follow, understand and contribute to social causes, to remove indisputable social and developmental lacunae and to promote self and community development. The Composition of CSR Committee is as follows:

Annual Action plan of CSR for financial year 2022-23

Sr No Proposed Project Focus Area
1 COVID 19 Relief measures like provision of meals/essential kits to the under-privileged and needy including healthcare workers and caregivers affected by the lockdown and second wave situation across the country. Covid relief & eradicating hunger, poverty, and malnutrition
Supporting immediate response to the healthcare crisis arising out of the second wave of COVID 19 pandemic and strengthening of overall healthcare infrastructure system to mitigate the same through exploring the following activities:
  1. Provision of requirements like oxygen set up variants from medical equipment to consumables.
  2. Funding for setting up oxygen generating plants.
  3. Setting up of temporary emergency facilities including makeshift hospitals and Covid care facilities.
  4. Strengthening of emergency response facilities like helplines, ambulances etc
  5. Community vaccination & testing efforts as per terms allowed by the Government under CSR.
3 Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently abled and livelihood enhancement projects. Education & Livelihoods
4 Budget for any other projects for specified in schedule VII of the Companies Act 2013. Activities specified under Schedule VII of the Companies Act, covering eligible CSR activities.

CSR project approved for financial year 2022-23

Sr No Project Sanctioned amount Location
1 Project “SBI Sanjeevani – Nirantar Seva” project, for providing emergency health care services to the victims of road accidents on Mumbai-Ahmedabad highway in the state of Maharashtra. 42,01,275.00 /- Mumbai- Ahmedabad Highway, stretched between Thane and Palghar in Maharashtra state.
2 Project “SBI Sanjeevani – Clinic on Wheels project” for providing primary health care services to approx. 12,000 inhabitants of 20 remote villages in Jogulamba Gadwal District of Telangana State. 19,00,225/- Jogulamba Gadwal District, of Telangana.

CSR project completed for financial year 2022-23

SBICAP Ventures Limited in partnership with SBI Foundation and Yashlok Welfare Foundation, is pleased to contribute towards Project Nirantar Seva.
At an event held in Yashwantrao Chavan Centre in Mumbai, One ambulance was flagged off to provide free-of-cost emergency and trauma care services for victims of road accidents on the Mumbai – Ahmedabad Highway.

Dr. Ravinder Singal, IPS, Additional Director General of Maharashtra Highway Traffic Police, spoke about how road safety is a collective effort.

Mr. Sanjay Prakash, Managing Director of SBI Foundation, said, “SBIF Sanjeevani Nirantar Seva is a unique initiative where the Highway Traffic Police, Yashlok Welfare Foundation, and the local hospitals will work in unison to provide timely emergency and trauma care in the golden hour after an accident, on the Mumbai-Ahmedabad Highway.”

Mr. Suresh Kozhikote, Managing Director, SBICAP Ventures, shared, “SBICAP Ventures is proud to support Project Nirantar Seva in partnership with SBI Foundation and Yashlok Welfare Foundation. This transformative CSR initiative aims to provide immediate medical assistance to the victims of road accidents, which is critical in saving precious lives. We are driven by our commitment to building a safer and healthier society and making a positive impact on several lives."