THE MADHYA PRADESH STATE AGRO INDUSTRIES DEVELOPMENT CORPORATION LIMITED
“PANCHANAN” 3rd FLOOR, MALAVIYA NAGAR, BHOPAL
Phone (0755) – 2551652, 2551756, 2551807 Fax: 0755-2557305
1. Preambale
M P STATE AGRO INDUSTRIES Development Corp Ltd ,Bhopal stands committed to the social and economic development of the communities in which it operates.The company”s commitment towards this includes contributing to institutions which are engaged inA ctivities alingned to the activities forming part of the CSR policies.
2. Purpose
- This key purpose of this policy is to:
- Define what CSR means to us and the approach adopted to achieve our CSR goals.
- Define the kind of projects that will come under the ambit of CSR.
- Identify broad areas of intervention in which the company will undertake projects.
- Serve as a guiding document to help execute and moniter CSR projects.
- Establish criteria for partner implementionA gencies.
3. Policy Statement
The CSR Policy of M P STATE AGRO INDUSTRIES Develoment Corportion Ltd Bhopal focuses on addressing critical social,environmental and economic needs of the underprivileged and downtrodden sections of the society. We adopt an approach that integrates the solutions to these problems into the strategies of the company to benefit the communities at large and create social and environmental impact.The policy includes contributing ora adopting projects in the following areas of intervention defined in Schedule VII of the Companies act.
- Eredicating extreme hunger and poverty Promotion of Promoting gender equality & empowering women
- Reducing child morality and improving material health
- combatinghuman immune deficiency virus,acquired immune deficiency
- syndrome, malaria and other diseases
- ensuring environmental sustainability
- employment enhancing vocational skills
- social business projects
Company have at present focus on activities of eradicating extreme hunger and poverty by providing shelter for Aangan badi Kendra and other defined in Schedule VII as may be identified in future by the committee.
4. Scope of CSR activites
We classify only those projects which are not forming part of the normal course of business of the company. all our CSR projects will be reviewed and updated by the CSR committee of the Board.The normal course of business of the company is to Trading of agriculture activity and Setting of Bio Gas Plants and supply of Ready to eat products etc.
5. Governance Structure
The company has constituted CSR committee consisting of three directors from the Board of Directors including the Chairman , Managing Director and Director to oversee the implemention of the CSR policy of the company in accordance with the requirement of Section 135 of the Companies act.
The responsibilities of the CSR committee include
- The CSR Committee shall indicate the activies to be undertaken by the company as specified in Sch VII.
- The CSR Committee shall recommend the amount of expenditure to be incurred every financial year at least 2 percent of the average net profits of the company calculated under section 198 of the act, made during the three immediately preceding financial years.
Any other executive of the company associated with the CSR activities of the company will report to the CSR committee for all CSR projects undertaken.
6. Budget
The total Budget for the CSR projects will be decided by the CSR committee.