CORPORATE SOCIAL RESPONSIBILITY (CSR)
CSR is a form of corporate self-regulation integrated into a business model. Digamber Capfin Limited (DCL) also plays an active role in creating the social infrastructure of communities where its various entities are active, such as healthcare and education. With these initiatives, the foundation aims to embrace responsibility and encourage a positive impact on the society as well as the environment. DCL today works in several spheres benefitting lives even in the remotest areas of modern India. We believe that a community with a soul is the most beautiful gift we can give to the coming generations. This is why as we climb the corporate ladder we also try to touch the many lives that make Digamber Group. The best community service should start close to home and we strive to do just that.
Brief outline of the Company’s CSR Policy, including overview of projects or programs proposed to be undertaken: Being a micro finance company, we are always devoted for betterment of society especially among women & their family and endowers for their livelihood enhancement. Company is committed to improve the lives of the society in which it operates. The Company believes in its efforts to improve the society and strives to create a positive impact on the communities it serves and on the environment. Detailed CSR policy of the company is accessed via link:
The objective of our CSR policy is to actively contribute to the social, environmental and economic development of the society in which we operate.
DCL believes that it has a responsibility towards the people and the environment in shaping a better future for the nation and enabling a better life. It is an integral part of business philosophy and we have always remained committed to it. We aim to build & sustain a culture of care through our initiatives and aim to create sustainable value for the community at large and build the nation of our dream. We focus on being a responsible lender by fostering holistic development of the community and our operating environment.
CSR KEY INITIATIVES:
For the Financial year 2018-19, board has approved CSR amount approx Rs.10 Lacs which was remaining unspent during the year and for the financial year 2019-20, Board has approved CSR amount approx Rs. 24 Lacs. Accordingly, the company has spent approx Rs. 34 lacs for both the financial year 2018-19 and 2019-20 in CSR project through implementing agency TATPADAM UPVAN a non-profit company registered under section 8 of Companies act, 2013 for charitable purposes, operating with the charitable objective to serve public or society at large.
Now as a part of Corporate Social Responsibility, the company has constituted its own trust in the name of DAYITVA WELFARE TRUST, Jaipur. It is a Public Trust registered in Jaipur Rajasthan. Trust is managed by a team of energetic team with rich experiences from the social development sector.
A significant effort to repay the society at large, DAYITVA WELFARE TRUST envisages helping the weaker sections of the society. It aims in making a difference among the underprivileged in the areas of education, health, upliftment and empowerment of women. The trust is also constituted for the purposes of promoting, establish, develop educational institution, eradicate Hunger, poverty, malnutrition, promoting health care, conservation natural resources, help widows, orphans and indigent persons, establishing dispensaries, hospitals, nursing homes, maternity homes, child welfare centers, medical centers, sanitariums, clinics, laboratories, mobile medical units, ambulances, research centers etc.
For the Financial year 2020-21, CSR amount approved by the Board was approx Rs.46 Lacs, out of which a few amount spent in a Primary School, Uttarakhand for basic infrastructure facilities and the remaining amount has transferred to Dayitva Welfare Trust, constituted by the Company.