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India’s Mahindra & Mahindra spends Rs 93.5 Crore on CSR during FY 18-19
Mahindra & Mahindra spent Rs. 93.50 crores on CSR (Corporate Social Responsibility) initiatives during the financial year (FY) 2018-19 (Apr-Mar), according to annual report published by the company. The amount equal to 2% of the average net profit for the past three Financial Years is Rs. 93.37 crores.
The company spent Rs. 8.36 crore on NANHI KALI program which provides educational support (material & academic) to underprivileged girls in India through an after school support program.
In FY19, the project supported the education of 165,291 girls. Of these 18,974 girls were supported by M&M, while the Mahindra Group as a whole supported 66,348 girls. The balance girls are supported by individuals and other corporates.
M&M also supported a pilot project for Project Nanhi Kali 2.0 which will help aspiring girls to complete their graduation as well as achieve proficiency in spoken English and digital literacy.
M&M sponsored its 20th Lifeline Express (hospital on a train) in Arrah Bihar, through which medical care, treatment, and surgical intervention was provided to 11,119 individuals.
Through Mahindra Hariyali 0.95 million trees were planted which contributed to improving green cover and protecting bio-diversity in the country. Of these, 0.83 million trees were planted in the Araku valley, which besides greening the environment also provided livelihood support to tribal farmers growing coffee in this region. The Mahindra Group as a whole planted 1.45 million trees pan India.
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