{"id":66333,"date":"2021-04-30T21:08:51","date_gmt":"2021-04-30T19:08:51","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=66333"},"modified":"2021-04-30T21:08:51","modified_gmt":"2021-04-30T19:08:51","slug":"mastercard-pledges-10-million-donation-to-back-india","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/mastercard-pledges-10-million-donation-to-back-india\/","title":{"rendered":"Mastercard pledges $10 million donation to back India"},"content":{"rendered":"<p dir=\"ltr\" style=\"text-align: left;\"><a href=\"https:\/\/www.csregypt.com\/en\/mastercard-carbon-calculator-easy-tool-for-banks-to-offer-carbon-footprint-data\/\">Mastercard<\/a> announced a $10 million commitment to support India over the COVID-19 crisis. Over the past few weeks, India has seen a spike in both COVID diagnoses and deaths, with the healthcare system being stretched to its limits as more than 350,000 new cases are identified each day.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The philanthropic efforts, delivered through the Mastercard Impact Fund, will focus on three priority areas \u2013 access to hospital resources, access to additional oxygen supplies, and continued support of the company\u2019s employees across the country.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The largest contribution will be designated to support the expansion of 2,000 beds through the installation of portable hospitals that can address the immediate healthcare needs. Working with the government and local partners on the ground, these hospitals can be constructed quickly and could help an estimated 2.5 million Indians gain access to healthcare, adding to the nation\u2019s healthcare infrastructure.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cThe situation in India is gut-wrenching; it\u2019s clear that no one has been left untouched and that no one can be a bystander,\u201d said Ajay Banga, executive chairman of Mastercard. \u201cWe have long been advocates for the people of India, as employers and as enablers of the economy. Now it\u2019s time for us to put our shoulders to the wheel and do whatever we can to help all of India get through this intensified crisis.\u201d<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">In addition to the on-the-ground medical support, Mastercard is also allocating funding for additional shipments of 1,000 oxygen generators, as part of a broader corporate effort. And the company is donating to local charities and NGOs to allow for direct support of those affected by the virus, including the frontline medical workers across the country.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cThe U.S. and India have a shared history of helping each other during times of crisis,\u201d said Richard Verma, general counsel at Mastercard and former U.S. ambassador to India. \u201cWe\u2019re hearing from our own teams the challenges that they and their families are facing. It\u2019s critical that we stand by our friends and help those who have been impacted.\u00a0 Our commitment today and into the future is strong and enduring.\u201d<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Prof. K. VijayRaghavan, Principal Scientific Adviser to Government of India, added, &#8220;The steep rise of COVID-19 cases poses an enormous challenge to clinical care facilities.\u00a0 Revamping existing hospital infrastructure by increasing the number of beds to accommodate more patients requiring critical care and procuring more equipment to enhance oxygenation for patients is of utmost priority. We are grateful to the industry for their support to aid various State Governments\u2019 critical care systems to boost their response to Covid-19. Mastercard and the office of the Principal Scientific adviser to Government of India have joined hands to provide 2,000 beds and purchase oxygen concentrators for hospitals in states that have been affected the most. There have been many such partnerships, many more such needed in the coming days. We hope to speedily facilitate them where there is most need.\u201d<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\"><strong><br \/>\n<\/strong>Mastercard has already committed to cover all vaccine-related costs for its India-based employees and immediate families, as doses are available. To help extend these efforts \u2013 and provide another outlet for its employees across the globe to help each other \u2013 Mastercard will also match employee donations to its Employee Assistance Fund, up to $15,000 per individual. This comes on top of a $500,000 corporate contribution to the fund.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mastercard announced a $10 million commitment to support India over the COVID-19 crisis. Over the past few weeks, India has seen a spike in both COVID diagnoses and deaths, with the healthcare system being stretched to its limits as more than 350,000 new cases are identified each day. The philanthropic efforts, delivered through the Mastercard [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":66336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6261,984],"tags":[6949,6464,8520,9101],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mastercard pledges $10 million donation to back India - Csr Egypt<\/title>\n<meta name=\"description\" content=\"Mastercard donates $10 million to support India over the COVID-19 crisis. 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