What is CSR?
Corporate
Social Responsibility
(CSR) means the voluntary contributions made by companies to a better society
and a cleaner environment. It is a concept whereby companies integrate social
and other useful concerns in their business operations for the betterment of
their stakeholders and society in general.
CSR
Applicability in India The provisions of CSR apply to every company
fulfilling any of the following conditions in the preceding financial year: Net
worth of more than Rs.500 crore Turnover of more than Rs.1000 crore Net profit
of more than Rs.5 crore Board of Directors of every company for which the
CSR provisions apply must ensure that the company spends in every financial
year at least 2 percent of its average net profits made
during the immediately preceding three financial years as per its CSR policy.
If the company has not completed three financial years since its incorporation,
it must spend 2 percent of its average net profits made during the immediately
preceding financial years as per its CSR policy.
Importance
of Corporate Social Responsibility CSR is an immense term that is used to explain
the efforts of a company to improve society in a significant manner. The below reasons reflect why CSR is important: CSR improves the public image by
publicizing the efforts towards a better society and increasing their chance of
becoming favorable in the eyes of consumers. CSR increases media coverage as
media visibility throws a positive light on the organization. CSR enhances the
companys brand value by building a socially strong relationship with customers.
CSR helps companies to stand out from the competition when companies are
involved in any kind of community.
OUR
CSR PROJECT
Education: At Sneha
Foundation, we believe that every child deserves a quality education. Our initiative
aims to provide underprivileged children with access to essential learning
resources, tutoring, and scholarships, ensuring they have the tools to achieve
their academic potential.
Health: Sneha Foundation
is committed to enhancing community health through our comprehensive health
programs. We focus on providing medical care, health education, and preventive
services to underserved populations to improve overall well-being and
longevity.
Women
Empowerment:
Empowering women is at the heart of Sneha Foundations mission. Our projects
support women education, vocational training, and entrepreneurship, fostering
independence and enabling them to become leaders in their communities.
Environment: Sneha Foundation
is dedicated to protecting our planet through sustainable environmental
practices. Our initiatives include tree planting, waste management, and
awareness campaigns to promote environmental conservation and ensure a greener
future.
Food
Distribution: Sneha Foundation stands as a beacon of hope in the face of hunger. Our food
distribution programs provide nutritious meals to those in need, addressing
food insecurity and ensuring everyone has access to the nutrition necessary for a healthy life.
We
appreciate your interest in participating in any of the projects mentioned
above. Rest assured, we will provide you with the highest level of transparency
and adhere to all government rules and regulations in our procedures.
CSR Donors