CSR: ALIMCO contributes Rs 75 lakh to PM CARES Fund

New Delhi: ALIMCO has contributed Rs 75 lakh towards PM CARES Fund under its corporate social responsibility (CSR) initiative to fight against the COVID-19 pandemic. The contribution was handed over to the Union Minister for Social Justice and Empowerment (SJ&E) Thaawarchand Gehlot in New Delhi on Thursday. Minister of State for SJ&E Krishan Pal Gurjar, Department of Empowerment of Persons with Disabilities (DEPwD) Secretary Shakuntala D Gamlin and ALIMCO's CMD DR Sareen were also present.

Applauding the efforts of ALIMCO, Gehlot said that the objective of ALIMCO is to benefit the disabled persons to the maximum extent possible by manufacturing rehabilitation aids for persons with disabilities and by promoting, encouraging and developing the availability, use, supply and distribution of artificial limbs and other rehabilitation aids to the disabled persons of the country. In 2019 as well, ALIMCO had contributed Rs 55.18 lakh to help fight against the pandemic and continued its commitment for FY 2020-21 by contributing an enhanced fund of Rs 75 lakh. This takes ALIMCO's total contribution to PM CARES Fund to Rs 1.30 crore for the fight against Coronavirus pandemic.

ALSO READ: SJVN gets 'SCOPE Meritorious Award' for its CSR activities

The Ministry of Corporate Affairs (MCA) notified the PM CARES Fund as an eligible fund for CSR activities and included the same in Schedule VII of the Companies Act, 2013. The board of directors of ALIMCO approved a CSR budget of Rs 1.39 crore for FY 2020-21, out of which it was decided that an amount of Rs 75 lakh will be contributed for the collective fight against the Coronavirus (COVID-19) pandemic in India through PM CARES Fund under CSR activity of the corporation.

ALIMCO

ALIMCO is a Miniratna PSU, registered under section 8 (Not for Profit motive) of the Companies Act 2013. It is functioning under the administrative control of the Department of Empowerment of Persons with Disabilities, Ministry of Social Justice & Empowerment.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)