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Annual Action Plan for FY 2021-22 CSR Budget approval FY 2021-22 Background: As per the provisions of the Section 135 of the Companies Act, 2013 and Corporate Social Responsibility (CSR) Rules, 2014, during the Financial Year 2021-22, Samsung India Electronics Private Limited (SIEL) is required to spend 2% of its average net profits during the immediately preceding 3 financial years on CSR activities. The net profit as per Section 198 of the companies Act 2013 is as below Table 1: Computation of CSR Obligation for FY 2021-22 as received from Finance: Unit: INR Cr. Particulars FY 20/21 FY 19/20 FY 18/19 Budget Un Audited Audited Audited Ref. File Net Profit for Computing CSR Spend 5533.7 4,278.7 2,777.9 Attch 1 – Average net profit 4,196.8 Budget Main File (Worksheet – Budget 2% of Average net profit -INR Cr 83.94 Available) Proposed Budget FY 2021-22 The CSR team has proposed to spend INR 83.94 Cr (11.2 $M @ USD 1 = INR 75 ) through its various initiatives which is as per the 2% minimum CSR obligation budget computed. Table 2: Project wise CSR Budget for FY 2021-22 Sr. Project Name FY 21-22 Brief Budget Project Area of No. 1. Manner of execution reference file Category implementation 2. Modalities of utilisation 3. Monitoring and reporting mechanism INR $ M 4. impact assessment requirement Cr 1 Samsung Promote research in key innovation areas at Attch 1 On-going PAN India Innovation 8.12 1.08 India’s premier technology institutes Campus Direct implementation through partnership with IITs & DTU Budget component includes lab set up, Fellowship & maintenance Resources to deploy for monitoring External impact assessment planned in FY 21- 22 2 Solve for The program aims to encourage/nurture Attch 2 (MOU) Launch PAN India Tomorrow 2.48 0.33 students to ideate and find solutions to address year social issues in the thematic areas of Education, Agriculture, Healthcare and Environment. Implementation through partnership with FITT (IIT Delhi) Budget component includes Outreach, training and awards Resources to deploy for monitoring Launch planned in FY 21-22, impact assessment to plan in next FY 3 Smart Class Providing underprivileged children a chance at Attch 3 On-going PAN India 23.18 3.09 bridging the digital gap in education. Support. Government Schools to provide digital education to underprivileged students across India. Direct Implementation through vendors in Govt Schools Budget components includes Samsung & third- party products Resources to deploy for monitoring Rapid assessment done in FY 20-21 , not planned in FY 21-22 4 Star Aimed at providing the much needed financial Attch 4 On-going PAN India Scholarship 10.70 1.43 resources to students, securing admission in a Program undergraduate engineering course at any Indian Institute of Technology (IIT) or National Institute of Technology (NITs) across the country Direct Implementation and fund disbursement to eligible students Budget component includes direct scholarship and verification agency cost Regular monitoring with checks on eligibility Impact assessment planned in FY 21-22 5 FICCI SEDF To set up India’s first Center of Excellence for Attch 5 & 5.1 On-going UP 2.27 0.30 Career Counseling Implementation through partnership with FICCI SEDF Budget includes operating expenses and office maintenance Regular monitoring on the project through FICCI SEDF Launch planned in FY 21-22, impact assessment to plan in next FY 6 Technical Contribute to the Skill India mission by Attch 6 On-going PAN India School 2.60 0.35 enhancing technical skills of the youth in repair and installation of Consumer Electronics products thereby improve their employability. Direct Implementation in partnership with ITI and MSME Budget components includes trainers cost & maintenance Regular monitoring with dedicated resources based on KPIs Impact assessment planned in FY 21-22 7 Sales To create skill manpower for retail industry Attch 7 Launch PAN India Promoter- 17.10 2.28 year DOST Implementation through partnership with NSDC Budget includes Training, stipend & management fees Regular monitoring on the project through dedicated resources Launch planned in FY 21-22, impact assessment to plan in next FY 8 Apprenticeship To support youth to sharpen their skills through Attch 8 On-going UP & TN 6.61 0.88 practical training Direct Implementation at manufacturing units Budget includes stipend cost at Noida & Chennai Plants Regular monitoring with dedicated resources engaged at Plants Impact assessment to be planned in next FY
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