Company: Shriram Transport Finance Company Ltd
Income 2005-2006 = Rs 350 Cr (rounded off)
Net profit after tax (05-06) = Rs 50 Cr (rounded off)
Karmayog CSR Rating- 2/5
CSR activities:
We’ve always believed in deliver financial value with a human face. As a company firmly grounded in a middle-class ethos, we take our social responsibilities very seriously.Our Corporate Social Responsibility (CSR) initiative started with the Shriram Social Welfare Trust (SSWT) that was set up in the year 1993. SSWT is today active in the following areas:
Orphan and destitute care
Primary education for the rural poor
Micro-credit financing through Self-Help Groups for the marginalized
Empowerment and upliftment of women in villages.
Orphan and destitute care:
The Mission:
To swiftly help the poor and the needy to be self-reliant and live with dignity, not charity. The primary focus and beneficiaries of the Trust’s activities are:
Abandoned, neglected and destitute children
Juvenile Delinquents in need of care and protection
Children of poor and illiterate parents
Disadvantaged and marginalized section of women, particularly rural women.
The Initiatives:
ASHRAM – a haven for children: No. of beneficiaries – 200 in a year.
Provides physical, psychological and spiritual care to children between 2 and 14 years of age
Children attend nearby schools on a full-time basis
Daily meals provided to children on the basis of a scientifically worked out nutritional chart
Management by well-trained professionals with MSW qualification
Recreational facilities and regular outings to various places of interest in and around Chennai provided to children
Periodical health check-ups and immunizations by a dedicated Consultant Paediatrician.
Primary education for the rural poor:
The Trust runs four schools in rural areas at Thiruneermalai, Pallikaranai, Moovarasampet in Tamil Nadu and in Prakash Nagar, Guntur District in Andhra Pradesh. Over 2000 children receive free education. Schools offer education up to Class VIII and student will progressively move up to higher secondary level.
{New school building at Pallikaranai slum – sponsored by Lions Club of Southgate of UK and Care Education Trust, London.}
FUTURE PLANS:
To start six primary schools for the rural poor in the villages of Andhra Pradesh
Government of Andhra Pradesh to hand over 3.5 acres of land to SSWT in six districts.
Immediate plans: to start two schools in Cuddapah and Guntur districts in June’05
Collaboration with Care Education Trust, UK:
Sponsorship for 600 children in government and aided schools to continue education – tuition fees, uniforms and nutritional supplements.
Expected to cover 1000 children this year
Tuition centres in community schools -10 schools benefiting 400 children Expected to cover 10 more this year
Collaboration with Loomba Trust, UK:
Children of poor widows receive support for education through annual fees, uniforms, textbooks, etc. (Number of beneficiaries – 200)Breakfast Scheme: Provision of Ragi porridge every morning as nutritional supplement in government schools. (No. of beneficiaries – 1200)
Balwadi Centres: Balwadi centres for tiny tots (children of maids, construction workers, etc.) – provide play and study atmosphere. (No. of beneficiaries – 150)
Micro-credit financing through Self-Help Groups for the marginalized women in villages:
Launch of Shriram Rural Development Project (SRDP) – to create and develop social and human capital among the poor.
Micro credit financing through Self-Help Groups (SHGs) in 155 villages in Tamil Nadu, Andhra Pradesh and Karnataka.
Features of the Micro credit financing through the self-help groups:
It empowers them to build linkages to infrastructure and health services, banks and diverse agencies of the state
The emphasis is on capacity building, sustainability, cost effectiveness of investments and efficiency.
Training them to maintain accounts, operate a bank account, conduct orderly meetings and maintain records of meetings.
More ‘useful’ consumption, especially more expenditure on child care.
Making them take decisions and develop norms for responsible social and economic behaviour.
People learn to work together as a group, to select and work with their leaders and representatives.
LONG TERM BENEFITS OF THE PROGRAM:
Reduction in rural indebtedness.
Bank/institutional credit for investment in income-generation activities
Improved household food security round the year, better nutrition.
Improved household incomes.
Empowerment of women.
Ripple effects leading to spread of awareness in neighbouring communities.
Greater leverage and status of SHG members in local communities and with the state.
How it has helped:
Reached and empowered 7,451 women in 156 villages through 539 self-help groups (SHGs)
Improved household incomes and lives of over 41,000 people, some 60% children.
Enabled access to credit to the extent of Rs. 8,808,266, to these households (avg. Rs. 1,182.13 per household).
Eliminated an annual outflow of Rs. 3,170,976 in these 7,451 households as interest payments to moneylenders (avg. Rs. 425.57 per household).
Stimulated investment in micro-enterprises of various kinds, leading to an estimated increased annual income of Rs. 2,900,000, (avg. Rs. 390.10 per household).
Thus created annual recurring benefits to poor households Rs. 6,000,000, (avg. Rs. 815.67 per household).
All this with an investment of less than Rs. 80 lakh spread over 9 years with a team of just 7 people in the field.
The Future according to Shriram:
To enlarge the scope of micro credit financing activity through NBFC-Shriram Investments Limited.
To extend activities to Bihar, Jharkhand and Eastern Uttar Pradesh.
To lend credit at low interest rates to 3 lakh women below poverty line in the next 4 years.
NATIONAL AWARDS WON:
Business World-Compaq award for ‘Social Responsiveness’ instituted by FICCI from the Hon’ble Vice President of India -Mr.Krishan Kant in 1999.
Mother Teresa award for Corporate Citizenship instituted by Loyola Institute of Business Administration (LIBA), Chennai in 2002.
Amount spent on CSR : No information regarding the amount spent on CSR was available on the homepage .
Contact details : Shriram Transport Finance Company Ltd
Mookambika Complex,
2nd Floor,
4, Lady Desika Road,
Mylapore,
Chennai – 600 004,
TamilNadu, India.
Phone: +91-44-24990960,
24991363, 24990356.
Fax: +91-44-24993272
Web address :http://www.shriram.com