Bank of Maharashtra
Sales (2007-2008) =Rs.3500 crores. (rounded off)
Net profit after tax =Rs.330 crores. (rounded off)
CSR Budget =Not available
Karmayog 2008 CSR Rating: 2/5
See Karmayog Comments below:
CSR activities:
Mahabank Self Employment Training Institute( M-SETI)
- M-SETI was established in December 2001 under the aegis of MARDEF with a view to fostering entrepreneurship skill development for educated unemployed youths, specially from rural areas.
- Various Rural Entrepreneurship Development Programmes and Entrepreneurship Development Programmes courses are conducted through 3 M-SETI centres at Pune, Aurangabad and Nagpur.
- These M-SETI centres have conducted 187 programmes and trained 3905 unemployed youths of which 2696 have successfully started their own livelihood activities.
Gramin Mahila Va Balak Vikas Mandal( GMBVM)
- Gramin Mahila Va Balak Vikas Mandal is a Trust sponsored by the bank in 1989. Its objective is the empowerment of rural women through the medium of Self help groups. Today GMBVM is working in 5 lead districts of Bank of Maharashtra i.e Pune, Satara, Nasik, Thane and Jalna , nuturing self help groups covering over 1 lakh women. The trust has the following thrust areas of work.
- It is the only NGO which not only guides SHGs intaking up income generating activities but also markets the products of SHG . towards this end the bank has made available space at Model Colony, Pune to run an emporium called �SAVITREE�
- Educating of SHG members
- Insurance of SHG members
- Training in all activities to become a successful SHG
- Credit linkages with banks
Upto 31st March �08 GMBVM has formed 15739 SHG s and credit liked 13175 SHGs . Out of which, 8974 SHGs are credit linked through branches of bank.
Councelling for farmers in Vidharbha:
- The bank has taken its social responsibility seriously. With the high number of suicides amongst the farmers in Maharashtra, the bank has taken innovative steps to bring the farmers into the formal banking sector and stem the depressive trend
- In its endeavour to provide counselling to the farmers in Vidharbha region, Bank of Maharashtra thought of going beyond extending financial assistance to them, and it came out with an idea of providing technical inputs to farmers in the drought-affected Vidharbha region.
- The bank, in association with the NGO, conducts these programmes every Saturday and Sunday in various parts of Amaravati and Yavatmal districts. Agriculture experts give technical inputs to these farmers, numbering around 100 to 150 in batch, on various matters. The programme educates farmers not to depend on a single crop but also encourages them to take up some ancillary activities.
- So far 3736 farmers from Akola , Amravati, Yeotmal and Buldhana Districts have so far been given training under this programme.
Women Empowerment:
Ever since 2001- the Year of Women, the bank is implementing the 13-point action plan in letter and spirit. The total credit extended to women beneficiaries amounted to rs.1469 crores covering 167327 women borrowers as on march �08.
Rural Development Centre:
- The bank has established Mahabank Agricultural research and rural Development Foundation in 1980 for supporting farmers by providing credit plus services along with extension services, technical support, operational research and development in the field of agriculture.
- Considering the need for upgrading the technology adoption in agriculture and allied activities and to educate farmers for improving productivity the bank has established 2 rural development centres one at Hadapsar and another at Bhigwan way back in 1984.
- The centres are implementing various developmental programmes like soil reclamation, crop production, organic farming and activity specific training programmes through NABARD and other agencies.
Source: Annual Report 2007-2008 (pg 22/ 25)
Karmayog Comments: No information on CSR inititiatives available last year.
Contact Information:
Bank of Maharashtra
Lokmangal 1501 Shivajinagar
Pune
Maharashtra 411005
Phone No. : 020-25511360
Fax : 020-25512351
Email : compsec@mahabank.co.in
Website www.bankofmaharashtra.in
Industry Sector: Bank
Products / Services: Banking Services
Moving Equipments
Other locations of factories / offices: Branches all over the country.
Previous year�s CSR activities & rating: www.karmayog.org/csr500companies/csr500companies_7381.htm