MUMBAI (India CSR): Union Bank of India has been in the forefront in meeting its CSR commitments. Towards this the Bank has established Union Bank Social Foundation Trust (UBSFT) in the year 2006 as an extended arm for carrying out the CSR activities of the Bank.
Union Bank Social Foundation Trust – UBSFT has approved 28 projects involving an amount of Rs. 5.4736 Crores during the year 2021-22 under various sectors like Education, Health care, Community Development, Skill Development etc.
UBSFT has been incorporated aiming to support initiatives towards Social upliftment& improving lives of underprivileged segments. The major CSR activities of the Bank are now being carried out through the UBSFT. Its Board is headed by the Bank’s Managing Director & CEO with Executive Directors as Vice Chairman Trustees, other trustees include the Bank’s General Managers and one independent trustee.
The UBSFT Board provides directions in accordance with the Bank’s thrust areas and undertakes review every quarter. The directions of the Board are executed by the Chief Executive of UBSFT. While the Registered office of UBSFT is at Bengaluru, the administrative office is at Mumbai.
Details of some major major CSR projects undertaken by Bank/UBSFT are listed below:
Bankers Institute for Rural & Entrepreneurship Development, Hyderabad have been approved an amount of Rs. 26.80 lacs towards sharing of revenue expenses.
Swarna Bharat –Soma Institute of Technical training, Venkatachalam have been approved an amount of Rs. 39.73 lacs towards sharing of revenue expenses.
SBT-MRGI –Skill Development Institute, Muchintal have been approved an amount of Rs. 9.75 lacs towards sharing of revenue expenses.
Corporation Bank Centenary Public Library, Mangalore have been approved an amount of Rs. 25.00 lacs towards meeting the revenue expenses of the Library.
Corporation Bank Heritage Museum, Udupi have been approved an amount of Rs. 17.00 lacs towards meeting the revenue expenses of the Museum.
Supported District administration Udupi for setting up an Oxygen plant at district hospital at a cost of Rs. 46.25 lacs for treating COVID 19 patients.
Supported National Health Mission Ranchi for purchasing one Ambulance at a cost of Rs. 19.21 lacs for transportation of patients.
Supported Mangalore Jesuit Education Society for procuring educational research equipments for St. Aloysius College, Mangaluru at a cost of Rs. 25.00 lacs.
Supported King George Hospital, Visakhapatnam for procuring one Doppler machine at a cost of Rs 29.50 lacs.
Supported Akshayapatra Foundation, Bangalore for purchase of two food distribution vehicles (custom built) for supporting food distribution (mid day meal scheme) to schools at Mangalagiri, Vijayawada at a cost of Rs. 23,36,320/-.
Saraswati Education & Welfare Trust, Meghalaya have been approved donation of Rs. 24.00 lacs for construction of 3 class rooms in Saraswati Vidya Mandir, Kongong.
Supported Shraddha Foundation Mumbai for purchase of a mini bus for transportation of cancer patients from shelter to AIIMS Bhubaneswar at a cost of Rs. 20.90 lacs.
Devbhumi Siksha Prasar Samiti, Rudrapur, Udham Singh Nagar have been approved donation of Rs. 20.00 lacs towards construction of multi purpose hall in their college of pharmacy.
“Union Bank of India is committed to its role as a responsible corporate entity not only by adopting ethical business practices but also contributing towards economic development beyond its statutory obligations. Bank fully realizes its social responsibility to improve the quality of life of the local community and society at large.”, the bank said.
(India CSR)
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