CSR Activities

JCI being a profit making organization has to carry out CSR activities under Section 135 of the Companies Act. 2013. The CSR activities of the Corporation are carried out keeping in mind the CSR policy recommended by the CSR Committee and approved by the Board in its 252^nd meeting held on 25.06.2019. Additionally, the Corporation is also obliged to involve in CSR activities as per guidelines on Corporate Social Responsibility (CSR) for Central Public Sector Enterprises(CPSE) circulated by Ministry of Heavy Industries and Public Enterprises (Department of Public Enterprises) from Time to Time.

CSR Policy of the Corporation

Jute Corporation of India Limited (JCI), a Central Public Sector Enterprise (CPSE), was set up by the Government of India with the main objective of safeguarding the interest of the jute growers by giving a reasonable value for the jute grown in general and avoiding any distress sale in particular. In addition to taking up the Minimum Support Price (MSP) operation, JCI also takes up commercial purchase and sale keeping in view the market conditions. Accordingly, welfare of the jute growers, who are largely small and marginal farmers with limited income, may be the focus and guiding factor of its CSR policy.

The management shall endeavour to spend 2 (two) percent of the average net profit of the previous three years on CSR activities, listed in the schedule VII of the Companies Act 2013,

The directives issued by the Department of Public Enterprises, Ministry of Corporate Affairs as well as the Ministry of Textiles (administrative ministry), if any, shall be kept in view while identifying and implementing CSR activities in a particular year.

Empowering the jute growers/ weavers with new skill and technology for improving their earnings and economic conditions as well as assistance for educational empowerment of the wards of the jute growers/ weavers shall be given special attention.

Efforts shall be made for supplementing the ongoing health care facility including drinking water, sanitation, and mother and child health care immunisation etc. for the jute growers / weavers.

Amount, which may remain unspent at the end of the year, shall be carried over to the next financial year.

CSR Budget for the Financial Year 2021-22 as calculated in line with the provisions of the Companies Act, 2013 : Rs.38.53 lakh

CSR Programmes undertaken during F.Y 2023-24

Contribution to Saroj Gupta Cancer Centre & Research Institute for one AC Ambulance for welfare of the patients in pursuance of Office Memorandum from DPE regarding “Alignment of CSR expenditure of CPSEs with National Priorities” approving ‘Health and Nutrition’ as common theme for CSR activities by CPSEs during the F.Y 2023-24..
Financial assistance to Kendriya Sainik Board, Ministry of Defence, Govt. of India, New Delhi, for contribution to the “Armed Forces Flag Day Fund”

The composition of the CSR Committee

1.Smt. Puja Vidhani, Non-Official Independent Director-Chairperson

2.Shri A.K. Jolly, CMD-Member

3.Late Amitava Sinha, Director (Finance)-Member (Upto 27.02.2024)

4.Shri Purnesh Gururani, Director (Fibre), MoT-Member

Average net profit (before tax) of the company for last three financial years (2020-21, 2021-22 & 2022-23) – Rs. 4,69,33000/-

Prescribed CSR Expenditure (two per cent of the amount as in term 3 above) – Rs. 9,39,000/-

Details of CSR spent during the financial year

Total amount to be spent for the financial year : Rs. 9,39,000/-
Amount unspent, if any : Rs.2.00 lakh from CSR budget for the F.Y 2020-21,Rs. 1.41 lakh from CSR budget for the F.Y 2021-22,To be spent during the F.Y 2024-25 in addition to CSR budget of 2024-25
Manner in which the amount spent during the financial year : The manner in which the amount spent is detailed in Table below:

CSR Activites: 2023-24

Sl.	CSR Project	Sector	Project State/ District	Amount (in Rs.)
I	Contribution to Saroj Gupta Cancer Centre & Research Institute for one AC Ambulance for welfare of the patients	Health	West Bengal & Assam	7,50,000/-
II	Contribution to Kendriya Sainik Board, Ministry of Defence, Govt. of India, New Delhi, for contribution to the “Armed Forces Flag Day Fund”	Measures for the benefit of Armed Forces veterans, war widows and their dependents	All India	2,00,000/-
	TOTAL			9,50,000/-

Statement from the CSR Committee : The CSR Committee confirms that the expenditure on CSR has been carried out in conformity with CSR activities outlined as briefed in Para-1.