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 252nd 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 2021-22
Contribution to Govt. / District hospitals in pursuance of DPE guideline approving Health and Nutrition with special focus on COVID related measures as the common theme for CSR activities by CPSEs during the F.Y 2021-22.
Project for Skill Development along with support in production of Jute Diversified Products (JDP) on a commercial scale.
Contribution to Armed Forces Flag Day Fund.
Study, Development of Designs and Handholding for Production of quality Jute Diversified Products (JDP) on a commercial scale in collaboration with National Institute of Fashion Technology (NIFT), Ministry of Textiles , Govt. of India.
Average net profit (before tax) of the company for last three financial years (2018-19, 2019-20 & 2020-21) – Rs. 19,26,62,062/-
Prescribed CSR Expenditure (two per cent of the amount as in term 3 above) – Rs. 38,53,241/-
Details of CSR spent during the financial year
Total amount to be spent for the financial year : Rs. 38,53,241/-
Amount unspent, if any : Rs.26.87 lakh – to be spent in F.Y 2022-23 in addition to CSR budget of 2022-23.
Manner in which the amount spent during the financial year : The manner in which the amount spent is detailed in Table below:
CSR Activites: 2021-22
Sl.
CSR Project
Sector
Project State/ District
Amount (in Rs.)
I
Contribution to Govt. / District hospitals in pursuance of an Office Memorandum from DPE approving Health and Nutrition with special focus on COVID related measures as the common theme for CSR activities by CPSEs during the F.Y 2021-22.
Health
West Bengal & Assam
9,65,248/-
II
Implementation of CSR projects for Health Care related activities in Aspirational Districts / Districts where the Corporation has Operations, identified by the CSR Committee, pursuant to DPE guideline in this regard
Health
Assam & Vizag
6,64,750/-
III
Projects for Skill Development in Production of Jute Diversified Products (JDP)
Promoting employment enhancing vocational skills among women and children
Odisha, Telangana & Uttarakhand
9,00,000/-
IV
Contribution to Armed Forces Flag Day Fund
Measures for the benefit of Armed Forces veterans, war widows and their dependents
All India
2,00,000/-
TOTAL
27,29,998/-
Reason for not spending the amount earmarked : During the F.Y 2021-22 two projects for Skill Development in Production of Jute Diversified Products (JDP) for women self-help groups were planned and accordingly RFQs were floated. However, adequate response was not received on account of COVID-19 pandemic.
Moreover, two organisations have been identified during the current financial year and the projects have already been initiated, the details of which will be reported in the next Annual Report.
Further, on account of the COVID-19 pandemic, initially there were issues in identifying govt. hospitals for upgradation of facilities of Health Care for mother and child. However, four hospitals were eventually identified and funds released while one hospital could not be finalized within 31st March, 2021. During the current financial year the remaining one hospital has also been identified, the details of which will be reported in the next Annual Report. The project for Study, Development of Designs and Handholding for Production of quality Jute Diversified Products (JDP) on a commercial scale in collaboration with National Institute of Fashion Technology (NIFT), Ministry of Textiles , Govt. of India is under process and the status of the same will be placed before the members in the next Annual Report.
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.
