Benefits Of Canara Bank CSR Program – Corporate Social Responsibility

 

A good bank is not only the financial heart of the community but also has an obligation of helping in every manner to improve the economic conditions of the common people. Canara bank founder Sri amble Subaru PI have been the guiding force behind all the CSR initiatives of the bank since its inception. Canara Bank has been a pioneer in creating and sustaining community development and staying true to its brand promise of initiating and implementing multifaceted and innovative programs which will bring the socio-economic transformation in society.Canara Bank centenary Rural Development Trust was started to provide a greater impetus to its rural development programs and micro enterprises.

One of the major achievements of the Trust has been the formation of 27 rural development and self-employment training institutes and 26 rule self-employment training institutes which promote rural entrepreneurship across the country.These short-term residential training programs equip the unemployed rural youth for skill development and entrepreneurship.This along with market research training in marketing and post training business counseling has made this a successful national model for the promotion of micro enterprises.most ABC concept training is also imparted to the transgender community and to persons with disabilities and to the physically challenged it’s heartening to note that Canara banks Community Development programs which have been initiated way back in the 1950s have been taken forward by the comment of India and to latest as much relevant since Government of India has made it through CSR mandatory.

CSR provisions in 2014 Canara banks top management has started this initiative called our city in 1982 and these have been taken forward by all the different banks today we find that one our city is being set up in each and every district across the country and this is become a replicable model today the sustainability and measurement impact are the hallmarks of any CSR program and today we find that Canara through Canara banks initiatives our cities are producing lot of skilled manpower from the unemployed youths who are provided opportunities for setting up micro and small enterprises the Canara Bank Institute of information technology was set up in 1990 to educate and empower the weaker sections of the urban youth who lack the funds and the access to pursue technical education the three-month CBI IT training not only imparts computer skills but also in personality development and communication skills today over 70% of the trainees have been successfully placed in premier IT companies besides creating sustainable livelihood for families and critical infrastructure for villages the bank has implemented integrated development under the Canara grammar their project at the grassroots level.extending development assistance beyond banking the bank has provided infrastructure facilities like roads water suppl,y schools and health centers computer centers and libraries solar lights and more.

Artisan training center where it is a unique for Canara bank no other bank has established in the country where in the rural youth unemployed youth are trained for one and a half years to develop excellence in their Tecna sculpture. They give training for the wood crafts the stone crafts ,the metal crafts and also the Terra Cotta.Here the people are one unique thing is the deaf and dumb people, the handicapped people and the physically low straight of the society people come there, get training free training for one and a half years and they become National Award winners in the state about this gives us a very much happiness in bringing these unemployed youth to such a high level it’s one of the very good unique initiatives back another Bank. Canara Bank has three training institutes at bidadi and Kerala in Karnataka and at karakuri in Tamilnadu. Set up to promote and preserve traditional handicrafts and nurture young artisans in a Gurukul environment.Those who are 18 years old have passed middle school 7th standered and are interested in sculpture and art can join the training the centers provide free training and boarding facilities and trained aspiring artisans from across the country for 6 to 18 months in wooden handicrafts stone carving metal and terracotta craft under the guidance of master craftsmen. Thousands of artisans have benefited from this and these Institute’s have received nationwide acclaim.

The Canara Bank believes that giving power to women make society powerful and with this in mind the bank established the Department of women empowerment which provides training, business counseling and marketing support to women entrepreneurs. Financial independence for women in the rural areas is their keystone philosophy and the banks rural women self-employment training institutes help women to enhance their entrepreneurial skills and augment their family income. Special packages are also provided to women entrepreneurs in terms of concession in rate of interest and security norms. 14 all women branches and three Mahela banking branches provide banking services exclusively for women and provide credit facilities to women entrepreneurs. Canara Bank periodically organizes can hood serves to exhibit promote and market the products created by women entrepreneurs under this program and also has number Asante a fully equipped retail mobile marketing man to sell these products at important market locations.

The Juban II education fund was launched in 1956 for the promotion of education and today provides free library facilities including a digital library , scholarships sponsorships and career guidance to promote technical and professional education to more than 3,000 students from a poor economic background. The bank continuously updates the collection of books according to the University syllabus and has multiple titles for the same subject which helps students from an economically weaker background gain ample access to the relevant educational material. The bank has also assisted a large number of educational institutions in enhancing their educational infrastructure recognizing the need to educate and make women self-sufficient. The bank provides scholarships loans and tutoring infrastructure to help support education for girls. One of the primary reasons girls drop out of school is because of the lack of sanitation facilities to reduce the dropout rate the bank has constructed toilets in 130 girls schools spread over 26 lead districts of the Bank.

In yet another pioneering initiative the bank has sponsored the Canara Bank relief and Welfare Society which runs a 100 bedded super specialty saver Chitra hospital providing treatment to needy patients the society also runs an old-age home and an infant adoption center. The bank is also associated with the Geneva Institute of Cardiology and Research Bangalore in providing funding assistance for modernization of the hospital and providing state-of-the-art medical equipment. The Bank sponsors institutions for mentally challenged children and is associated with the NGO enable India for training and placements to persons with disabilities helping a large number of charitable hospitals and government hospitals in procuring equipment and mobile medical vans treating patients in inaccessible rural areas and conducting health check-up and awareness camps are just some of the programs that are part of the bank’s CSR health initiatives. Being a socially responsible public sector organization the bank has a natural commitment to green energy and sustainability.

The bank sponsors solar energy programs in its adopted villages and all the rural development and self-employment training Institute campuses are equipped with solar power plants. The bank has funded schools like the Sainik school Corps ago and the Java had Nvidia Vidyalaya with solar energy plants and equipped over 21 hospitals in chicka belabor Karnataka with solar energy. The bank has facilitated doorstep banking through business correspondents in villages .this model helps in extending financial assistance to farmers who do not have access to a bank and helps even in the dispersal of loans at their doorstep .the bank has helped in opening a basic savings bank deposit account for lakhs of people in the rural areas. Access to banking services and educating farmers on prudently managing their finances has been a priority for the Canara bank. Since its inception to educate farmers on various banking services the bank has launched a financial literacy drive through the Canara Bank financial advisory trust the financial literacy centers established at the block level are managed by retired banking professionals who conduct awareness programs at schools colleges farmers associations and other forums and provide one-to-one counseling on managing the finances.

Sector wise sanctions of CSR Projects &programmes 2014-15

Sl.No. Details of activities Sectorwise Amount sanctioned (Rs. In crores)
1 Education

12.97

2 Health

3.80

3 Poverty & Nutrition

2.69

4 Persons with Disability (PwD)

2.54

5 Art & Culture

020

6 Skill Development

21.21

7 Environment Protection

0.11

8 Rural Development

18.53

9 Women Empowerment

00.60

10 Financial Literacy

4.40

TOTAL

67.05

The bank continues to explore new ways to include the underprivileged into organized banking and seize corporate social responsibility not as an obligation but as a means to reach the excluded sections of the society over a hundred years and guided by the principles and legacy of its founder the Canara Bank has truly lived up to its motto “together we can”

Canara Bank CSR - Corporate Social Responsibility

For more information regarding Canara bank csr policy visitCanara Bank Sustainable Development CSR

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