Financial Daily from THE HINDU group of publications
Monday, Jul 15, 2002
Money & Banking
Public Sector Banks
Industry & Economy - Rural Development
SBI ready with social plan
Mr K. Sreedharan, Deputy General Manager, State Bank of India, hands over the bank's donation to P.T. Usha, the Olympian, in the presence of the Union Minister, Ms Uma Bharati, and Mr Sunil Dutt, M.P.
KOCHI, July 14
STATE Bank of India (SBI) has finalised an action plan to conduct 460 community service banking (CSB) activities in Kerala under various schemes during the current fiscal.
The plan would cover various schemes for the weaker sections of the community besides other activities covering the wider spectrum of the society by undertaking projects in the field of health, family planning, education, vocational training sports, environment and children's welfare.
The bank has earmarked an estimated Rs 25 crore for such schemes, bank sources said.
``One of the notable donations made by the bank is the donation of an audio meter costing Rs 2.68 lakh to Raksha, a Kochi-based society for the care of children with multiple handicaps," Mr K. Sreedharan, Deputy General Manager, SBI, told Business Line.
Besides, the bank had donated an amount to the Usha School of Athletics recently, he added.
"The bank is fully alive and committed to its social responsibility role as a premier banking institution in the country. Of late, we have been very active in such activities in Kerala also by supporting various registered organisations, NGOs/voluntary organisations by donations for undertaking socially-oriented welfare projects for downtrodden children."
SBI created the SBI Children's Welfare Fund in 1983 through voluntary contributions from the staff members with matching contributions from it.
Of the interest income of the corpus, the bank assists various children welfare projects through NGOs, benefiting orphans, destitute and physically handicapped children.
SBI has supported old age homes, school for mentally retarded children and orphanages in the State, apart from providing equipment to medical colleges.
It has also assisted in the construction of a subway in Thrissur, Mr Sreedharan said.
Another project it is planning to take up this fiscal is a free medical check-up programme for police constables above 45 in Kochi city jointly with the city police commissionerate, he added.
"As part of the community services, the bank has undertaken a number of non-loaning welfare activities and programmes with high social content."
The main activities are blood donation, medical, family planning and veterinary camps, drug banks, adult literacy classes, special programme for children, tree plantation camps, environmental protection measures and awareness programmes.
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