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ABOUT CORPORATE SOCIAL RESPONSIBILITY

Corporate Social Responsibility ("CSR") has been an intrinsic part of Aavas's philosophy. Being a socially responsible business organization, Company continue to push the bar higher through CSR activities. The Company believe that it is our moral responsibility to give back to the community, which in so many ways has contributed to our success and helped to our business grow.

The CSR policy of the Company relates to the activities to be undertaken by the Company, which is in accordance with the provisions of CSR under Section 135 of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014 and Schedule VII of the Companies Act, 2013 ("the Act").

The Company is committed towards making a positive impact in sectors such as Rural & Community Development, Promoting Education, Healthcare, Eradicating hunger etc. Efforts and initiatives have been taken related to conservation, protection and amelioration of environment from over exploitation of resources.

CSR & ESG COMMITTEE

In compliance with the provisions of section 135 of the Companies Act, 2013, the Company has a CSR & ESG Committee.

The composition of the CSR & ESG Committee is as follows:

Sr. No. Name of the Director Executive/ Non-Executive Independent/ Non-Independent
1 Mr. Nikhil Omprakash Gahrotra Non-executive (Chairperson) Non-Independent
2 Mr. Sachinder Bhinder Executive Non-Independent
3 Mrs. Kalpana Kaushik Mazumdar Non-executive Independent
4 Mrs. Neha Sureka Non-executive Non-Independent

CSR POLICY

The Corporate Social Responsibility Policy ("Policy") encompasses the philosophy of the Company for delineating its responsibility as a corporate citizen and lays down the guidelines and mechanism for undertaking socially useful programmes for welfare and sustainable development of the community at large.

The CSR Policy of the Company is available on the website of the Company and can be accessed at CSR Policy

CSR-INITIATIVES


AAVAS GURUKUL(EDUCATION & HOLISTIC DEVELOPMENT)

The program aims to provide quality education by improving school infrastructure, promoting STEM education, and implementing other initiatives. Till date, 20+ schools have been covered, benefiting approximately 70000 students.

The initiative focuses on raising awareness about road safety, traffic rules, pedestrian safety, and commuting risks through inclusive training, as well as reinforcing behaviour change by providing Branded ISI helmets with certificates. Till date, 26000+ Road Safety Ambassadors (Sadak Suraksha Agradoot) have been trained in Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Delhi and Uttar Pradesh.


AAVAS AAROGYA(HEALTHCARE AND WELL BEING)

Sharing and distributing food to the needy is God’s biggest blessing. Aavas, with a mission to feed the hungry and the needy, provides free food to 1,000 patients and caregivers daily under its ‘Aavas Aahar Program’. Free food is offered outside Jaipuria Hospital in Jaipur. Aavas recognizes the importance of food for a healthy tomorrow. Thus, this program is an endeavour to provide meals to hospital patients and caregivers. Till date, free food distributed to over 1260000 patients and caregivers.

The initiative focuses on improving facilities at govt. hospitals by building sheds with flooring as patient waiting area, installing benches and water coolers, providing ambulances to improve the medical emergency services, and undertaking other need based works. Till date, 16 CHCs facilities improved, installed 75+ water coolers and provided 5 ambulances.

Aavas General Healthcare program is an endeavour to provide provide free primary healthcare services, create awareness on preventive health, and reduce out-of- pocket expense for people from economic weaker sections. The initiative includes distributing Artificial Limbs to those with disabilities, organizing eye check camps, providing free cataract surgeries and other need based initiatives. Till date, the program has benefited over 6500 patients.


AAVAS AAJIVIKA(LIVELIHOODS & WOMEN EMPOWERMENT)

Aavas Udaan aims to bridge the skill gap, enhance employability, and contribute to economic development. Under the initiative, 430 youths were trained in Business Correspondent and Business Facilitator (BCBF) and Banking, Financial Service, and Insurance (BFSI), with a 70% placement rete.

Gram Siddhi a very first, village development program that is leading by rural women of remote areas of Rajasthan, Gujarat & Madhya Pradesh. It is Aavas Foundation’s flagship program for providing skill-based training and employment opportunities to rural women. This initiative was launched to broaden the horizons of women’s employability and entrepreneurship development endeavours. The goal is to transform their persona, to foster financial literacy and self-reliance, to make them confident and to directly support their families. Following are the 5 key areas where Gram Siddhi program focus.

  • Skilling and entrepreneurship
  • Health & Nutrition
  • Personal hygiene
  • Financial and Functional Literacy
  • Leadership

Women's economic empowerment increases women’s access to economic resources and opportunities including jobs, financial services, property and other productive assets, skills development and market information. Women’s economic participation and empowerment are fundamental to strengthening their rights and enables them to have control over their lives and exert influence in society.


AAVAS GREEN (ENVIRONMENT SUSTAINABILITY)

Environmental responsibility remains at the core of Aavas and the CSR initiatives undertaken on environment protection reflects the company’s commitment towards a greener and better future. Aavas Van initiative focuses on transforming underutilized urban spaces into thriving native dense forest using the Miyawaki technique. Till date, 32000+ plantation done at unutilized urban spaces, schools, gaushalas and other public places.

The initiative aims to promote green energy and combat climate change by installing solar systems in government hospitals, gaushalas, and other public places, which reduces carbon emissions and lowers electricity costs. Till date, 1450+ KWP of Solar system installed in government hospitals and gaushalas.


AAVAS KHELODAYA(PROMOTING SPORTS)

Underprivileged individuals often possess untapped athletic talent, but lack access to resources like quality training, equipment, coaching and required diet & nutrition. The Aavas sports scholarship program provides scholarships to these athletes from economically weaker section, allow them to reach their full potential, excel their career in sports creating opportunities to represent their state and country. Till date, 10 Athletes from economically weaker section provided with scholarships.

The initiative focuses on improving the community's sports facilities, so that youth can actively participate in various sports. In recent years, 4 sports facilities like running track, volleyball court, badminton court, kabaddi ground, and open gym have been built or restored in various areas of Jaipur Gramin.

AAVAS FOUNDATION

Aavas Foundation is a non profit organisation founded in 2019 and dedicated to fulfilment of CSR commitments of Aavas Financiers Ltd. ("The Company"). The Company has established 'Aavas Foundation' ("The Foundation") to take forward the Company's CSR Vision and implement social programmes in a far more collaborative and participative way.

All CSR interventions are conceived and implemented through a focused approach towards target beneficiaries for generating maximum impact. The CSR initiatives of the Company are carried out either in partnership with credible implementing agencies or directly by project management teams or through its foundation.

With Engage, Enable, Enrich as motto, Aavas Foundation aims to reach out to marginalised communities through its initiatives that focus on employability & entrepreneurship, education & holistic development, welfare of construction workers, and sustainable environment.

Visit Aavas Foundation: https://aavasfoundation.in