CSR PROJECTS

In accordance with the CSR activities enshrined in the CSR Policy adopted by the Board pursuant to the provisions of Section 135 of the Companies Act 2013, JM Financial Limited has supported the implementation of the following CSR projects through the company’s and the Group’s CSR arm – JM Financial Foundation (JMFF). The CSR Committee of the Board is comprises Mr. Nimesh Kampani – Chairman, Ms. Jagi Mangat Panda – Member and Mr. Pradip Kanakia – Member.

CSR PROJECTS SUPPORTED BY THE COMPANY (YEAR-WISE):

SHRI VARDHMAN NIDAN SEVA:

The Shri Vardhman Nidaan Seva project was initiated in December 2020, at the peak of the COVID-19 pandemic, to provide primary-curative and preventive healthcare services to families in over 30 villages and nearby hamlets in Sikandra and Khaira blocks of Jamui district, Bihar. Two Mobile Health Units (MHUs) cater to villages that are primarily inhabited by tribal and scheduled caste populations, who face the hardest time in accessing quality healthcare owing to unavailability of transportation, poor and expensive service by local quacks, and related challenges in terms of livelihoods, agriculture, water and sanitation. The two MHUs not only provide curative healthcare services, but also undertake preventive diagnoses and education-dissemination, targeting scientifically identified, pressing health concerns in the said region.

CENTRE FOR FINANCIAL RESEARCH (CFR) INDIAN INSTITUTE OF MANAGEMENT, UDAIPUR (IIMU):

The Company has extended its CSR support towards infrastructure development for the new Centre for Financial Research (CFR), being set up under the Indian Institute of Management, Udaipur. The Indian Institute of Management, Udaipur (IIMU) was set up by the Government of India in 2011 and is one of the fastest-growing management institutes in the country. The Centre will carry out academic research and allied initiatives in the broad areas of finance and related disciplines. It aims to encourage research in topics related to traditional finance as well as socially relevant research themes, such as, environmental, social & governance investing, financial literacy and inclusion, climate finance, sustainability, and inclusive growth. One of the key goals of the Centre is to foster a continuous dialogue among financial regulators, academics, industry experts and business leaders. The CFR in the future, also plans to house research fellows who may work solely on academics or in the intersection of academia and industry and potentially become the bridge between them, developing actionable research-driven insights.

SHRI VARDHMAN NIDAN SEVA:

The Shri Vardhman Nidaan Seva project was initiated in December 2020, at the peak of the COVID-19 pandemic, to provide primary-curative and preventive healthcare services to families in over 30 villages and nearby hamlets in Sikandra and Khaira blocks of Jamui district, Bihar. Two Mobile Health Units (MHUs) cater to villages that are primarily inhabited by tribal and scheduled caste populations, who face the hardest time in accessing quality healthcare owing to unavailability of transportation, poor and expensive service by local quacks, and related challenges in terms of livelihoods, agriculture, water and sanitation.

PROJECT SHIKSHA SAMARTHAN:

The COVID-19 Pandemic upended our lives in unforeseen ways, some of which have had a life-changing impact on thousands of lives and families all over the world. While each of these losses has been a traumatic one, some have left an indelible mark on the minds and hearts of young children who have lost a parent or both. This loss has not just led to an emotional drain but also made them vulnerable to quitting their schools due to lack of adequate financial resources. The Company joined hands with other companies of JM Financial group to initiate Project Shiksha Samarthan in May 2021, with the objective of restoring the continuity in education for all affected children (up to grade 12) who have lost one or both parents to the pandemic. Since then, the project has lent its support towards the school education of over 7,000 children from across 18 states and three union territories.

JMF SCHOLARS – ASHOKA UNIVERSITY:

Ashoka University, located in Haryana, has one of the largest and most successful “need-based” financial aid programs in the country, under which, over 5,000 students have been provided with need-based scholarships over the past 10 years. Often-times, these students belong to vernacular schools, hail from families where their parents work as daily wage labourers, farmers, motor loaders, domestic helps, earning an annual income of less than Rs. 2 Lakh per year. The project supports scholarship for tuition and residence fee of students from the aforementioned backgrounds, to pursue their three years’ undergraduate studies at Ashoka University.

PM CARES:

The Company and the JM Financial Group also extended their prompt support towards combating the nation’s efforts against COVID-19 by contributing to the PM CARES in the wake of the pandemic, in March 2020.

PROJECT MOBILE HEALTH UNIT (Group Support) (Concluded):

In the state of Jharkhand, JM Financial Foundation has worked in Giridih district, an Aspirational District identified by the NITI Aayog. Our efforts in this region have been focused on facilitating community healthcare services for some of the remotest and backward villages. The Mobile Health Unit (MHU) project was conceived and put to execution with the idea of ensuring last mile delivery of essential healthcare services in regions where it had remained elusive, for reasons of geography and demography. Giridih being one of the most underdeveloped districts, the remoteness of the communities living therein only elevates their existing socio-economic vulnerability. By reaching out to such disadvantaged communities residing in arduous terrains where the accessibility of basic healthcare services like regular health check-ups, diagnosis and availability of medicines is difficult, the project ensures door-step delivery of comprehensive healthcare services so as to reduce and arrest escapable health issues and excessive out of pocket expense on private services.

The MHU provided doorstep healthcare services based on a predetermined village-wise schedule, resulting into OPDs coupled with diagnostic tests and medicines, a systematic repository of medical cases and their follow-ups, health camps and awareness drives aimed at addressing the knowledge gap within the communities with respect to nutrition, hygiene and health. The project was formally concluded in September 2021.

INTEGRATED VILLAGE DEVELOPMENT PROJECT (Group Support):

The Integrated Village Development Project (IVDP) had been undertaken with the objective of bringing about comprehensive development for seven villages of Mokhada block in Palghar district, by way of facilitating improvements in intertwined and interwoven aspects of resident rural and tribal communities’ lives. In order to achieve sustainable outcomes through our efforts, the project has been implemented by way of a tripartite Public Private Partnership (PPP) with the Office of the Collector and District Magistrate, Palghar, Maharashtra. Since 2018, the project has been working to bring well-rounded development by focusing on three core thrust areas:

Strengthening farmers livelihoods through agriculture enhancement – by following an approach of training farmers and SHG members, helping them pilot advanced agricultural and other inputs and solutions, introducing traditional and economical water conservation methods at scale and hand-holding them throughout.

Enhancing education outcomes – addressed by way Ashramshala Infrastructure Development Project described below.

Linking community to public entitlements – achieved by educating communities on government schemes and policies, enlisting their interests to apply for the same, pursuing their linkage through liaising with the relevant government officials and departments, and ultimately, handholding the beneficiaries to receive the benefits, timely.

While this project was implemented earlier, as of FY 2022-23, it continues to be under execution, through the support of CSR funding other group companies under their Annual Action Plans.

ASHRAMSHALA INFRASTRUCTURE DEVELOPMENT PROJECT (Group Support):

An Ashramshala is a residential school imparting education up to secondary level to Scheduled Tribes (STs) children, with funds allocated by the State Tribal Development Department. In hilly areas, an Ashramshala reaches out to 5,000 – 7,000 population, while in other, remote areas, this number reduces to 2,000 – 3,000. In the state of Maharashtra, all Ashramshalas fall in the ambit of the Integrated Tribal Development Department. One such Ashramshala located in Aase Gram Panchayat of Mokhada block, was identified to be in urgent need of refurbishment and redevelopment, should the students’ educational outcomes (especially girl children) be of significance. The project on Ashramshala infrastructure support was evaluated and undertaken with the primary objective of providing an avenue for comprehensive development of 379 lesser-privileged girls and boys (grades 1 - 10) attending the Mahatma Jyotiba Phule Ashramshala, located in Aase village, Mokhada block. The project has been completed with the renovation of the existing school building for six classrooms from Grades 5-10 along with construction of new toilet blocks and four new rainwater storage tanks.

HOSPITAL DEVELOPMENT SUPPORT PROJECT (Group Support):

We have supported the state of the art Shrimad Rajchandra Hospital located in Valsad, Gujarat, with much needed equipment for the Neonatal Intensive Care Unit (NICU) and District Early Intervention Centre (DEIC). Through this support, the Group is impacting over 1,000 critical babies and providing physical and mental rehabilitation to over 20,000 (cumulative) children annually, hailing from lesser-served rural and tribal families of Dharampur and Valsad blocks in the said district.

SUPPORT TOWARDS HOSPITAL EQUIPMENT (Group Support):

The Kalikund Hospital located at Dholka block in Ahmedabad district of Gujarat, is a 91-bedded charitable hospital catering to the population from over 200 villages located in nearby blocks. The hospital provides multi-specialty services under categories like Medicine, Surgery, Orthopedic, Ophthalmology, ENT (Ears, Nose, Throat) and other super specialty services through on-call visiting consultants from district place. Overall the hospital caters to a daily OPD patient load of 300 - 400 and 6 - 8 surgeries through their four operation theaters.

JM Financial Foundation has supported the Kalikund Hospital with an MRI (Magnetic Resonance Imaging) machine in order to strengthen the hospital’s diagnostic facilities and enable patients from rural areas to access complete medical care at one place.

The Civil Hospital, Ahmedabad is a 3,200-bedded tertiary healthcare hospital, constituting one of the largest in Asia. It is 160-years old and caters to about 12 – 13 lakh OPD patients, 1.5 lakh IPD patients and 70,000 minor and major surgeries annually from across four states, through its specialty and super-specialty departments. Owing to the heavy patient load of about 500 daily OPDs, the hospital, and notably, the radiology department faces a challenge in providing efficient services. Against the daily busy patient load, the Civil Hospital had only one functional, X-ray machine. In order to aid in increasing the efficiency in services provided to the hospital patients, JM Financial Foundation has extended its support by way of providing for three sets of equipment, namely – one fixed X-ray system, two digital radiography systems and three patient warmers.

SUPPORT TOWARDS SCHOOL BUILDING CONSTRUCTION (Group Support):

JM Financial Foundation has extended support to a village-based school in Aurwan Tand village of the Aspirational District – Chandauli, in the state of Uttar Pradesh. The school, currently run from grades 6 to 8, will be upgraded to run from grades 1 to 6, with the help of JM Financial group’s support. The new school building will help accommodate greater number of students and teachers, enabling children from this red corridor region to regularly access formal schooling.

CSR PROJECTS SUPPORTED BY THE SUBSIDIARIES/ASSOCIATE OF THE COMPANY
The CSR projects supported by the following subsidiaries/associate of the Company through their annual action plans are as under.

JM Financial Products Limited

JM Financial Credit Solutions Limited

JM Financial Home Loans Limited

JM Financial Asset Reconstruction Company Limited

PROJECT SHIKSHA SAMARTHAN:
The COVID-19 Pandemic upended our lives in unforeseen ways, some of which have had a life-changing impact on thousands of lives and families all over the world. While each of these losses has been a traumatic one, some have left an indelible mark on the minds and hearts of young children who have lost a parent or both. This loss has not just led to an emotional drain but also made them vulnerable to quitting their schools due to lack of adequate financial resources.

The Company joined hands with other companies of JM Financial group to initiate Project Shiksha Samarthan in May 2021, with the objective of restoring the continuity in education for all affected children (up to grade 12) who have lost one or both parents to the pandemic. Since then, the project has lent its support towards the school education of over 7,000 children from across 18 states and three union territories.

JMF SCHOLARS – ASHOKA UNIVERSITY:
Ashoka University, a pioneer offering courses in the Liberal Arts and Sciences, is a private university notified under the Haryana Private Universities Act 2006. The University, spread over 25 acres, offers undergraduate and postgraduate courses in Humanities & Social Sciences and Natural & Applied Sciences, with courses in research and doctoral studies. Ashoka University has one of the largest and most successful need-based financial aid programmes in the country, under which, over 5,000 students have been provided with need-based scholarships in the last 10 years. Often-times, these students belong to vernacular schools, hail from families where their parents work as daily wage labourers, farmers, motor loaders, domestic helps, earning an annual income of less than INR 2 – INR 3 Lakh per year. The project supports scholarship for tuition and residence fee of students pursuing their three years’ undergraduate studies at Ashoka University.

INTEGRATED VILLAGE DEVELOPMENT PROJECT:
The Integrated Village Development Project (IVDP) has been undertaken with the objective of bringing about comprehensive development for seven villages of Mokhada block in Palghar district, by way of facilitating improvements in intertwined and interwoven aspects of resident rural and tribal communities’ lives. In order to achieve sustainable outcomes through our efforts, the project was implemented by way of a tripartite Public Private Partnership (PPP) with the Office of the Collector and District Magistrate, Palghar, Maharashtra.

Since 2018, the project has been working to bring well-rounded development by focusing on three core thrust areas: •Strengthening farmers livelihoods through agriculture enhancement – by following an approach of training farmers and SHG members, helping them pilot advanced agricultural and other inputs and solutions, • Water conservation, • Linking community to public entitlements – achieved by educating communities on government schemes and policies, enlisting their interests to apply for the same, pursuing their linkage through liaising with the relevant government officials and departments, and ultimately, handholding the beneficiaries to receive the benefits, timely.

PROJECT SHIKSHA SAMARTHAN:
The COVID-19 Pandemic upended our lives in unforeseen ways, some of which have had a life-changing impact on thousands of lives and families all over the world. While each of these losses has been a traumatic one, some have left an indelible mark on the minds and hearts of young children who have lost a parent or both. This loss has not just led to an emotional drain but also made them vulnerable to quitting their schools due to lack of adequate financial resources.

The Company joined hands with other companies of JM Financial group to initiate Project Shiksha Samarthan in May 2021, with the objective of restoring the continuity in education for all affected children (up to grade 12) who have lost one or both parents to the pandemic. Since then, the project has lent its support towards the school education of over 7,000 children from across 18 states and three union territories.

JMF SCHOLARS – ASHOKA UNIVERSITY:
Ashoka University, a pioneer offering courses in the Liberal Arts and Sciences, is a private university notified under the Haryana Private Universities Act 2006. The University, spread over 25 acres, offers undergraduate and postgraduate courses in Humanities & Social Sciences and Natural & Applied Sciences, with courses in research and doctoral studies. Ashoka University has one of the largest and most successful need-based financial aid programmes in the country, under which, over 5,000 students have been provided with need-based scholarships in the last 10 years. Often-times, these students belong to vernacular schools, hail from families where their parents work as daily wage labourers, farmers, motor loaders, domestic helps, earning an annual income of less than INR 2 – INR 3 Lakh per year. The project supports scholarship for tuition and residence fee of students pursuing their three years’ undergraduate studies at Ashoka University.

 

SHRI VARDHMAN NETRALAYA (MAITRI KARUNA NETRALAYA):
JM Financial Foundation has been conducting eye-camps in the blocks of Khaira and Sikandra in Jamui district, Bihar for the past three years consecutively. JMFF has screened over 2000+ patients for visual impairment, primarily including cataract, refraction, glaucoma infections and pterygium, among others. These camps are followed by providing cataract surgeries, spectacles and some referral services once a year. However, our reach has been limited, owing to lack of primary and tertiary eyecare facilities available in the district. Given this visible need, JMFF realized that nearly half of the visual impairments could be treated or prevented, if detected and addressed timely. We therefore committed ourselves to set up a hospital that would ensure providing eye-care services, not only to cure patients to the last mile, but also diagnose and treat preventable blindness in Jamui. JM Financial Foundation has with the help of JM Financial group of Companies, established an eye-care facility, named – Maitri Karuna Netralaya, in Patsanda Gram Panchayat, Gidhaur block of Jamui district, in FY 2022-23. The Netralaya has been set up on 9,000+ q. ft. of leased property, which was a non-functional hospital in a decrepit state. The Maitri Karuna Netralaya opened its doors to patients on January 23, 2023 and caters to patients from all three blocks of Khaira, Gidhaur and Sikandra as well as surrounding areas.

PROJECT SHIKSHA SAMARTHAN:
The COVID-19 Pandemic upended our lives in unforeseen ways, some of which have had a life-changing impact on thousands of lives and families all over the world. While each of these losses has been a traumatic one, some have left an indelible mark on the minds and hearts of young children who have lost a parent or both. This loss has not just led to an emotional drain but also made them vulnerable to quitting school, due to lack of adequate financial resources.

The Company joined hands with other companies of JM Financial group to initiate Project Shiksha Samarthan in May 2021, with the objective of restoring continuity in education for all affected children (up to grade 12) who have lost one or both parents to the pandemic. Since then, the project has lent its support towards the school education of over 7,000 children from across 18 states and three union territories.

JMF SCHOLARS – ASHOKA UNIVERSITY:
Ashoka University, a pioneer offering courses in the Liberal Arts and Sciences, is a private university notified under the Haryana Private Universities Act 2006. The University, spread over 25 acres, offers undergraduate and postgraduate courses in Humanities & Social Sciences and Natural & Applied Sciences, with courses in research and doctoral studies. Ashoka University has one of the largest and most successful need-based financial aid programmes in the country, under which, 5,600 students have been provided with need-based scholarships in the last 10 years. Often-times, these students belong to vernacular schools, hail from families where their parents work as daily wage labourers, farmers, motor loaders, domestic helps, earning an annual income of less than INR 2 – INR 3 Lakh per year. The project supports scholarship for for tuition and residence fee of students pursuing their three years’ undergraduate studies at Ashoka University.

JMF SCHOLARS – ASHOKA UNIVERSITY:
Ashoka University, a pioneer offering courses in the Liberal Arts and Sciences, is a private university notified under the Haryana Private Universities Act 2006. The University, spread over 25 acres, offers undergraduate and postgraduate courses in Humanities & Social Sciences and Natural & Applied Sciences, with courses in research and doctoral studies. Ashoka University has one of the largest and most successful need-based financial aid programmes in the country, under which, over 5,000 students have been provided with need-based scholarships in the last 10 years. Often-times, these students belong to vernacular schools, hail from families where their parents work as daily wage labourers, farmers, motor loaders, domestic helps, earning an annual income of less than INR 2 – INR 3 Lakh per year. The project supports scholarship for tuition and residence fee of students pursuing their three years’ undergraduate studies at Ashoka University.

MODEL VILLAGE DEVELOPMENT PROJECT:
The concept of a model village in India seems to be incomplete without agriculture being strengthened, given the dependence of rural households on land as an asset. Jamui district in Bihar is one such geography, which despite suffering from a monsoon-deficit, holds a high potential for farmers earning an increased livelihood through enhanced agriculture techniques and outputs. The project is designed and implemented with an aim of forging comprehensive development in the villages of Sikandra and Khaira blocks of Jamui. Our thrust areas include:

Our project has adopted an approach, involving farmers’ training, helping them pilot advanced agri-inputs and solutions, introducing scientific methods rooted in tradition and hand-holding them throughout.

PROJECT SHIKSHA SAMARTHAN:
The COVID-19 Pandemic upended our lives in unforeseen ways, some of which have had a life-changing impact on thousands of lives and families all over the world. While each of these losses has been a traumatic one, some have left an indelible mark on the minds and hearts of young children who have lost a parent or both. This loss has not just led to an emotional drain but also made them vulnerable to quitting their schools due to lack of adequate financial resources.

The Company joined hands with other companies of JM Financial group to initiate Project Shiksha Samarthan in May 2021, with the objective of restoring the continuity in education for all affected children (up to grade 12) who have lost one or both parents to the pandemic. Since then, the project has lent its support towards the school education of over 7,000 children from across 18 states and three union territories.

JMF SCHOLARS – ASHOKA UNIVERSITY:
Ashoka University, a pioneer offering courses in the Liberal Arts and Sciences, is a private university notified under the Haryana Private Universities Act 2006. The University, spread over 25 acres, offers undergraduate and postgraduate courses in Humanities & Social Sciences and Natural & Applied Sciences, with courses in research and doctoral studies. Ashoka University has one of the largest and most successful need-based financial aid programmes in the country, under which, over 5,000 students have been provided with need-based scholarships in the last 10 years. Often-times, these students belong to vernacular schools, hail from families where their parents work as daily wage labourers, farmers, motor loaders, domestic helps, earning an annual income of less than INR 2 – INR 3 Lakh per year. The project supports scholarship for tuition and residence fee of students pursuing their three years’ undergraduate studies at Ashoka University.

PROJECT BACHPAN:
Initiated in August 2017, Project Bachpan was born of a need felt and voiced by the community in Jamui, Bihar, to address undernutrition and poor learning outcomes visible among pre-school children in the age group of 3 to 6 years. The prime objective of this project was and remains to be, strengthening developmental milestones of these children, who are part of large families, where mouths to be fed far outnumber the hands that feed. The project is run through 12 learning centers (Balwadis), set up and operationalized in nine villages of Sikandra block, namely – Basbutti, Dhanimatari, Dhawatanr, Jagdishpur, Jansidih, Korasi, Lachhuar, Rajpura and Sabal Bigha – and three villages of Khaira block, namely – Gayghat, Kaploh, Titahiyan. These centers are run by locally appointed sevikas/sevaks (teacher-facilitators), assisted by sahayikas (assistant teachers), and boast of a desirable teacher-student ratio of 1:25. Children attend the Bachpan centers six days a week, for four hours each day, and learn with advanced Teaching Learning Materials (TLMs) including games, sing-songs and fun activities, inspired by the ICDS (Integrated Child Development Services scheme) guidelines. The children are fed one-time nutritious meals cooked voluntarily at the centres by their mothers, basis a pre-determined weekly menu, comprising locally sourced healthy ingredients. We envision setting up and running more such Bachpan centers in the coming years.

PROJECT SHIKSHA SAMARTHAN:
The COVID-19 Pandemic upended our lives in unforeseen ways, some of which have had a life-changing impact on thousands of lives and families all over the world. While each of these losses has been a traumatic one, some have left an indelible mark on the minds and hearts of young children who have lost a parent or both. This loss has not just led to an emotional drain but also made them vulnerable to quitting their schools due to lack of adequate financial resources.

The Company joined hands with other companies of JM Financial group to initiate Project Shiksha Samarthan in May 2021, with the objective of restoring the continuity in education for all affected children (up to grade 12) who have lost one or both parents to the pandemic. Since then, the project has lent its support towards the school education of over 7,000 children from across 18 states and three union territories.

JMF SCHOLARS – ASHOKA UNIVERSITY:
Ashoka University, a pioneer offering courses in the Liberal Arts and Sciences, is a private university notified under the Haryana Private Universities Act 2006. The University, spread over 25 acres, offers undergraduate and postgraduate courses in Humanities & Social Sciences and Natural & Applied Sciences, with courses in research and doctoral studies. Ashoka University has one of the largest and most successful need-based financial aid programmes in the country, under which, over 5,000 students have been provided with need-based scholarships in the last 10 years. Often-times, these students belong to vernacular schools, hail from families where their parents work as daily wage labourers, farmers, motor loaders, domestic helps, earning an annual income of less than INR 2 – INR 3 Lakh per year. The project supports scholarship for tuition and residence fee of students pursuing their three years’ undergraduate studies at Ashoka University.

JMF SCHOLARS – ASHOKA UNIVERSITY:
Ashoka University, a pioneer offering courses in the Liberal Arts and Sciences, is a private university notified under the Haryana Private Universities Act 2006. The University, spread over 25 acres, offers undergraduate and postgraduate courses in Humanities & Social Sciences and Natural & Applied Sciences, with courses in research and doctoral studies. Ashoka University has one of the largest and most successful need-based financial aid programmes in the country, under which, over 5,000 students have been provided with need-based scholarships in the last 10 years. Often-times, these students belong to vernacular schools, hail from families where their parents work as daily wage labourers, farmers, motor loaders, domestic helps, earning an annual income of less than INR 2 – INR 3 Lakh per year. The project supports scholarship for for tuition and residence fee of students pursuing their three years’ undergraduate studies at Ashoka University.