The company reported a total spend of Rs. 81.14 Crores on Corporate Social Responsibility initiatives that spanned the delivery of COVID essentials during the second wave of the pandemic, education, healthcare, livelihood and skilling, and infrastructure initiatives along with sports development projects.
The Muthoot Group and its flagship company Muthoot Finance have always been actively involved in a plethora of CSR initiatives in domains like education, environment, sanitation, healthcare, medical aid, and financial aid for the betterment of society.
Muthoot Finance’s CSR activities helped more than 3.25 lakh underserved and needy people with food distribution and ration support, and around 53 thousand people were positively impacted through the healthcare initiatives alone. Initiatives extended and supported over 5000 unprivileged students by providing basic amenities, aid, and livelihood support to the weaker sections of society.
These initiatives have been implemented in association with many grass root level social organisations, including the National Association of Blind, Center for Blind Women & Disability Studies (New Delhi), Red Cross Society, Delhi Police Foundation for Education, Habitat for Humanity, The Earth Savior Foundation, Think Rise and Act Foundation, YMCA Mumbai amongst others.
In response to the pandemic, Muthoot Finance provided a 16-bedded COVID Hospital set up for Kanpur Police that helped around 7000 people. The Snehasaraya Mobile Medical Van provided COVID testing to more than 7100 individuals. Muthoot also offered a pick and dropped facility for COVID vaccinations to around 7200 people. They supported 15 hospitals in PAN India with medical equipment like beds and wheelchairs and also donated face masks, hand sanitiser, gloves and face shields to 94000 people.
Muthoot Finance supported the Indian Food Banking Network and provided food kits, nutrition kits and drinks packs to around 37000 people. Fifty families uprooted due to the demolition of the Yamuna Bank area in New Delhi were provided ration for three days. In association with ANAMARTIA Foundation, 7000 ready-to-eat food packets were distributed to the needy. More than 2.67 lakh underprivileged people were supported with a cooked and dry ratio.
Under the green initiatives, the company provided the National Association of Blind (NAB) India Centre for Blind Women & Disability Studies with 24 KW Solar Panels. Five hundred fruit saplings were distributed to 50 Tribal Farmers at Asegaon Mokhada, Palgarh District of Maharashtra.
Sponsorship for the education of 40 girls studying at Deepalaya Senior Secondary School, Gusbethi. They also distributed educational kits to 152 children with special needs. Initiatives were undertaken to promote education among slum children in the Delhi Cantt Slum area. Under this, 110 educational kits, including notebooks, geometry boxes, drawing books and 1lt steel water bottles (to reduce plastic bottle usage), were distributed to slum children.
As part of this initiative, 104 people benefitted from the distribution of wheelchairs to support their livelihood, enhance their skill sets and promote sports among differently-abled people.
To promote self-employment practices and sustainable livelihood, 5 Self Help Groups (SHG) were provided scanning machinery, raw material for papad, pickle, namkeen making & e-cart for transportation of SHG's products. Tricycles and manual cycle rickshaws were donated to weaker sections and migrants across regions in Punjab and Delhi.
Alexander George Muthoot, Joint Managing Director, The Muthoot Group, said, “To reach the marginalised sections of communities across the country, our CSR initiatives in 2021-2022 have been truly successful. We at Muthoot Finance understand our duties and responsibilities towards societal development. From the very start, we have been serving as a helping hand for the development of our society. We will continue to strengthen, empower, and uplift our society by playing our part in the overall development of our country and its people. We remain steadfastly committed to supporting weaker sections of our society through our continuous support.”
