Corporate Social Responsibility Policy


Shubham Housing Development Finance Company Limited (‘SHUBHAM’ or ‘the Company’) believes that in the strategic context of business, enterprises possess, beyond mere financial resources, the transformational capacity to create game-changing development models by unleashing their power of entrepreneurial vitality, innovation and creativity. In line with this belief, SHUBHAM will continue crafting unique models to generate livelihoods and environmental capital. Such Corporate Social Responsibility ("CSR") projects are far more replicable, scalable and sustainable, with a significant multiplier impact on sustainable livelihood creation and environmental replenishment. These initiatives are independent of the normal conduct of SHUBHAM business. Programs, projects and activities (collectively "CSR Programs") carried out in this regard are the subject matter of this Policy. The Company’s focus has always been to contribute to the sustainable development of the society, environment, and to make our planet a better place for future generations.


SHUBHAM CSR Policy intends to:

  • Strive for economic development that positively impacts the society at large with minimal resource footprint.
  • Embrace responsibility for the Company’s actions and encourage a positive impact through its activities on hunger, poverty, malnutrition, environment, communities, stakeholders and the society.
  • Housing – Shubham will want to drive research in low cost housing solutions as well as material and may provide financial assistance to such firms which are involved in such activities.


In accordance with the requirements under the Companies Act, 2013, SHUBHAM CSR activities, amongst others, will focus on:

  • HUNGER, POVERTY, MALNUTRITION AND HEALTH: Eradicating extreme hunger, poverty and malnutrition, promoting preventing healthcare and sanitation and making available safe drinking water.
  • EDUCATION: Promoting educating, including special education and employment-enhancing vocational skills especially among children, women, elderly and the differently abled, and livelihood enhancement projects; monetary contributions to academic institutions for establishing endowment funds, chairs, laboratories, etc., with the objective of assisting students in their studies.
  • RURAL DEVELOPMENT PROJECTS: Strengthening rural areas by improving accessibility, housing, drinking water, sanitation, power and livelihoods, thereby creating sustainable villages.
  • GENDER EQUALITY AND EMPOWERMENT OF WOMEN: Promoting gender equality and empowering women; setting up homes, hostels and day care centers for women and orphans; setting up old age homes and such other facilities for senior citizens; and adopting measures for reducing inequalities faced by socially and economically backward groups.
  • ENVIRONMENTAL SUSTAINABILITY: Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro-forestry, conservation of natural resources and maintaining the equality of soil, air and water.
  • NATIONAL HERITAGE, ART AND CULTURE: Protecting national heritage, art and culture including restoration of buildings and sites of historical importance and work of art; setting up public libraries; promoting and developing traditional art and handicrafts.
  • Housing: Shubham will want to drive research in low cost housing solutions as well as material and may provide financial assistance to such firms which are involved in such activities.


SHUBHAM will undertake its CSR activities, approved by its CSR Committee, through the entity/organization as approved by the CSR Committee.

The surplus arising out of the CSR activities, projects or programs shall not form part of the business profit of the Company.


The CSR Committee will decide on the location for CSR activities.


Our goals include the following:

Sl. No. Goal Area Actions
1 Hunger, Poverty, Malnutrition and Healthcare SHUBHAM will work with various Non-Profit Organizations that mid-day meal programs in school across India and may establish kitchens that provide meals to school children.

SHUBHAM will work with organizations working in medical or health-related projects such as providing support for cancer treatment, cataract surgeries, etc.
2 Education SHUBHAM focus on education will be on two fronts:
  1. To train students from under privileged backgrounds in its various development centers.
  2. Provide grants to various colleges in India for improving their infrastructure. Sponsor chairs and create endowment funds for the colleges/universities to assist students with their studies.
3 Rural Development We believe that the well-being of people living in rural areas ensures sustainable development. We will work with local administrations to achieve community developments goals. We will partner with governments and NGOs and support them in improving infrastructure such as constructing roads, providing drainage systems and electricity, and rehabilitating natural-disaster-affected victims in rural areas.
4 Gender equality, environmental sustainability, art and culture SHUBHAM will, among other things, focus on promoting gender equality and empowering women, ensuring environmental sustainability, ecological balance, protection of flora and fauna and protection of national heritage, art and culture including restoration of buildings and sites of historical importance.
5 Housing SHUBHAM will want to drive research in low cost housing solutions as well as material and may provide financial assistance to such firms which are involved in such activities.


The Corporate Social responsibility Committee as constituted for the purpose, by the Board of Directors of the Company.


The responsibilities of the CSR Committee include:

  • Formulating and recommending to the Board of Directors the CSR Policy and indicating activities to be undertaken.
  • Recommending the amount of expenditure for the CSR activities, and
  • Monitoring CSR activities from time to time.


The Contribution by the Company in any financial year towards CSR Activities shall be a minimum of 2 % of its average Net Profits for three immediately preceding financial years.


The Company through a registered trust, Section 8 Company or a registered society can undertake CSR activities as per the provisions of the Companies Act, 2013. Accordingly, such other entity will work closely with and support the Board and the CSR committee in implementing CSR activities of the Company. Such other entity will assist the CSR committee in identifying the areas of CSR activities, programs and execution of initiatives as per defined guidelines. Such other entity will also assist the Board and the CSR Committee in reporting the progress of deployed initiatives and in making appropriate disclosures (internal/external) on a periodic basis.


Such other entity will receive requests for funding projects throughout the calendar year. The panel of experts of SHUBHAM will evaluate proposals received and projects will be prioritized by assessing their impact. Such other entity will then forward its recommendations to the CSR Committee. The CSR Committee will deliberate on the proposals and approve proposals for implementation at its discretion.

SHUBHAM representatives and such other entity will collaborate with stakeholders to monitor the statue of each project and will report its findings to the CSR Committee periodically.


The Committee shall from time to time explore the ways and means whereby improvements that need to be brought about towards the discharge of CSR by the Company are identified and steps taken to ensure that measures necessary to effectuate the areas of improvements so identified are taken in the right earnest.