At Shubham Housing Finance, we intend to make a positive difference in society and contribute our share towards the social cause for the betterment of society. We support social projects that are consistent with our CSR policy.
Our Corporate Social Responsibility Policy (“Policy”) was initially formulated on November 10, 2016, based on the recommendation of our CSR committee and followed by the approval of the Board of Directors of the Company. After that, the Policy was reviewed and revised from time to time. The Policy aligns with the provisions of Corporate Social Responsibility under Section 135 of the Companies Act, 2013 read with Companies (Corporate Social Responsibility Policy) Rules, 2014, and Schedule VII of the Companies Act, 2013.
The Policy lists the criteria for identifying programs eligible to be sponsored by the Company under CSR. Programs that are eligible in accordance with the Act and are consistent with the CSR themes of the Company are picked up by us for sponsoring.
CSR themes of the Company mainly include:
1. Health.
2. Education with a special focus on special needs children/girls.
3. Measures for reducing inequalities faced by socially and economically backward groups.
CSR programs and estimated expenditures with other details are recommended by the CSR Committee to the Board for approval. All CSR programs are monitored periodically, and status report is placed in the CSR Committee. Our full CSR policy is uploaded on our website.
Sanshil Foundation (Gurgaon) has been chosen as our first execution partner. Sanshil led by Shilpa Sonal which is working to provide access to quality education to the girl child from BPL/EWS category by enabling them to be “regular school” ready. They currently host about 300 students in their centres and Gurgaon & Noida. Over 100 students have been mainstreamed into regular schools making their academic pursuits.
To begin with, Shubham has taken up the responsibility to mainstream 50 girl students through its monetary and non-monetary contributions. The association was kicked off during Diwali when several Shubham employees joined the students in rangoli and diya making activities. We are quite exciting at the opportunities ahead for all of us at Shubham to make real difference.
Supporting differently abled children from under-privileged families through Asha Hai (NGO Partner)
In India, cerebral palsy and autism remain a significant challenge, especially for underprivileged families, who struggle to access essential medical facilities. Many parents faced with overwhelming financial and logistical barriers are unable to afford the specialized care and therapies their children desperately need. This situation further gets exacerbated when the families’ situation is not financially conducive, thereby rendering such children marginalized and isolated members of society.
Realizing this need, Shubham Housing Finance has partnered with Asha Hai in the last more than 5 years. Through Asha Hai, Shubham Housing Finance bears the cost of developmental/intervention therapies for special needs children to develop their mental abilities. Intervention by Shubham Housing Finance is helping these kids to improve their social and emotional abilities and thereby allowing them to contribute to society. These developmental therapies comprise of behavior therapy, music therapy, speech therapy, psychotherapy, and occupational therapy as well as tailored special education programs.
