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General Management Article | "Corporate Social Responsibility - In Reference To Andhra Bank"

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Corporate Social Responsibility - In Reference To Andhra Bank

- by Prof. T. Srinivasa Rao *

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Page - 3

CSR Activities by Andhra Bank

Being an integral part of society, Bank is aware of its corporate social responsibilities and has engaged in community and social investments. During the year, Bank has taken many initiatives with the objective of providing philanthropic assistance for development, education etc.

  • Under the aegis Andhra bank rural development trust bank is imparting training to youth in rural and semi urban areas so that poor people can take up self employment ventures. They also conduct vocational and human resource development training. So far they have provided training to 71,666 participants.

  • The bank has taken initiatives for including more people from the marginalized and down trodden sections into the banking system. The bank has already implemented financial inclusions in districts of Orissa and Andhra Pradesh.

  • During the year '07-08' the bank has adopted Gundugolanu village in Andhra Pradesh for improving health, sanitation, education facilities with a comprehensive budget of 5.50 cr.

  • The bank is setting up a school in the campus of Andhra University in Vishakhapatnam.

  • Along with the Andhra Pradesh Government and NABARD, it has set up APBIRED for providing training to unemployed youth for improving their skills.

  • In the year 2007-2008, the bank has donated 2.14 cr to various trusts and NGOs.

  • Under the aegis of Andhra Bank Rural Development Trust, Bank is imparting training to youth in rural and semi-urban areas so that the poor people can take up self-employment ventures. This also conducts various vocational and human resource development training programmes. So far, training has been imparted to 71,666 participants in self-employment ventures and in capacity building.

  • The Bank has taken initiatives towards implementing financial inclusion in some of the districts for bringing more and more people of the marginalized and the downtrodden sections into banking system.

  • The Bank has already implemented 100% financial inclusion in the districts of Srikakulam (Andhra Pradesh) and Ganjam (Orissa). During the year 2007-08, Bank has adopted the Gundugolanu village in the district of West Godavari in Andhra Pradesh tor improving health, sanitation, education and social service facilities in the village, with a comprehensive budget of Rs. 5.50 crore.




    • * Contributed by: -
    Prof. T. Srinivasa Rao has done M.Com, M.Phil. ICWAI (F) & EMBA. Also has Diploma in Export Management. He is currently working as Lecturer in Commerce at Andhra Loyola College Vijayawada, Andhra Pradesh.

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