annual-report-FY2020

88 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS (c) Manner in which the amount spent during the financial year is detailed below: Sr. No. CSR Project or Activity Identifed Sector in which the project is covered (As in Schedule VII) Projects or programs 1) Local area or others 2) Specify the state and district where projects or programs was undertaken Amount Outlay (Budget) Project or program wise (Rs. in crores) Amount spent on the project or program Subheads: 1) Direct expenditure on projects or programs 2) Overheads (Rs. in crores) Cumulative Expenditure upto the reporting period (Rs. in crores) Amount spent: Direct or through implementing agency 1. NANHI KALI – Provides educational support (material & academic) to underprivileged girls in India through an after school support program. Every girl is provided with 360-degree support which includes daily academic support and an annual school supplies kit. Girls in secondary school are also given access to digital tablets, pre-loaded with audio-visual educational content, and additional material support including feminine hygiene material so that they can attend school with dignity. Through regular engagements with the families of the girls and sensitisation of community stakeholders, the project aims to create conducive girl friendly eco-systems. In FY20, the project supported the education of 1,74,681 girls. Of these 14,462 girls were supported by your Company, while the Mahindra Group as a whole supported 67,337 girls. The balance girls are supported by individuals and other corporates. Promoting Education Others – Across 9 states including: Andhra Pradesh, Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Punjab, Tamil Nadu, Uttar Pradesh, West Bengal 16.45 16.45 16.45 Through implementing agencies – K. C. Mahindra Education Trust & Naandi Foundation 2. MAHINDRA SCHOLARSHIPS FOR UWC STUDENTS – Scholarships to enable deserving students to study at Mahindra United World College of India. Promoting Education Others – Pune, Maharashtra 3.00 3.00 3.00 Through implementing agency – Mahindra United World College of India 3. RESEARCH PROJECTS OF THE INDIAN COUNCIL ON GLOBAL RELATIONS – Public policy research and knowledge generation on pressing national issues. Promoting Education Local – Mumbai, Maharashtra 1.50 1.50 1.50 Through implementing agency – Indian Council on Global Relations