CSR Projects

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In accordance with the CSR activities enshrined in the CSR Policy (CSR Policy document enclosed) adopted by the Board pursuant to the provisions of Section 135 of the Companies Act 2013, JM Financial Institutional Securities Limited has supported the implementation of the following CSR projects through the company’s and the Group’s CSR arm – JM Financial Foundation (JMFF). The CSR Committee of the Board comprises of Ms. Dipti Neelakantan (Chairperson), Mr. Richard Liu (Member) and Mr. Samir Shah (Member).

INTEGRATED VILLAGE DEVELOPMENT PROJECT:

The Integrated Village Development Project (IVDP) has been undertaken with the objective of bringing about comprehensive development for seven villages of Mokhada block in Palghar district, by way of facilitating improvements in intertwined and interwoven aspects of resident rural and tribal communities’ lives. In order to achieve sustainable outcomes through our efforts, the project was implemented by way of a tripartite Public Private Partnership (PPP) with the Office of the Collector and District Magistrate, Palghar, Maharashtra.

Since 2018, the project has been working to bring well-rounded development by focusing on three core thrust areas: •Strengthening farmers livelihoods through agriculture enhancement – by following an approach of training farmers and SHG members, helping them pilot advanced agricultural and other inputs and solutions, • Water conservation, • Linking community to public entitlements – achieved by educating communities on government schemes and policies, enlisting their interests to apply for the same, pursuing their linkage through liaising with the relevant government officials and departments, and ultimately, handholding the beneficiaries to receive the benefits, timely.

INTEGRATED VILLAGE DEVELOPMENT PROJECT:

The Integrated Village Development Project (IVDP) has been undertaken with the objective of bringing about comprehensive development for seven villages of Mokhada block in Palghar district, by way of facilitating improvements in intertwined and interwoven aspects of resident rural and tribal communities’ lives. In order to achieve sustainable outcomes through our efforts, the project was implemented by way of a tripartite Public Private Partnership (PPP) with the Office of the Collector and District Magistrate, Palghar, Maharashtra.

Since 2018, the project has been working to bring well-rounded development by focusing on three core thrust areas: •Strengthening farmers livelihoods through agriculture enhancement – by following an approach of training farmers and SHG members, helping them pilot advanced agricultural and other inputs and solutions, • Water conservation, • Linking community to public entitlements – achieved by educating communities on government schemes and policies, enlisting their interests to apply for the same, pursuing their linkage through liaising with the relevant government officials and departments, and ultimately, handholding the beneficiaries to receive the benefits, timely.

PROJECT SHIKSHA SAMARTHAN:

The COVID-19 Pandemic upended our lives in unforeseen ways, some of which have had a life-changing impact on thousands of lives and families all over the world. While each of these losses has been a traumatic one, some have left an indelible mark on the minds and hearts of young children who have lost a parent or both. This loss has not just led to an emotional drain but also made them vulnerable to quitting their schools due to lack of adequate financial resources.

The Company joined hands with other companies of JM Financial group to initiate Project Shiksha Samarthan in May 2021, with the objective of restoring the continuity in education for all affected children (up to grade 12) who have lost one or both parents to the pandemic. Since then, the project has lent its support towards the school education of over 7,000 children from across 18 states and three union territories.

JMF SCHOLARS – ASHOKA UNIVERSITY:

Ashoka University, a pioneer offering courses in the Liberal Arts and Sciences, is a private university notified under the Haryana Private Universities Act 2006. The University, spread over 25 acres, offers undergraduate and postgraduate courses in Humanities & Social Sciences and Natural & Applied Sciences, with courses in research and doctoral studies. Ashoka University has one of the largest and most successful need-based financial aid programmes in the country, under which, over 5,000 students have been provided with need-based scholarships in the last 10 years. Often-times, these students belong to vernacular schools, hail from families where their parents work as daily wage labourers, farmers, motor loaders, domestic helps, earning an annual income of less than INR 2 – INR 3 Lakh per year. The project supports scholarship for tuition and residence fee of students pursuing their three years’ undergraduate studies at Ashoka University.