India’s leading Non Banking Financial Company (NBFC), Power Finance Corporation Ltd (PFC) has signed a Memorandum of Association(MoA) with District Administration of Siddharthnagar, Uttar Pradesh(UP) to construct 2 Modular Operation Theatre Rooms in the District Hospital, Siddharthnagar.
Financial assistance
As per the MoA, PFC will provide financial assistance of about Rs 94 Lakhs for the implementation of the project under its Corporate social responsibility (CSR) initiative
Signing of MoA
Shri M. Prabhakar Das, Chief General Manager-CGM (CSR&SD), PFC and Dr. Dinesh Kumar Chaudhary, Dy. CMO, Siddharthnagar signed the agreement on behalf of respective organizations.
Key Info about MoA
i.This MoA will provide necessary support to the Siddharthnagar District Administration to develop the necessary infrastructure to reduce the infant mortality rate (IMR) and maternal mortality rate (MMR) in the catchment area.
ii.The infrastructural development will also help to minimise the Neonatal Mortality Rate (NMR) in the adjoining areas of the district.
Recent MoA signed by PFC:
Recently, PFC has also signed MoA with Indian Institute of Technology(IIT) Kanpur for training, research, and entrepreneurship development in smart grid technology.
Under this, PFC will provide financial assistance of Rs 2,38,97,000 to IIT-Kanpur under its CSR initiative.
Recent Related News:
i.Chief Minister of UP, Yogi Adityanath launched “Navin Rojgar Chhatri Yojana” for Scheduled Castes.
ii.Uttar Pradesh government implements ‘Mukhyamantri Krishak Durghatna Kalyan Yojana’ for the state’s farmers
About PFC:
It is a Schedule-A Navratna Central Public Sector Enterprises(CPSEs). It is under the administrative control of the Ministry of Power.
Head Office– New Delhi, India
Chairman & Managing Director– Shri Ravinder Singh Dhillon
About UP:
Capital– Lucknow
Chief Minister– Yogi Adityanath
Governor– Anandiben Mafatbhai Patel
