On October 29, 2019, The President of India, Mr Ram Nath Kovind conferred the 1st Edition of National Corporate Social Responsibility Awards (NCSRA) for 2019 along with Finance Minister Smt Nirmala Sitharaman in New Delhi. The jury recommended 19 winners and 19 honourable mentions across the 3 award categories, out of the 528 entries received for NCSRA.
Edelweiss Financial Services bags National CSR Award
Edelweiss Financial ServicesNSE 4.13 % Ltd was conferred with the National CSR Award 2018 for excellence in corporate social responsibility. Chairman and CEO of Edelweiss Group Rashesh Shah received the award from President Ram Nath Kovind. Edelweiss Group set up its philanthropic initiative EdelGive Foundation in 2008.
i. Categories: The 3 main categories were Corporate Awards for Excellence in CSR sub divided into 4- Companies have eligible CSR Spend above 100 crores; Spend between 10 crores and 99.99 crores; Spend between 1 crores and 9.99 crores and Spend below 100 crores; plus four honourable mentions. Second category was Corporate Awards in CSR in Challenging Circumstances: (up to five awards) plus five honourable mentions and third category; Contribution of CSR in National Priority Areas plus 11 Honorable Mentions of companies which have undertaken appreciable CSR activities.
About the Award:
The NCSRA has been instituted by the Ministry of Corporate Affairs to recognize outstanding contribution in the field of Corporate Social Responsibility (CSR) to achieve inclusive growth and inclusive and sustainable development. These awards are the highest recognition in the domain of CSR by the Government of India and were instituted in 2017 subsequent to the recommendations of the High Level Committee on CSR.