In FY 2021-22, Union Bank Social Foundation Trust (UBSFT), the CSR arm of Union Bank of India sanctioned 28 projects involving Rs 5.4736 crore in various sectors like education, health, community development, skill development etc.
UBSFT was set up in 2006 and was formed with the objective of supporting initiatives for social upliftment and improvement in the standard of living of the underprivileged. The main CSR activities of the Bank are now carried out through UBSFT.
Its board is headed by the bank’s chief executive officer and executive director, as well as the chief executive officer, vice-chairman of trustees, the bank’s chief executive officer and an independent trustee, among other trustees.
Some major major CSR projects undertaken by Union Bank Social Foundation Trust
- Supported District administration Udupi for setting up an Oxygen plant at the district hospital at a cost of Rs. 46.25 lacs for treating COVID 19 patients.
- Supported National Health Mission Ranchi for purchasing one Ambulance at a cost of Rs. 19.21 lacs for transportation of patients.
- Supported Mangalore Jesuit Education Society for procuring educational research equipment for St. Aloysius College, Mangaluru at a cost of Rs. 25.00 lacs.
- Supported King George Hospital, Visakhapatnam for procuring one Doppler machine at a cost of Rs 29.50 lacs.
- Supported Akshayapatra Foundation, Bangalore for purchase of two food distribution vehicles (custom built) for supporting food distribution (mid day meal scheme) to schools at Mangalagiri, Vijayawada at a cost of Rs. 23,36,320/-.
“Union Bank of India is committed to its role as a responsible corporate entity not only by adopting ethical business practices but also contributing towards economic development beyond its statutory obligations. Bank fully realizes its social responsibility to improve the quality of life of the local community and society at large.”, the bank said.