In the year 2013, India made CSR spending mandatory for bigger companies. Many organizations within the country were caught off-guard as they hastened to put together a semblance of CSR projects to pass muster.
Manappuram Finance Limited, India’s best-known gold loan NBFC, was something of an exception. The company was already well involved in the CSR sphere years before it become a law of the land. In 2009, the Manappuram Foundation came into being as a charitable trust to implement the CSR vision of the company under the inspirational Leadership of its Chief Patron and Managing Trustee Mr. V.P Nandakumar.
Manappuram works with the vision to make healthy, educated, and happy communities.
Over the last decade, the Manappuram Foundation has initiated many worthwhile projects focused mainly on health and quality educated for socially and economically deprived communities. The flagship project of the Foundation has been the “Janaraksha Manappuram Free Health Insurance Scheme” which was first rolled out in the year 2010. The government of India has recently rolled out a similar health insurance scheme in the 2018 budget “Ayushman Bharat”.
The plan provides free health insurance for around 20,000 BPL families in the coastal belt of the Trissur district. In the seven years that the scheme has run, an amount of nearly Rs. 11 Crores were reimbursed to beneficiaries. The Janaraksha Manappuram scheme has no age restrictions and covers a wide range of medical treatments. A number of similar schemes are presently in progress with the CSR funds of Manappuram Foundation.
We have been expanding our area of services since then and has reached out to the grass roots of the community through its various initiatives. The Foundation now manages two schools, various coaching centres for varied skills, yoga centres, Fitness and wellness centers and a sports complex with Badminton / Basketball courts and the Aquatic complex with state of the art Swimming pool. The Counselling & Psychotherapy centres offer Counselling and Psychotherapy services. It also has a fleet of 7 Ambulances equipped with the latest advanced medical support systems and services of experienced paramedics. All the services in these institutions are offered to the BPL community at subsidized rates.
The Foundation also has a professional team to cater to the various needs of the society and make meaning interventions in the community for its well-being. Homes for the homeless, Medical aid for the sick, Education assistance for the needy, need based services for the Differently abled and a plethora of community services are executed on a regular basis by this team.