The Finance Secretary
Shri Ashok Lavasa, who is also the Chairperson of the Swachh Bharat Kosh
(SBK), received today a cheque of Rs 25 crores towards the SBK by Shri
P.V. Ramesh Babu, CMD of Rural Electric Corporation (REC) Limited as
part of REC’s Corporate Social Responsibility (CSR). Shri Parmeshwaran
Iyer, Secretary, Ministry of Drinking Water and Sanitation and Shri
Vivek Joshi, Administrator, SBK and senior officers of REC were also
present on this occasion.
REC has also contributed Rs. 25 Crore towards this noble cause earlier
in August 2016, thus making a total contribution of Rs. 50 Crore to the
Kosh. Apart from this, the Corporation has also constructed 194 toilets
during the current fiscal. REC is committed to supporting the Government
of India’s mission for Swachh Bharat. As a responsible Corporate
Citizen, the cause of nation building has always been high on REC’s
priorities. As a step in this direction, REC had, during the FY 2014-15
and 2015-16, constructed a total of 12,292 toilets. These toilets are
spread across 33 districts in 6 states.
The SBK was set up to attract CSR funds from corporate sector and
contribution from individual philanthropists to achieve the objective of
Clean India (Swachh Bharat) through “Swachh Bharat Abhiyan” by the year
2019, the 150th year of birth anniversary of Mahatma Gandhi. The SBK is
to be used to achieve the objective of improving cleanliness levels in
rural and urban areas, including in schools. The allocation from the SBK
is being used to supplement departmental resources for such activities.
All donations towards Swachh Bharat Kosh are eligible for deduction of
100% from the total Income Tax. The contributions to SBK can also be
included by companies towards CSR under the Companies Act, 2013.
Rural Electric Corporation (REC) Limited is an enterprise of the
Government of India under the Ministry of Power, mandated to provide
financing for the power sector development across the value chain in the
field of generation, transmission, distribution and above all, renewable
energy development. REC is the coordinating agency for implementing
flagship programs of the government in power sector that include
Deendayal Upadhyaya Gram Jyoti Yojana scheme, the Ujwal DISCOM Assurance
Yojana (UDAY) programme and several other initiatives of the government
to ensure “Power for All”.