Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
InFocus Manufacturing

Infosys Foundation Announced Rs 1.5 Crore Reward to Push Innovation in Social Work

“Infosys Foundation has been working since last 22 years. We had less money but thanks to 2 per cent now, which is more money. Initially, whatever money was given we took care of basic things. We wanted to have an innovation award but you require a good amount for that. This year we decided to get into this area so that our innovators can get financial help,” Infosys Foundation Chairperson Sudha Murty said.

author-image
SMEStreet Desk
09 Oct 2018 04:09 IST

Follow Us

New Update
Infosys Foundation, Sudha Murty, Innovation, Social Work

Infosys Foundation announced Rs 1.5 crore reward to push innovation in social work following an increase in funds under the Government rules.

“Infosys Foundation has been working since last 22 years. We had less money but thanks to 2 per cent now, which is more money. Initially, whatever money was given we took care of basic things. We wanted to have an innovation award but you require a good amount for that. This year we decided to get into this area so that our innovators can get financial help,” Infosys Foundation Chairperson Sudha Murty said.

Under the Government rules, it is mandatory for certain categories of the company to spend, in every financial year, at least two per cent of the average net profits made during the three immediately preceding financial years, in pursuance of its corporate social responsibility (CSR) policy.

“Last 3-4 years, we have been getting 2 per cent which is Rs 340 crore. We have been able to handle 12 national disasters like floods in Kerala, drought in Karnataka, a hurricane in Andhra Pradesh,” Murty said.

Infosys Foundation, which is CSR arm of IT major Infosys, will select three individuals or non-government organisation and give them reward of up to Rs 50 lakh so that they can scale-up their work.

“The Aarohan Social Innovation Awards seek to recognise and reward individuals, teams or NGOs that are developing unique solutions for the social sector that have the potential to positively impact the underprivileged in India, at scale. The vision of these awards is to accelerate innovation in the social sector, and provide a platform to help these solutions scale,” Murty said.

Innovation Infosys Foundation Sudha Murty Social Work
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!