Reliance Foundation Helps Millions Across India with CSR Initiatives
Reliance Industries Limited, through its philanthropy arm Reliance Foundation, has maintained its position as India’s largest corporate philanthropy. In the financial year 2023-24, Reliance contributed Rs 1,592 crores to various impactful CSR initiatives, bringing its three-year cumulative CSR spend to over Rs 4,000 crore.
Key Areas of Impact
Rural Transformation
Reliance Foundation has enhanced the lives of over 2.6 million people through agricultural livelihood programs and reached 3.7 million people with knowledge and information advisories.
Healthcare
In 2023-24, the foundation provided over 710,000 consultations through Mobile Medical Units and the Sir H. N. Reliance Foundation Hospital and Research Centre.
Education
The foundation supports education from early childhood to higher education. In 2023, the Nita Mukesh Ambani Junior School was unveiled in Mumbai.
Women Empowerment
Reliance Foundation, in partnership with the Bill & Melinda Gates Foundation, empowered 346,000 rural women entrepreneurs in FY 2023-24.
Sports for Development
The foundation aims to strengthen India’s sports ecosystem and develop grassroots talent. It launched the Olympic Values Education Programme (OVEP) to encourage children’s participation in sports.
Arts, Culture, and Heritage
Reliance Foundation promotes India’s rich arts, culture, and heritage. It showcased artisans at the Nita Mukesh Ambani Cultural Centre and is renovating the Kalighat Temple in Kolkata.
Mukesh Ambani’s Leadership
For the fourth consecutive year, RIL Chairman Mukesh Ambani drew no salary, setting an example in the corporate world. He has not taken any remuneration since June 2020, in light of the COVID-19 outbreak.
Doubts Revealed
Reliance Foundation -: Reliance Foundation is a charitable organization started by Reliance Industries Limited to help people in India with various needs like healthcare, education, and more.
CSR -: CSR stands for Corporate Social Responsibility. It means that companies like Reliance do good things for society, like helping poor people or protecting the environment.
Rs 1,592 crores -: Rs 1,592 crores is a very large amount of money. One crore is equal to 10 million rupees, so 1,592 crores is 15,920 million rupees.
Rural transformation -: Rural transformation means making villages and small towns better places to live by improving things like farming, water supply, and roads.
Mukesh Ambani -: Mukesh Ambani is a very rich and famous businessman in India. He is the chairman of Reliance Industries Limited.
RIL -: RIL stands for Reliance Industries Limited, which is one of the biggest companies in India. They do many things like making oil, gas, and even running stores.
