REC to Give Rs.1.63 Crore to Dr. Reddy Foundation for Livelihood Advancement of the Rural Youth

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INDIA CSR News Network

NEW DELHI: Rural Electrification Corporation Limited (REC) signed a MoU with Dr.Reddy Foundation (DRF)  for the generation of livelihoods through “REC-DRF-LABS” (Livelihood Advancement Business Schools) for training of 2400 rural-semi urban youth from economically weaker sections leading to their gainful employment. REC will be giving an assistance of Rs.1.63 Crore to Dr.Reddy Foundation (DRF) under this CSR initiative, in the first year.

On this occassion Rajeev Sharma, CMD REC and other senior executives, Vinod Behari, Executive Director HR-CSR signed MoU with Jeetendra Kalra, CEO, Dr. Reddy Foundation.

The project aims at providing skill development leading to livelihood and gainful employment to nearly 12000 youth largely from weaker section of society such as Below Poverty Line (BPL) etc. over a period of 5 years with an assured funding support of Rs.10 Crores approximately. The states chosen for the purpose are Chhattisgarh, Jharkhand, Eastern UP, Bihar, West Bengal and Odisha.

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Posted by indiacsr on Feb 22 2012. Filed under Corporate. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.