NHB Registered

U67120RJ1995PLC009580

MENTOR HOUSE, GOVIND MARG, SETHI COLONY, JAIPUR,

RAJASTHAN – 302004, Tel : 0141 – 2611999, 8946800800 Email:-

info@mentorloans.co.in,Website: www.mentorloans.co.in

1

Mentor Home Loans India Limited: CSR Policy

CORPORATE SOCIAL RESPONSIBILTY (CSR)

POLICY

Revision

History

:

Effective From

19

th

August, 2017

NHB Registered

U67120RJ1995PLC009580

MENTOR HOUSE, GOVIND MARG, SETHI COLONY, JAIPUR,

RAJASTHAN – 302004, Tel : 0141 – 2611999, 8946800800 Email:-

info@mentorloans.co.in,Website: www.mentorloans.co.in

2

Mentor Home Loans India Limited: CSR Policy

CORPORATE SOCIAL RESPONSIBILITY POLICY

(The Policy is formulated as per directive of NHB)

1. Backgound

The Company's Act, 2013 has made it compulsory for Companies to carry out Corporate

Society Responsibility CSR) activities. The Government of India, on February 27, 2014, notified

provisions and corresponding Rules pertaining to CSR.

Corporate Social Responsibility is a Company's sense of responsibility towards the community

and environment in which it operates. It is the continuing commitment by business to behave

ethically and contribute to economic development of the society at large.

MHIL is committed to remain a responsible corporate entity mindful of its social responsibilities

and to make a positive impact in the society.

2. Scope

The CSR Policy applies to the formulation, execution, monitoring, evaluation, and

documentation of CSR activities in the target locations, in and around Company’s offices.

3. Aims and Objectives

As a responsible corporate entity, MHIL will consistently strive for opportunities to meet the

expectation of its stakeholders by pursuing the concept of sustainable development with focus

on the following:-

To take up programmes that benefit the communities where it operates in enhancing the quality

of life & economic well-being of the local populace.

NHB Registered

U67120RJ1995PLC009580

MENTOR HOUSE, GOVIND MARG, SETHI COLONY, JAIPUR,

RAJASTHAN – 302004, Tel : 0141 – 2611999, 8946800800 Email:-

info@mentorloans.co.in,Website: www.mentorloans.co.in

3

Mentor Home Loans India Limited: CSR Policy

To serve the socially and economically weak, disadvantaged, underprivileged, & destitute

sections of the Society regardless of age, class, colour, culture, disability, ethnicity, family

structure, gender, marital status, nationality origin, race or religion with intention to make the

group or individual self-dependent and live life more meaningfully.

To extend humanitarian services in the community to further enhance the quality of life like

health facilities, education, and basic infrastructure facilities to areas that have so far not been

attended to.

To generate, through its CSR initiatives, a community goodwill for MHIL and help reinforce a

positive & socially responsible image of MHIL as a corporate entity.

4. Activities under Corporate Social Responsibility

MHIL would endeavour to adopt an integrated approach to address the community, societal &

environmental concerns by taking up projects or programs relating to the following activities:

(i) Eradicating hunger, poverty and malnutrition, promoting preventive health care and

sanitation and making available safe drinking;

(ii) Promoting education, including special education and employment enhancing vocation skills

especially among children, women, elderly, and the differently abled and livelihood

enhancement projects;

(iii) Promoting gender equality, empowering women, setting up homes and hostels for women

and orphans, setting up old age homes, day care centers and such other facilities for senior

citizens and measures for reducing inequalities faced by socially and economically backward

groups;

(iv) Ensuring environmental sustainability, ecological balance, protection of flora and fauna,

animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil,

air and water;

(v) Protection of national heritage, art and culture including restoration of buildings and sites of

historical importance and works of art; setting up public libraries; promotion and development of

traditional arts and handicrafts;

(vi) Measures for the benefit of armed forces veterans, war widows and their dependents;

(vii) Training to promote rural sports, nationally recognized sports, Paralympic sports and

Olympic sports;

(viii) Contribution to the Prime Minister's National Relief Fund or any other fund set up by the

Central Government for socio-economic development and relief and welfare of the Scheduled

Castes, the Scheduled Tribes, other backward classes, minorities and women;

NHB Registered

U67120RJ1995PLC009580

MENTOR HOUSE, GOVIND MARG, SETHI COLONY, JAIPUR,

RAJASTHAN – 302004, Tel : 0141 – 2611999, 8946800800 Email:-

info@mentorloans.co.in,Website: www.mentorloans.co.in

4

Mentor Home Loans India Limited: CSR Policy

(ix) Contributions or funds provided to technology incubators located within academic

institutions which are approved by the Central Government;

(x) Rural development projects;

(xi) Slum development projects;

(xii) Such other activities as are allowed under Section 135 of the Act read with the Rules.

5. Locations/Geography of CSR Activities

The CSR activities will be primarily taken up in the State / District of MHIL’s offices. Apart from

these areas, CSR activities may also be taken up in urban, rural and tribal communities,

wherein social engagement by MHIL is warranted as per needs assessment.

6. Undertaking CSR activities

The CSR activities will be carried out either by MHIL itself or through MHIL Foundation, HT

Parekh Foundation - a Foundation set up by the parent Company - HDFC Limited and/or any

other Not for Profit Organizations, which have established track record of services,

performance and accountability (collectively hereafter referred to as "Partnering

Organizations").

7. Implementation Mechanism

While identifying the CSR activities, MHIL and Partnering Organization would consider the

following broad parameters while selection of projects or programs:

7.1 Preference could be given to the local areas and States where MHIL has its offices.

7.2 CSR activities could be undertaken as projector program rather than in the form of

donation, so as to create social impact and visibility.

8. Budget for CSR activities

8.1 The CSR Committee shall, after the end of each financial year, recommend to the Board,

the amount of expenditure to be incurred on the CSR activities.

8.2 The amount of such expenditure shall not be less than 2% of the Average Net Profits of

MHIL made during the three immediately preceding financial years.

8.3 MHIL may build CSR capacities of its own personnel as well as those of their implementing

Partnering Organizations but such expenditure shall not exceed 5% of the total CSR

expenditure of the Company in one financial year.

NHB Registered

U67120RJ1995PLC009580

MENTOR HOUSE, GOVIND MARG, SETHI COLONY, JAIPUR,

RAJASTHAN – 302004, Tel : 0141 – 2611999, 8946800800 Email:-

info@mentorloans.co.in,Website: www.mentorloans.co.in

5

Mentor Home Loans India Limited: CSR Policy

8.4 All administrative expenses including expenditure on wages and salaries, tours and travels,

training and development of personnel deputed on CSR activities would be included in the

amount of expenditure to be incurred on CSR activities.

8.5 The expenditure on CSR activities shall include all expenditure on projects or programs

relating to CSR activities, but does not include any expenditure on an item not in conformity or

not in line with CSR activities.

8.6 CSR Committee will arrive at the focus areas, set priorities, define the profile of the

partnering organisation and the territory of activities on which the approved budget will be

based. The Managing Director of MHIL would be authorized to allocate funds for different

projects on the basis of identified CSR plans on yearly basis.

9. Monitoring Process of CSR Policy

9.1 A group of members at Corporate Office would be identified for coordinating CSR activities

and related responsibilities.

9.2 The implementation and progress of CSR activities shall be regularly monitored by MHIL

management, preferably on a quarterly basis.

9.3 The CSR Policy shall be reviewed and activities monitored by the CSR Committee from

time to time, at least once in six months.

9.4 The CSR Committee would also provide feedback and inputs to formulate and improve the

projects or programs, from time to time, as per need and requirement.

10. Reporting

10.1 A half yearly report on activities / projects identified / implemented shall be submitted to

CSR Committee.

10.2 The Board of Directors of MHIL will also be kept informed, from time to time, on the CSR

activities undertaken by MHIL.

10.3 Based on the monitoring reports, the activities undertaken by MHIL will form part of the

Board’s Annual Report of MHIL.

11. General

11.1 The surplus arising out of CSR projects or programs shall not form part of the business

profits of MHIL.

11.2 Any amendment or modification to the CSR Policy shall be approved by the Board on the

recommendation of CSR Committee.

NHB Registered

U67120RJ1995PLC009580

MENTOR HOUSE, GOVIND MARG, SETHI COLONY, JAIPUR,

RAJASTHAN – 302004, Tel : 0141 – 2611999, 8946800800 Email:-

info@mentorloans.co.in,Website: www.mentorloans.co.in

6

Mentor Home Loans India Limited: CSR Policy

11.3 The contents of this Policy shall be disclosed in the Board’s report and same shall also be

displayed on the website of the Company.

12. Modification of policy

The Board of Director of company provide for periodical review of the compliance at various

levels of management. A consolidate report of such reviews (if required) may be submitted to

the Board at regular intervals, as may be prescribe by it.

The Company reserves to itself the right to alter/delete/add to these codes at any time without

prior individual notice and such alterations /deletion/addition shall be binding

Pawan Kumar Goyal

Managing Director

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