Corporate Social Responsibility (CSR) Policy for Udaanpe Infoserve India

1. Introduction

1.1 Udaan Philosophy: Empowering Rural India through Financial Technology

At Udaan, we are committed to empowering rural India by promoting the accessibility of financial technology with simple and efficient solutions, contributing to the development of a digital Bharat. We uphold our responsibility to the environment and society.

2. CSR in India

Corporate bodies in India have long been involved in CSR activities, and the Companies Act, 2013 has now brought it under the legal purview. CSR is introduced through a "Comply-or-Explain" mandate, which requires qualifying companies to constitute a Corporate Social Responsibility Committee to monitor CSR activities. The Companies (Corporate Social Responsibility Policy) Rules, 2014, provide the framework for carrying out CSR activities specified in Schedule VII of the Act.

3. Objective and Scope

3.1 Objective:

The main objective of the CSR Policy is to lay down guidelines for Udaanpe Infoserve India (the Company) to make CSR one of the key focus areas. This aligns with global interests in environment and society, emphasizing a positive contribution to society through impactful and sustainable development programs. The policy covers proposed CSR activities, ensuring compliance with Schedule VII of the Act, and includes strategies for future CSR endeavors.

3.2 Scope & Coverage:

The CSR activities of the Company include, but are not limited to, any sectors/activities prescribed by Schedule VII of the Companies Act, 2013. The Company may review, add, delete, or clarify these sectors/activities from time to time.


3.1 Constitution:

Pursuant to Section 135 of the Act, the Board of Directors constitutes the Corporate Social Responsibility (CSR) Committee. The Committee consists of at least two or more Directors. The current constitution of the CSR Committee is as follows:

S. No. Name of the member Designation in committee Designation
1 Shantanu Anand CEO CEO

3.2 Functions and Powers of Committee:

5. Meetings of the Committee


As per the Companies Act, 2013, qualifying companies must allocate a portion of their annual net profits during the three immediately preceding financial years for CSR activities falling under Schedule VII of the Act.

6.1 CSR Expenditure:

The CSR expenditure includes all expenses, including contributions to corpus or projects/programs related to CSR activities approved by the Board on the recommendation of the CSR Committee. It does not include expenditures on items not in line with Schedule VII activities.

6.2 Failure to Spend CSR Money:

If the Company fails to spend the required CSR amount in a financial year, the CSR Committee must submit a report to the Board specifying the reasons for non-compliance. This report shall be included in the Board's Annual Report for that Financial Year. Any surplus arising from CSR projects or activities does not form part of the Company's business profit.


In accordance with Schedule VII of the Companies Act, 2013, the Company shall undertake various CSR activities included in its Annual CSR Plan, recommended by the CSR Committee at the beginning of each year. The Committee has the authority to approve modifications to the Annual CSR Plan or propose new programs during the financial year.

The activities specified under Schedule VII, as of the date of this policy, include but are not limited to:

  1. Eradicating hunger, poverty, and malnutrition, promoting healthcare, and sanitation.
  2. Promoting education, vocational skills, and livelihood enhancement projects.
  3. Empowering women, setting up facilities for senior citizens, and reducing inequalities faced by socially and economically backward groups.
  4. Ensuring environmental sustainability, protection of flora and fauna, conservation of natural resources, and contributions to funds for environmental rejuvenation.
  5. Preservation of national heritage, art, and culture, including restoration projects and support for traditional art and handicrafts.
  6. Benefitting armed forces veterans, war widows, and their dependents.
  7. Promoting sports and contributing to national relief and welfare funds for socio-economic development.

Certain activities, such as those undertaken in the normal course of business, those outside India (excluding training Indian sports personnel representing states or the country at the national or international level), contributions to political parties, and those benefitting company employees, are not considered CSR activities.

8. Annual CSR Plan

The Annual CSR Plan outlines CSR activities to be presented to the Board of Directors based on the CSR Committee's recommendations. It includes the following aspects:

9. Collaboration

The CSR Rules allow the Company to collaborate with other Companies or associations for implementing CSR activities, subject to approval by the CSR Committee. Such collaborations become part of the Annual CSR Plan.

10. CSR Budget

The CSR budget for projects is decided as part of the Annual Operating Plans, aligned with CSR goals and priorities identified by the CSR Committee for each key focus area.

11. Reporting and Publication of CSR Policy

The contents of the CSR Policy are included in the Directors' Report and displayed on the Company's website, if available, as per the CSR Rules.

12. Monitoring Mechanism

An Internal Working and Monitoring Team comprising of employees of the Company will be responsible for effective implementation and monitoring of approved CSR projects. The team includes:

The Internal Working and Monitoring Team shall submit reports to the CSR Committee at least once every six months on the progress of various CSR projects.

13. Policy Review and Future Amendment

The administration of the CSR Policy and execution of CSR projects shall be carried out under the control and overall supervision of an internal monitoring group. At the time of forming this policy, the internal monitoring group consists of:

The internal monitoring group will submit reports every six months to the CSR Committee, which will monitor the CSR Policy of the Company. The Board of Directors may revise or amend this CSR Policy based on CSR Committee recommendations or to comply with government guidelines and amendments.

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