Don’t miss the latest developments in business and finance.

Open defecation-free state: KSIDC offers financial support

Image
Press Trust of India Thiruvananthapuram
Last Updated : Jan 25 2017 | 7:43 PM IST
Giving a fillip to the efforts aimed at making the state open-defecation free, Kerala State Industrial Development Corporation (KSIDC) has joined hands with the state government.
KSIDC has handed over Rs 50 lakh, as part of its corporate social responsibility activities, to the 'Suchitwa Mission', the state's nodal agency for sanitation as part of the plan. The cheaque was handed over by KSIDC Managing Director Dr M Beena to Suchitwa Mission executive director Dr K Vasuki, in the presence of Chief Minister Pinarayi Vijayan and Industries Minister A C Moideen, a release said here today. KSIDC recorded a profit of Rs 49.98 crore for the fiscal year, 2015-16, it said.
The Corporation has also become the top profit-making entity among the public sector companies under the Industries Department, it said.
A total of 1,200 persons are being employed directly or indirectly through various projects undertaken by KSIDC which has been spending two per cent of its average net profits over the past three years on CSR activities, the release said.
Under the open defecation-free project, Kerala has covered nearly 97 per cent of the rural households by constructing toilets across rural areas.
The mission envisages construction of around 2,01,500 individual household toilets, of which 39,000 toilets are to be provided at geographically-challenged areas and among vulnerable communities at an estimated outlay of Rs 100 crore. It is in this backdrop that KSIDC has decided to support the state government project, the release added.

Also Read

First Published: Jan 25 2017 | 7:43 PM IST

Next Story