CSR MAKING GOOD BUSINESS SENSE IN INDIA: SOCIO-ECONOMIC PROFILE(4)

VAL has provided rehabilitation and resettlement package for 119 project displaced families of the Kutia Kandha & Dongria Kandha tribes of Lanjigarh, Kalahandi. VAL has built a rehabilitation colony called Niyamgiri Vedanta Nagar.

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Table showing the impact on society through different CSR VAL Projects in education & health & sanitation

Building the people:

Built the people to encourage fellow community members for education and other development initiatives

VAL successfully engaging them as a Role model at Dongria Kondh Community:
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Dongria Kondh Community wants development and mining from Niyamgiri will bring a lot socio-economic development opportunity for the tribals,” says Jitu Jakasika, one of the few English Speaking youths in the Kondh Community. However, few days before, He was well known for his hardcore and stiff opposition for Vedanta and its mining project. He had visited almost all Dongria Kondh villages to organize people to oppose the mining plan. Continuous feeding of misleading facts and systematic brainwash made him to believe that industrialization and development would dilute the originality and culture of Dongria Kondh tribe. He left his education mid-way to join activists and vehemently opposed industrialization and associated development in the locality.

He explored more on industry and development. He visited other industrial sites in the locality and mainly the ongoing bauxite mining sites. He saw for himself that neither Bauxite mining is ecologically hostile, nor it dries the spring and underground water. He also realized that ‘industrialization and development do not dilute tribal culture or lifestyle’.

Representative APR 391%

Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

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