Doctor Aapke Dwar-initiative by India Red Cross gets REC funding

Gurugram: REC Limited, a Maharatna power sector enterprise and leading NBFC, has signed a MoA with the Indian Red Cross Society a financial commitment of Rs. 10 Cr for the procurement and deployment of nine Mobile Medical Units (MMUs) and covers related operational expenditures for three years.

The agreementwas signed in the presence of  Vivek Kumar Dewangan, Chairman and Managing Director; VK Singh, Director (Projects),  Harsh Baweja, Director (Finance) and other senior officials of REC.  The initiative aims to bring primary health services to the doorsteps of the deprived sections of society across various districts in Punjab and Rajasthan.

The Mobile Medical Units will serve as a lifeline for remote and under-served areas, providing essential medical care to individuals who might otherwise lack access to such services. In addition, REC Foundation is currently operating 10 Mobile Health Clinics under the ‘Doctor Aapke Dwaar’ CSR project in various districts of Chhattisgarh.

REC Foundation has supported over 400 projects in healthcare, sanitation, clean water access, education and skill development, women empowerment, sports and environmental sustainability. With over Rs. 1,300 Crore disbursed in CSR funds, REC’s cumulative commitment to CSR activities exceeds Rs. 2,000 Crore.

The Indian Red Cross is a voluntary humanitarian organization having a network of over 1,100 branches across the country. It provides disaster relief and care for vulnerable people and communities. It is a leading member of the largest independent humanitarian organization in the world, the International Red Cross & Red Crescent Movement.

REC is a ‘Maharatna’ company under the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). REC is financing the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Pump Storage projects, Green Hydrogen, Green Ammonia projects etc. More recently REC Limited has also diversified into the Non-Power Infrastructure sector comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social and Commercial Infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc. REC Limited provides loans of various maturities to State, Central and Private Companies for creation of infrastructure assets in the country.