REC foundation, the CSR arm of REC Limited has provided assistance for the construction of a 40 bedded Dementia Care centre at National Institute of Mental Health and Neurosciences (NIMHANS) in Bengaluru, Karnataka. The centre aims to provide care to 40 residential patients (20 female & 20 male), one-third which are below poverty line (BPL), one-third which are above poverty line (APL) with 50% subsidize rates and the rest without any subsidy.
The main objective of this project is to be able to provide state-of-the-art facilities to people suffering from dementia, which is a ‘Public Health Priority’ as declared by World Health Organization (WHO) in 2012. The centre will also offer training to mental health professionals and geriatric care workers and provide facility to do research.
About the Company:
REC Limited (formerly Rural Electrification Corporation Limited) is a Navratna NBFC and Infrastructure Finance Company (IFC) focusing on Power Sector Financing and Development across India. It provides financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives and private sector utilities. Its business activities involve financing projects in the complete power sector value chain; different type of projects includes Generation, Transmission, Distribution Projects and Renewable Energy projects.