The Ministry of Corporate Affairs has established the Indian Institute of Corporate Affairs (IICA) at IMT, Manesar (Haryana) to function as a holistic Think-Tank, Capacity Building and Service Delivery Institute to help Corporate Growth, Reforms & Regulations through synergized knowledge management, partnership and problem solving in a One-Stop-Shop mode.

The Institute was inaugurated on 13th April, 2012 and since then it has become fully functional through its various Schools and Centres.

Since its inception the Government has released Grants-in-aid of ₹ 45.71 crore to the IICA, so far,  as per the following details:

Sl. No	Financial Year	Amount released (Rs. in Crore)
1.	2008-09	2.70
2.	2009-10	3.00
3.	2010-11	5.37
4.	2011-12	3.00
5.	2012-13	8.00
6.	2013-14	18.23
7.	2014-15	5.41*
	Total	45.71

• at the end of 1st Quarter of  2014-15

This information was given by Smt. Nirmala Sitharaman, MoS in the Ministry of Corporate Affairs in written reply to a question in the Lok Sabha today.

Government grants to corporate capacity institute sustain its establishment and operations through scheduled funding releases. The Ministry of Corporate Affairs established the Indian Institute of Corporate Affairs at IMT Manesar as a Think-Tank and capacity-building institute for corporate growth, reforms and regulation; the Institute, inaugurated in April 2012 and functioning through various Schools and Centres, has received periodic government grants-in-aid totaling 45.71 crore with a year-by-year allocation disclosed in a parliamentary written reply.