Press Information Bureau

Government of India

Ministry of Corporate Affairs

15-March-2016 18:13 IST

Corporate Social Responsibility (CSR) provision of the Companies Act, 2013 came into force from 1^st April, 2014. The year 2014-15 was the first year of implementation of CSR by companies under the legislation. During this year, a total of 460 listed companies which have placed annual CSR returns on their websites, have spent about ₹ 6337 crores on CSR, as summarised below:

CSR expenditure during 2014-15

(in Rs. Crore)

Sl.  No	Company Type	No. of Companies	Actual CSR Expenditure
1	PSUs	51	2386.60
2	Private Sector Companies	409	3950.76
	Total	460	6337.36

 A statement indicating CSR expenditure incurred on various activities by companies is at Annexure.

This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha today.

Annexure

Activities wise CSR expenditure (FY 2014-15) 

Sl. No	Subjects in Schedule VII	CSR Expenditure  (in Rs. Crore)
1	Eradicating Hunger, Poverty & Health Care	1421.66
2	Education/ Vocational skills / livelihood enhancement	1462.6
3	Women / Old Age / Children	219.27
4	Environment sustainability	1188.69
5	Art & Culture	539.83
6	Sports promotion	454.91
7	PMNRF etc.	125.32
8	Rural Development	724.32
9	Slum Development	114.14
10	Swatch Bharat Kosh	42.64
11	Clean Ganga Fund	15.49
12	Others	28.5
	Grand Total	6337.36

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DSM/KA

Corporate Social Responsibility obligations require companies to report and allocate spending to prescribed development activities under the Act. Corporate Social Responsibility obligations under the Companies Act, 2013 took effect 1 April 2014 and in FY 2014-15 reporting companies disclosed aggregate CSR expenditure by company type and an activity-wise allocation across Schedule VII categories, providing a detailed distribution of how statutory CSR resources were allocated among prescribed subjects such as health, education, environment, rural development, arts and sports.