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

Since its inception the Government has released Grants-in-aid of ₹ 71.89 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	16.69
8.	2015-16	14.90
	Total	71.89

During the period 2008-09 to 2015-16 the Institute has utilized ₹ 68.39 crore for running the Institute and expenditure towards various training programmes conducted by its Schools and Centres.  In addition, in FY 2015-16 ₹ 3.50 crore was released to IICA for strengthening of ICLS Academy.

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

Grants-in-aid reporting: institute disclosed central funding and utilisation for capacity building and training programmes. The Ministry provided cumulative Grants-in-aid to IICA totalling seventy-one point eight nine crore rupees through 2015-16; IICA utilised sixty-eight point three nine crore rupees for institute operations and training programmes between 2008-09 and 2015-16, and received an additional release in 2015-16 for strengthening its Academy, as disclosed in a ministerial written parliamentary reply.