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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.