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Press Information Bureau
Government of India
Ministry of Corporate Affairs
11-April-2017 17:49 IST
The CSR expenditure of companies is compiled development sector-wise as listed in Schedule VII of the Companies Act, 2013. The development sector-wise CSR spend of the companies on education and health for the years 2014-15 and 2015-16 is given in Table below. The Companies Act, 2013 already provides an institutional framework for the use of CSR funds by companies.
DEVELOPMENT SECTOR WISE CSR EXPENDITURE FOR FY 2014-15 AND FY 2015-16
CSR Expenditure (in Rs. Crores) | ||
Sectors | 2014-15 | 2015-16 |
Health/ Eradicating Hunger/Poverty and malnutrition/ Safe drinking water / Sanitation | 2246 | 3117 |
Education/ Differently Abled/Livelihood | 2728 | 3073 |
Rural development | 1017 | 1051 |
Environment/ Animal Welfare/ Conservation of resources | 1213 | 923 |
Swachh Bharat Kosh | 121 | 355 |
Any other Fund | 36 | 262 |
Gender equality/Women empowerment/Old age homes/Reducing inequalities | 326 | 213 |
Prime Minister's National Relief Fund | 192 | 136 |
Encouraging Sports | 160 | 95 |
Heritage Art and Culture | 157 | 90 |
Slum area development | 123 | 9 |
Clean Ganga Fund | 19 | 3 |
Other Sectors (Technology Incubator and benefits to armed forces, admin overheads and others*) | 465 | 497 |
Total Amount | 8803 | 9822 |
Number of Companies for which data compiled | 7334 | 5097 |
* not specified | ||
This was stated by Shri Arjun Ram Meghwal, Minister of State for Corporate Affairs in written reply to a question in Rajya Sabha today.
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DSM/KA
Corporate social responsibility spending on health and education increased; Companies Act framework guides use of funds. Corporate social responsibility spending was reported sector-wise under the Companies Act, 2013 framework, with companies allocating CSR funds across health, education, rural development, environment and other specified social sectors. The statement highlights use of CSR funds for health and education, provides consolidated sectoral expenditure totals for two successive financial years showing increased aggregate CSR outlays, and confirms the institutional framework governing CSR fund utilisation. of Press 'Enter' after typing page number.
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