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        Corp. Laws, SEBI & IBC

        CSR Expenditure in Aspirational Districts has consistently increased from FY 2020-21 to 2022-23

        December 16, 2024

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        Rs. 1402.89 Cr. spent in FY 2022-23 as CSR expenditure in these districts

        The legal framework for Corporate Social Responsibility (CSR) has been provided under Section 135 of the Companies Act, 2013 (‘Act’), Schedule VII of the Act and Companies (CSR Policy) Rules, 2014. The details of the amount spent under CSR in Aspirational Districts for the last three financial years (FYs) i.e. 2020-21 to 2022-23 is given below.

        CSR Expenditure in Aspirational Districts

        CSR Expenditure in Aspirational Districts for FY 2020-21 to 2022-23

        Financial year

        2020-21

        2021-22

        2022-23

        Amount in Rs. Cr.

        651.43

        1046.43

        1402.89

        (Data upto 31.03.2024) (Source: Corporate Data Management Cell)

        The Minister of State in the Ministry of Corporate Affairs and Minister of State in the Ministry of Road Transport and Highways, Shri Harsh Malhotra stated this in a written reply in Lok Sabha today.

        Corporate Social Responsibility obligations: reported increases in CSR spending directed to aspirational districts under statutory CSR rules. The statutory CSR framework under the Companies Act, its schedule of permitted activities, and the Companies (CSR Policy) Rules governs corporate CSR obligations; reported figures show year on year increases in CSR expenditure directed to Aspirational Districts across three consecutive financial years, based on official corporate data and disclosed in a government parliamentary reply.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Corporate Social Responsibility obligations: reported increases in CSR spending directed to aspirational districts under statutory CSR rules.

                                The statutory CSR framework under the Companies Act, its schedule of permitted activities, and the Companies (CSR Policy) Rules governs corporate CSR obligations; reported figures show year on year increases in CSR expenditure directed to Aspirational Districts across three consecutive financial years, based on official corporate data and disclosed in a government parliamentary reply.


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