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of <h1>SEWA-Rural's Project Funding Revised u/s 35AC; Corpus Fund Increased to Rs. 498 Lakh Until FY 2016-17.</h1> The Central Government has amended a notification concerning SEWA-Rural's project, initially recognized in 1994 under Section 35AC of the Income-tax Act, 1961. This project, aimed at rural development through health services, vocational training, and poverty alleviation, has had its funding periodically extended and increased. The latest amendment adjusts the project's cost from Rs. 2,297 lakh, including a corpus fund of Rs. 205 lakh, to Rs. 2,297 lakh with a revised corpus fund of Rs. 498 lakh, valid through the financial year 2016-17. This change follows recommendations from the National Committee for the Promotion of Social and Economic Welfare.
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