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Companies report CSR expenditure of 13,625.25 crores in FY2015-16; education, differently-abled and livelihood get maximum CSR funds of 4,647.67 crores
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....ompanies report CSR expenditure of 13,625.25 crores in FY2015-16; education, differently-abled and livelihood get maximum CSR funds of 4,647.67 crores <br>News and Press Release<br>Dated:- 3-1-2018<br><BR>Section 135 of the Companies Act, 2013, commenced with effect from financial year 2014-15. The total Corporate Social Responsibility (CSR) expenditure reported by companies for the years 2014-15 ....
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....and 2015-16, as per the filings made on MCA21 registry upto 31.03.2017, is ₹ 9,553.72 crores and ₹ 13,625.25 crores respectively. Sector-wise details of CSR funds spent by the companies for the years 2014-15 and 2015-16 is mentioned below. The number of companies required to make CSR expenditure and who failed to spend any amount for the purpose for the years 2014-15 and 2015-16 are 8....
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....,924 and 10,547 respectively. Ministry has not separately analysed the details regarding companies spending less than 20 per cent of their prescribed CSR amount. DEVELOPMENT SECTOR WISE CSR EXPENDITURE FOR FY 2014-15 AND FY 2015-16 CSR Expenditure ( In Rs. Crores ) S. No. Sectors 2014-15 2015-16 1 Health/ Eradicating Hunger/ Poverty and malnutrition/ Safe drinking water / Sanitation 2379.....
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....72 4294.68 2 Education/ Differently Abled/ Livelihood 3015.26 4647.67 3 Rural Development Projects 1031.00 1327.27 4 Environment/ Animal Welfare/ Conservation of resources 811.85 894.88 5 Swachh Bharat Kosh 94.57 321.03 6 Any other fund 272.31 319.50 7 Gender equality / Women empowerment / Old age homes / Reducing inequalities 171.93 322.88 8 Prime Minister's Nationa....
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....l Relief Fund 210.69 203.29 9 Encouraging Sports 53.34 133.39 10 Heritage, Art and Culture 113.12 114.11 11 Slum Area Development 101.05 10.54 12 Clean Ganga Fund 4.64 18.03 13 Other Sectors (Technology Incubator and benefits to armed forces, admin overheads and others*) 1294.24 1017.98 Total (In Rs. Crore) 9553.72 13625.25 Number of Companies** 5870 7983 * not specifi....
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....ed **no. of companies which have reported any CSR expenditure. This was stated by Shri P.P. Chaudhary, Minister of State for Corporate Affairs in written reply to a question in Rajya Sabha.<BR> News - Press release - PIB....