New Delhi (ABC Live):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 `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.
