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Indian Corporate World Spends Rs 9822 Crores under CSR

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.

About Pankaj Gupta

Pankaj Gupta is Charted Accountant by profession reports on Business and Industry for ABC Live since 2006 and remained instrumental in shaping ABC News & Info Services, the parent company owning, the ABC Live.

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