Ministry of Corporate Affairs
Use of CSR Fund on Health and Education
Posted On:
11 APR 2017 6:02PM by PIB Delhi
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.
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