The 'SagarSamajikSahyog' - Revised Corporate Social Responsibility (CSR) Guidelines 2023 were launched by the Ministry of Ports, Shipping, and Waterways on 27.06.2023 for Major Port Authorities. Under these guidelines, the Major Ports have been empowered to sanction and approve CSR projects.
 

According to the guidelines, Major Ports are required to create a CSR budget for each year as a percentage of their net profit in the following manner:

Financial Position of the Port Net Profit (Previous Financial year)	Expenditure range of CSR in a Financial year (%) of profit
Less than Rs. 100 crore	3% - 5%
Rs. 100 crore to Rs. 500 crore	2% - 3% (subject to a minimum of Rs 3 crore)
Rs. 500 crore and above	0.5% to 2%

These guidelines aim to make a lasting impact by addressing the pressing needs of our society, focusing on education, healthcare, skill development, environmental sustainability and community empowerment.

All Major Port Authorities have taken various measures to boost community welfare initiatives, especially for the local community in the vicinity of the ports. The activities included under the CSR projects comprise of health and family welfare, drinking water and sanitation, education and skill development, disaster management, preservation and restoration of environment and ecology and sustainable development goals etc.

The expenditure incurred for CSR activities by Major Ports in Financial Year 2022-23 are as under: -

Name of the Port	Expenditure in CSR Activity in FY 2022-23 (Rs. in Cr.)
New Mangalore Port Authority	2.07
Cochin Port Authority	1.52
SyamaPrasadMookerjeePort Authority	0.41
Paradip Port Authority	8.58
Mormugao PortAuthority	0.0027
Kamarajar Port Authority	9.80
Deendayal Port Authority	10.14
Visakhapatnam Port Authority	0.27
V.O. Chidambarnar Port Authority	1.84
Jawaharlal Nehru Port Authority	1.22

 

This information was given by the Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal in a written reply to the Lok Sabha today.

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MJPS/NSK

(Release ID: 1947746)