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Home News News and Press Release Month 4 2017 2017 (4) This

Use of CSR Fund on Health and Education

11-4-2017
  • Contents

Press Information Bureau

Government of India

Ministry of Corporate Affairs

11-April-2017 17:49 IST

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 Rs. 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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