Ministry of Corporate Affairs
Companies report CSR expenditure of Rs 13,625.25 crores in FY2015-16; education, differently-abled and livelihood get maximum CSR funds of Rs 4,647.67 crores
Posted On:
02 JAN 2018 8:38PM by PIB Delhi
Section 135 of the Companies Act, 2013, commenced with effect from financial year 2014-15. The total Corporate Social Responsibility (CSR) expenditure reported by companies for the years 2014-15 and 2015-16, as per the filings made on MCA21 registry upto 31.03.2017, is Rs. 9,553.72 crores and Rs. 13,625.25 crores respectively. Sector-wise details of CSR funds spent by the companies for the years 2014-15 and 2015-16 is mentioned below.
The number of companies required to make CSR expenditure and who failed to spend any amount for the purpose for the years 2014-15 and 2015-16 are 8,924 and 10,547 respectively. Ministry has not separately analysed the details regarding companies spending less than 20 per cent of their prescribed CSR amount.
DEVELOPMENT SECTOR WISE CSR EXPENDITURE FOR FY 2014-15 AND FY 2015-16
|
CSR Expenditure ( In Rs. Crores )
|
|
S. No.
|
Sectors
|
2014-15
|
2015-16
|
|
1
|
Health/ Eradicating Hunger/ Poverty and malnutrition/ Safe drinking water / Sanitation
|
2379.72
|
4294.68
|
|
2
|
Education/ Differently Abled/ Livelihood
|
3015.26
|
4647.67
|
|
3
|
Rural Development Projects
|
1031.00
|
1327.27
|
|
4
|
Environment/ Animal Welfare/ Conservation of resources
|
811.85
|
894.88
|
|
5
|
Swachh Bharat Kosh
|
94.57
|
321.03
|
|
6
|
Any other fund
|
272.31
|
319.50
|
|
7
|
Gender equality / Women empowerment / Old age homes / Reducing inequalities
|
171.93
|
322.88
|
|
8
|
Prime Minister's National Relief Fund
|
210.69
|
203.29
|
|
9
|
Encouraging Sports
|
53.34
|
133.39
|
|
10
|
Heritage, Art and Culture
|
113.12
|
114.11
|
|
11
|
Slum Area Development
|
101.05
|
10.54
|
|
12
|
Clean Ganga Fund
|
4.64
|
18.03
|
|
13
|
Other Sectors (Technology Incubator and benefits to armed forces, admin overheads and others*)
|
1294.24
|
1017.98
|
|
|
Total (In Rs. Crore)
|
9553.72
|
13625.25
|
|
Number of Companies**
|
5870
|
7983
|
|
* not specified
**no. of companies which have reported any CSR expenditure.
|
This was stated by Shri P.P. Chaudhary, Minister of State for Corporate Affairs in written reply to a question in Rajya Sabha today.
***
DSM/SBS/KMN
(Release ID: 1515133)