Analysis of data from the government’s CSR dashboard shows that in 2020-21, companies spent a total of Rs 20,360 crore on CSR commitments.
The government has mandated a new disclosure framework for corporate social responsibility from this year onwards. Companies shall have to file a detailed report for 2020-21 highlighting expenditure on ongoing projects and new projects, creation of capital assets, details of the impact assessment reports, among other things.
The Companies Act, 2013, read with the Companies (Corporate Social Responsibility Policy) Rules, 2014 (the CSR Rules), requires companies meeting requirements of certain thresholds of net worth, turnover, or net profits to constitute a CSR Committee and to spend 2% of a respective company’s average profits before taxes for the previous three fiscal years on identified areas of CSR. This requirement became effective on April 1, 2014.
State-wise CSR distribution for the year FY 2020-21.
| State | Amount Spent FY 2020-2021 (INR Cr.) |
| Andaman And Nicobar | 2.26451 |
| Andhra Pradesh | 588.67188 |
| Arunachal Pradesh | 6.42009 |
| Assam | 160.77637 |
| Bihar | 56.2941 |
| Chandigarh | 7.20195 |
| Chhattisgarh | 283.14089 |
| Dadra And Nagar Haveli | 7.01928 |
| Daman And Diu | 3.13366 |
| Delhi | 839.64693 |
| Goa | 32.5315 |
| Gujarat | 1166.84268 |
| Haryana | 398.4544 |
| Himachal Pradesh | 98.59172 |
| Jammu And Kashmir | 33.82156 |
| Jharkhand | 188.35081 |
| Karnataka | 966.62066 |
| Kerala | 321.10016 |
| Lakshadweep | |
| Madhya Pradesh | 273.87691 |
| Maharashtra | 2646.45997 |
| Manipur | 6.28163 |
| Meghalaya | 8.7123 |
| Mizoram | 0.49 |
| Nagaland | 2.9849 |
| Nec/ Not Mentioned | 176.71358 |
| Odisha | 495.72005 |
| Pan India | 8802.29714 |
| Puducherry | 10.43885 |
| Punjab | 95.16299 |
| Rajasthan | 454.07955 |
| Sikkim | 13.85207 |
| Tamil Nadu | 749.03191 |
| Telangana | 343.38093 |
| Tripura | 8.19924 |
| Uttar Pradesh | 680.24399 |
| Uttarakhand | 113.10345 |
| West Bengal | 316.98048 |
| Grand Total | 20358.89308 |
Corporate Social Responsibility (CSR) in India
CSR in India is a way through which companies and organisations play the role of responsible corporate citizens. The CSR in India aims to integrate economic, environmental and social objectives to implement national priorities for social development. The objective of Corporate Social Responsibility (CSR) in India is to participate in activities that benefit community development, social responsibility and environmental sustainability, and reach out to socially & economically disadvantaged sections of society.
It is to be noted that Companies (Corporate Social Responsibility Policy) Rules, 2014 (the CSR Rules), under The Companies Act, 2013, require companies to meet requirements of certain thresholds of net worth, turnover, or net profits to constitute a CSR Committee and to spend 2% of a respective company’s average profits before taxes for the previous three fiscal years on identified areas of CSR. This requirement became effective on April 1, 2014.
Also Read: Corporate Social Responsibility (CSR) in India an Overview – 2022 (indiacsr.in)
