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Home Corporate Social Responsibility

CSR: Infosys spends over Rs. 2.98 Cr on welfare of aspirational districts in FY 2022

It has covered four aspirational districts this year. However, since 2015 it has in total covered 32 aspirational districts.

India CSR by India CSR
July 6, 2022
in Corporate Social Responsibility
Reading Time: 3 mins read
India CSR
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NEW DELHI (India CSR): In fiscal 2022, Infosys Limited has spent over Rs. 1.98 Crore on various social development works to execute CSR projects in designated aspirational districts as identified by government bodies.

It has covered four aspirational districts this year. However, since 2015 it has in total covered 32 aspirational districts.

List of state, aspirations districts and amount spent:

SL No.State Aspirational District Amount – Rs.
1.KarnatakaKalaburagi10, 25,000
2.OdishaRayagada10,00,000
3.Tamil NaduVirudhunagar13,70,974
4.KarnatakaRaichur1,75,01,626
 Total1,98,72,600

During fiscal 2022, Infosys has spent Rs.344.91 crores on various social and environmental projects. The CSR unspent balance of Rs. 51.79 crore is towards various ongoing projects mainly related to COVID-19 relief efforts and will be transferred to the unspent CSR account and spent in accordance with the Companies (Corporate Social Responsibility Policy) Rules, 2014 and amendments thereunder, the company annual report revealed. 

Also Read: Tata Steel Spends Rs. 406 Crores on CSR – Corporate Social Responsibility in FY 2022

In fiscal 2022, the Company’s CSR efforts included COVID-19 relief in multiple states. The company reported around 73 lakh beneficiaries of CSR projects. 

Wipro Limited CSR Spending on aspirational districts

Wipro Limited spent Rs. 221.6 Cr as against its obligation of Rs. 166.6 Cr towards CSR activities during the financial year 2021-22 (the year ended March 31, 2021). An excess of Rs. 85.6 Cr which was spent in the financial year 2021-22 is available for set-off, the company said. The company has spent Rs. 1,08,81,000 crores on CSR projects undertaken in designated aspirational districts. 

Below are the details of the CSR projects undertaken by Wipro Limited in designated aspirational districts:

Sl. No.StateAspirational DistrictAmount Spent (Rs.)
1.ChhattisgarhSukma1,080,000
2.BiharJamui360,000
3.BiharGaya720,000
4.ChhattisgarhKorba1,607,500
5.Himachal PradeshChamba360,000
6.BiharGaya360,000
7.OdishaRayagada663,500
8.MaharashtraJalgaon1,080,000
9.JharkhandKhunti750,000
10.Andhra PradeshVizag39,00,000

The districts are encouraged to monitor the progress of the blocks that lead to the overall improvement of the district. The Aspirational Districts Programme essentially is aimed at localizing Sustainable Development Goals, leading to the progress of the nation.

Launched by the Hon’ble PM in January 2018, the Aspirational Districts programme aims to quickly and effectively transform 112 most under-developed districts across the country. The broad contours of the programme are Convergence (of Central & State Schemes), Collaboration (of Central, State level ‘Prabhari’ Officers & District Collectors), and Competition among districts through monthly delta ranking; all driven by a mass movement.

Also Read: Muthoot Finance spends Rs. 81 Cr towards CSR – Corporate Social Responsibility in FY22 

As per the provisions of the Companies Act, 2013, a company meeting the specified criteria shall spend at least 2% of its average net profits for three immediately preceding financial years on CSR activities.

(India CSR)

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Source: India CSR I 06 July 2022
Tags: Aspirational DistrictsAspirational Districts ProgrammeCSR of InfosysInfosys Foundation

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India CSR is the largest media on CSR and sustainability offering diverse content across multisectoral issues on business responsibility. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting.

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