The minister provided information in response, according to which the total amount of CSR funds spent by PSUs and non-PSUs from Financial Years (FY) 2016โ17 to 2020โ21 was Rs. 1,02,359.
Rao Inderjit Singh, the Union Minister of State for the Ministry of Statistics and Program Implementation, recently provided the Rajya Sabha with information regarding the total amount spent by PSUs and private sector organisations on Corporate Social Responsibility (CSR) over the previous five years. In his written response, Singh stated that during the fiscal years 2016โ17 to 2020โ21, a total of Rs 1,02,359.14 crore was spent on CSR.
CSR Expenditure by PSUs and Non-PSUs
The minister’s response further disclosed how PSUs and non-PSUs split the total amount spent on CSR over the time period. PSUs spent Rs. 20,959.94 crore on CSR, compared to Rs. 81,399.20 crore spent by non-PSUs. The significance of CSR for businesses in the public and commercial sectors is highlighted by this statistics.
Expenditure on CSR by state and UT
The MoS also released information on CSR spending by State/UT over the previous five years in addition to overall spending statistics. According to the data, Maharashtra is at the top of the list with spending of Rs 15,135.12 crore. Karnataka, Gujarat, and Tamil Nadu are three additional states that spent a large amount on CSR throughout the time period.
Expenditure on CSR in the Northeastern States
Assam led the list with a spending of Rs 1,131.03 crore, according to the report, even though the aggregate CSR spending in the eight North-eastern states was somewhat lower than that in other regions. Other states with good CSR spending included Arunachal Pradesh, Meghalaya, and Manipur.
How Important CSR Is?
Since corporate social responsibility (CSR) has grown to be an essential component of business ethics, this data shows how both PSUs and non-PSU businesses are dedicated to promoting social welfare. CSR programmes allow businesses the chance to give back to society and contribute to the creation of a better future. CSR also helps businesses improve their brand, grow consumer loyalty, and draw in new hires.
CSR Expenditure Overview (FY 2016โ17 to 2020โ21)
| Total CSR Expenditure | The total amount of CSR funds spent by PSUs and non-PSUs from Financial Years (FY) 2016โ17 to 2020โ21 was Rs. 1,02,359.14 crore. |
| Rao Inderjit Singh’s Statement | Rao Inderjit Singh, the Union Minister of State for the Ministry of Statistics and Program Implementation, provided the Rajya Sabha with information on CSR spending over the past five years. |
| Breakdown by Sector | PSUs spent Rs. 20,959.94 crore on CSR, while non-PSUs spent Rs. 81,399.20 crore. This highlights the significant contributions of both public and private sector organizations to CSR initiatives. |
| CSR Expenditure by State and UT | Maharashtra topped the list with Rs. 15,135.12 crore in CSR spending. Karnataka, Gujarat, and Tamil Nadu also made substantial contributions. |
| CSR Expenditure in Northeastern States | Assam led the Northeastern states with Rs. 1,131.03 crore spent on CSR. Other notable contributors included Arunachal Pradesh, Meghalaya, and Manipur. |
| Importance of CSR | CSR has become an essential component of business ethics, demonstrating the commitment of both PSUs and non-PSUs to social welfare. It enhances brand reputation, consumer loyalty, and attracts new talent. |
(Copy Right @ India CSR)
