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Home Corporate Social Responsibility

Gujarat Gets Rs 1400 cr CSR Funds in 2020-21

Government indicate that there has been a steady increase in CSR spending by companies over the past five years

India CSR by India CSR
August 17, 2022
in Corporate Social Responsibility
Reading Time: 2 mins read
Gujarat: Image India CSR

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The broad framework for Corporate Social Responsibility (CSR) has been provided under Section 135 of the Companies Act, 2013


GANDHINAGAR: Private companies and public sector undertakings (PSUs) spent close to Rs 1,400 crore in 2020-21 in Gujarat as part of their corporate social responsibility (CSR), the Union government informed the parliament.

Kutch BJP MP Vinod Chavda sought to know from the ministry of statistics and programme implementation and the ministry of corporate affairs the status of the funds allocated by government agencies and private firms under CSR.

The MP also sought information on the activities taken up using the CSR funds in Gujarat.

Details provided by the union government indicate that there has been a steady increase in CSR spending by companies over the past five years, except for a minor drop in 2019-20 compared to the previous year.

Also Read: Business will not prosper without a healthy planet and society (indiacsr.in)

In reply to the question, the Union government said, “On the basis of annual filings made by companies, the CSR funds spent by companies in the state of Gujarat during the financial years (FY) 2016-17, 2017-18, 2018-19, 2019-20 and 2020-21 respectively are Rs 864.83 crore, Rs 967.97 crore, Rs 1,082.09 crore, Rs 982.53 crore and Rs 1,397.26 crore respectively.”

The broad framework for Corporate Social Responsibility (CSR) has been provided under Section 135 of the Companies Act, 2013, and Companies (CSR Policy) Rules, 2014, the Union government said.

Figures provided by the Union government indicate that maximum CSR funds have been spent on health and education in Gujarat. In 2020-21, a sum of Rs 588.24 crore was spent on healthcare and Rs 401.71 crore on education. The CSR spending registered the highest jump in 2020-21 at Rs 1,397 crore as compared to the CSR spending of Rs 982 crore in the previous year.

Also Read: CSR: Vocational Training Centre in Savli of Vadodara for Women (indiacsr.in)

(India CSR)

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Source: India CSR I August 17, 2022
Tags: CSR in Gujarat

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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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