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Ministry of Steel- Fund Utilisation Under CSR

India CSR by India CSR
December 18, 2013
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Reading Time: 7 mins read
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India CSR News Network

NEW DELHI: The Minister of Steel, Shri Beni Prasad Verma has said that the public sector undertakings under the Ministry of Steel are allocating and generally utilising funds for taking up projects under the Corporate Social Responsibility (CSR) scheme issued by the Department of Public Enterprises. The details of the funds allocated by the public sector undertakings under the Ministry of Steel for CSR during the requisite period are as under:

(Rs. In Lakhs)

Name of the Central Public Sector Enterprise(CPSE)

(Rs. In Lakhs)

Name of the Central Public

Sector Enterprise(CPSE)

2010-11

2011-12

2012-13

2013-14

SAIL

9400

6400

4200

4000

RINL

1540

1200

750

750

NMDC

8156

8013

13321

12685

MOIL

542

628

950

1000

KIOCL

100

230

283

124

MSTC

100

150

355

260

FSNL

10

9

9

4

MECON

180.50

325

497

202

HSCL

25

0

0

0

BGC

216

38

17

85

In a written reply in the Lok Sabha, Shri Verma said, the projects implemented under the CSR relate to water supply arrangement, construction of school buildings, supply of educational materials in schools, electricity facility, solar lighting system, health/family welfare, irrigation facilities, sanitation, relief to victims of natural calamities, imparting vocational training etc. Some of the projects have been completed and some are at various stages of completion. These projects are located in the States of Chhattisgarh, Odisha, West Bengal, Jharkhand, Andhra Pradesh, Bihar etc. Under the scheme of CSR, funds are not allocated state-wise.

CSR funds/activities are controlled and managed by the respective Boards of the CPSEs. Sporadic complaints are received about the CSR activities of the CPSEs. Such complaints as and when received are forwarded to the concerned authorities for taking appropriate remedial measures, the Minister added.

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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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