Government maintains a central database of Corporate Social Responsibility (CSR) expenditures filed by companies in the MCA 21 registry.
All CSR data (state-wise, year-wise, company-wise, project-wise) is publicly available on http://www.csr.gov.in.
CSR Governance Framework:
CSR is a Board-driven process under the Companies Act, 2013.
Boards are responsible for planning, executing, and monitoring CSR activities.
Transparency & Accountability Provisions:
Legal requirements include: • formation of CSR Committee, • CSR Policy, • Annual Action Plan on CSR, • CFO certification of CSR expenditure, • statutory audit of CSR expenditure.
Impact Assessment Rule:
Under Rule 8 of Companies (CSR Policy) Rules, 2014: • Companies with average CSR obligation ≥ ₹10 crore (last 3 FYs) must undertake impact assessment for CSR projects with outlays ≥ ₹1 crore, completed at least one year before assessment. • Impact details must be included in the company’s Annual CSR Report (as part of Board’s report).
CSR Spending Obligation:
No fixed allocation of CSR funds in the law.
Companies must spend at least 2% of average net profits (last 3 FYs) on CSR activities specified in Schedule VII of the Act.
Development CSR Expenditure (Last 5 FYs):
FY 2019-20: ₹24,965.82 Crore
FY 2020-21: ₹26,210.95 Crore
FY 2021-22: ₹27,141.45 Crore
FY 2022-23: ₹30,932.08 Crore
FY 2023-24: ₹34,908.75 Crore
Total (2019-20 to 2023-24): Over ₹1,44,159 Crore.
Source of Information:
Provided by Shri Harsh Malhotra, Minister of State for Corporate Affairs and Road, Transport & Highways, in a written reply in Rajya Sabha.
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