NDTV-Dettol Banega Swasth Swachh India NDTV-Dettol Banega Swasth Swachh India
  • Home/
  • News/
  • Corporate India Has Spent Almost 500 Crores For Swachh Bharat Abhiyan In Past 2 Years


Corporate India Has Spent Almost 500 Crores For Swachh Bharat Abhiyan In Past 2 Years

As part of their CSR (Corporate Social Responsibility) the companies contributed towards cleanliness in urban and rural areas especially in schools

Corporate Offices

New Delhi: Corporate India spent about Rs 476 crore towards ‘Swachh Bharat Kosh’ as part of their corporate social responsibility (CSR) in two years, Parliament was informed today. In addition, companies spent a total of Rs 21 crore towards Clean Ganga Fund in 2014-15 and 2015-16. Under the Companies Act, 2013, a certain class of profitable companies is required to spend at least 2 per cent of their three-year annual average net profit towards CSR works in a fiscal. The norm came into effect on April 1, 2014.

An assessment of CSR expenditure of 5,097 firms indicates that these companies spent Rs 355 crore in 2015-16 towards ‘Swachh Bharat Kosh’, Minister of State for Corporate Affairs Arjun Ram Meghwal said in a written reply to the Lok Sabha.

In 2014-15, a total of 7,334 companies spent Rs 121 crore towards such activities.

The funds were used for achieving the objective of improving cleanliness levels in rural and urban areas including schools.

On a query, whether there has been any structured study on the impact of enforcement of the Act pertaining to CSR, Meghwal said the ministry does not propose to undertake any such study at present.

Also Read: 3 Years Of ‘Namami Gange’: Where Do We Stand?

This website follows the DNPA Code of Ethics

© Copyright NDTV Convergence Limited 2024. All rights reserved.