Swachh Bharat Abhiyan & Clean Ganga now under CSR ambit Widening the activities coming under CSR ambit, contributions made by corporates towards Narendra Modi-led government’s two key initiatives — Swachh Bharat and Clean Ganga will now be considered as social welfare spending work. Making amendments to the Companies Act, the Corporate Affairs Ministry has said that contributions to ‘Swachh Bharat Kosh’ and ‘Clean Ganga Fund’ would come under CSR framework. ‘Swach Bharat Kosh’ has been set up to attract funds, from various entities including corporates, for activities related to Swachh Bharat initiative. The ‘Clean Ganga Fund’ is aimed at pooling money for taking up works to clean the Ganga River. These two initiatives are the latest ones to be brought under the Corporate Social Responsibility (CSR) ambit where contributions made to the Prime Minister’s National Relief Fund have been included already. Through a notification, the Ministry has inserted the words ‘including contribution to the Swach Bharat Kosh set up by the central government for the promotion of sanitation” in Schedule VII of the Act, which pertains to CSR activities Besides, the words “including contribution to the Clean Ganga Fund set up by the central government for rejuvenation of river Ganga” have been inserted in the Schedule.
Posted on: Fri, 31 Oct 2014 13:47:26 +0000
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