Spending of the CSR fund in the state has doubled to reach Rs 430 cr in 3 years: The Tribune India

Nitin Jain

Tribune press service

Ludhiana, September 18

Spending on the Corporate Social Responsibility (CSR) fund has doubled to over Rs 430 crore in the Punjab over the past three years, the government has confirmed.

The landlocked border state has received over Rs 341 crore in CSR funding in the past two years, representing 54% of the total CSR funds received in the last six years since the CSR law was enacted by the Union government in 2014, official figures revealed.

The official speech

The state has a composite SDG score of 68, which includes key development sectors including health, education and employment, compared to 66 for India as a whole and ranks 12th on the SDG index. 2020-21 by NITI Aayog. —Vini Mahajan, Chief Secretary

While CSR spending in Punjab in the first three fiscal years 2015-16 to 2017-18 was only 202 crore rupees, the following three years brought CSR funds from 430 crore rupees to a rise. by 213%.

The Punjab received a total of 631 crore rupees in CSR spending, of which 26% went to education, 21% to healthcare and 15% to environment and sustainability issues.

This emerges from the Punjab CSR Report, recently released by Chief Secretary Vini Mahajan at the first Punjab-2021 CSR Summit, organized by the Punjab CSR Authority in association with Sattva Consulting and the NASSCOM Foundation. .

Punjab-headquartered companies contributed 58% of the total CSR funds received by the state, she shared.

Pointing out that Punjab, which is the 15th largest state in the country in terms of GDP, is among the best performing states on the United Nations Sustainable Development Goals (SDGs), the chief secretary said the state agrarian has a composite SDG score of 68, which includes all key development sectors including health, education, employment, sanitation, energy, among others, compared to 66 for the whole of India and ranks 12th on the NITI Aayog 2020-21 SDG Index. “Punjab is a pioneer state in some SDGs, such as affordable and clean energy, with a score of 100,” she revealed.

Sharing key insights from the report, Punjab CSR Authority CEO Dr Sandeep Goyal said the major finance industries are oil, gas, coal, petroleum, telecommunications and automotive.

“The Punjab is a border and an agrarian state. We don’t have big industries here. But the state is famous for both its entrepreneurial spirit and generous philanthropy. The Punjab CSR Summit is our effort to draw the attention of large companies to the opportunities available in the state and how the CSR Authority is fully designed to bring all stakeholders together and collaborate to design strategies. meaningful and innovative for the continued well-being of people, ”said Dr. Goyal.

He said CSR plays and will continue to play a central role in the development of the state. “This summit and the discussions here will hopefully enable more companies to support the key issues in Punjab and work together to push the needle to greater impact,” he added.

The Punjab CSR Authority brought together leaders of Indian businesses, foundations and the social sector for deliberations at the summit.

Bharti Enterprises, Bharti Foundation, Tata Trusts, HMEL, Holcim India, Lending a

Hand India, NASSCOM Foundation, PepsiCo, Pernod Ricard India, Srijan and Tech Mahindra Foundation were among the large companies that attended the event.

The panels deliberated on best practices and innovations in education, skills and livelihoods, facilitating effective partnerships between business, government and non-profit organizations to bring about change and empowerment. to integrate the lessons learned from the fight against Covid in a post-pandemic Punjab.

Dr Goyal revealed that the CSR mandate was promulgated in 2014 and since then 92,605 million rupees of funding has been funneled through India by companies to development causes across the country, resulting in supported and helped advance initiatives in the economic and social spheres.

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