Companies are Investing 70% of CSR Funds on Education

Nasscom Foundation, in its yet-to-be-released report said that a substantial number of companies have spent more than 60-70% of their CSR spend in education initiatives.

“Education forms the major chunk of CSR spend: A substantial number of companies interviewed have spent more than 60-70% of their CSR spend in education initiatives, and the remaining half spend between 30-40% of their budget in education,” the report, to be released shortly at a different event, said here.

Nasscom Foundation at its flagship event, The CSR Leadership Conference (CLC), also announced that the industry had widely accepted the 2% CSR rule with a trend of more and more companies coming out openly to declare 100% utilisation of their CSR money for 2015-16.

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About Manohar Sharma 152 Articles
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