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.

To read more…click on the link below

http://blogspot.siliconvillage.net/2016/11/companies-are-investing-70-of-csr-funds.html

About Manohar Sharma 152 Articles
SILICON VILLAGE Home for all technology and products -- news, features and interviews of top-notch enterprises in India. This portal covers all the major happenings across verticals including telecom, mobility, gadgets & gizmo, retail, services, BFSI, energy, manufacturing, SMBs, business technologies, GreenIT, outsourcing...

Be the first to comment

Leave a Reply

Your email address will not be published.


*