Lok Sabha Question No. 2464 (UNSTARRED), answered on 2019-07-08
Subject: CSR Fund of Ministry of Steel
Ministry: STEEL
Asked by: Sisir Kumar Adhikari

## LOK SABHA UNSTARRED QUESTION NO.2464 FOR ANSWER ON 08/07/2019

## CSR FUND OF MINISTRY OF STEEL

## 2464.  SHRI SISIR KUMAR ADHIKARI:

Will the Minister of STEEL be pleased to state:

(a) whether  the  Government  has  succeeded  in  spending  the  entire  amount  of Corporate Social Responsibility (CSR) project during the last four years;

(b) if so, the report thereof, organisation-wise;

(c) whether  it  is  also  a  fact  that  the  Government  is  supporting  lease  hold/local social organisations, schools, hospitals and local bodies towards different developmental works thereof; and

(d) if so, the details of the criteria and area-wise expenditure made during the said period?

## ANSWER

(SHRI DHARMENDRA PRADHAN)

## THE MINISTER OF STEEL

(a)&(b): As per the Companies Act, 2013, Central Public Sector Enterprises (CPSEs) under Ministry of Steel earmark at least 2% of the average net profits made during the  three  immediately preceding financial years for Corporate Social Responsibility (CSR) activities. Unspent balance for the previous year, if any, is carried forward to the next year for utilisation for the purpose for which it was allocated. Steel Authority of India Ltd (SAIL) and Rashtriya Ispat Nigam Ltd.(RINL) have even allocated CSR funds  during  loss  years  to  sustain  the  momentum  of  the  ongoing  committed  CSR activities. The details of amount spent on CSR activities by the CPSE under Ministry of Steel during the last four years is as under:-

(Rs. in lakhs)

| Name of CPSE                            |   2015-16 |   2016-17 |   2017-18 |   2018-19 |
|-----------------------------------------|-----------|-----------|-----------|-----------|
| Steel Authority of India Limited (SAIL) |      7616 |      2905 |      2570 |      3118 |
| Rashtriya Ispat Nigam Limited (RINL)    |       873 |       853 |       960 |      1030 |
| NMDC Ltd.                               |     21009 |     17418 |     16937 |     16724 |
| MOIL Ltd.                               |      1447 |      1143 |       962 |       929 |
| MSTC Ltd.                               |       150 |        80 |       215 |       200 |
| MECON Ltd.                              |       221 |        67 |        49 |        17 |
| KIOCL Ltd.                              |        64 |        38 |        16 |        33 |

(c)&(d): Yes, Sir. CPSEs  are extending financial assistance to local social organisations, schools, hospitals and local bodies as well for various developmental works/activities.  Criteria  for  undertaking  CSR  projects  by  CPSEs  under  Ministry  of Steel  is  that  projects  are  mainly  carried  out  in  periphery  of  steel  plants,  steel townships and mines. Thrust areas of the CSR activities where expenditure has been incurred during the last three years inter-alia include promotion of education & health, women  empowerment,  sustainable  income  generation  through  Self  Help  Groups, assistance to divyangs, access to water and sanitation facilities, village development, environment sustenance, sports coaching, promotion of traditional art & culture etc.

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