CSR Funds for COVID-19: Eligible Spending Clarified

Quick Summary

The Ministry of Corporate Affairs has issued a clarification regarding the use of Corporate Social Responsibility (CSR) funds for COVID-19 related activities. It has been confirmed that spending CSR funds for COVID-19 is an eligible CSR activity. This can be done under specific items of Schedule VII, including healthcare promotion, preventive healthcare, sanitation, and disaster management.

General Circular No. 10/2020 No. 05/01/2019-CSR GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS 5th floor, A Wing, Shastri Bhawan, Dr. R. P. Road, New Delhi- 110001 23.03.2020 To, All Stakeholders, Subject: Clarification on spending of CSR funds for COVID-19. Maam/Sir, Keep

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FAQ :

Yes, it has been clarified that spending CSR funds for COVID-19 is an eligible CSR activity.

Funds can be spent for COVID-19 related activities under item nos. (i) and (xii) of Schedule VII, which cover the promotion of healthcare, including preventive healthcare and sanitation, and disaster management.

Yes, as per General Circular No. 21/2014, the items in Schedule VII are broad-based and can be interpreted liberally for this purpose.

This clarification was issued by the Ministry of Corporate Affairs, Government of India.