THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (INDEPENDENT CHARGE)
(SMT. NIRMALA SITHARAMAN)
(a) &(b): The details of funds allocated and spent by the Central Public Sector Enterprises (CPSEs) under Ministry of Commerce and Industry for Corporate Social Responsibility (CSR) during the last three years and the current year are at Annexure – 1.
The CPSEs spend the amount for Corporate Social Responsibility (CSR) activities on projects related to promotion of education, environmental sustainability, employment enhancing vocational skills, social welfare, sanitation and hygiene, promotion of health care/preventive health care, etc.
No sectoral or state-wise allocation of funds for CSR is done by the CPSEs. The details of projects undertaken by CPSEs under CSR in Chandigarh and Madhya Pradesh is at Annexure – 2.
(c) & (d): No case of non-compliance of guidelines relating to spending of CSR by CPSEs has been reported during the last three years.
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Annexure – 1
Details of funds allocated and spent by CPSEs under Ministry of Commerce and Industry for Corporate Social Responsibility (CSR) during the last three years and the current year
(Rs. in Lakhs)
CPSE 2014-15 2015-16 2016-17 2017-18
Carry Forward Allocated Utilized Carry Forward Allocated Utilized Carry Forward Allocated Utilized Carry Forward Allocated Utilized
MMTC Limited Nil 49.00 46.90 Nil # 45.00 45.00 Nil 81.41 81.41 Nil Not yet allocated -
PEC Limited. 185.05 112.00 214.68 82.37 Nil 33.07 49.30 Nil 24.41 24.89 Nil Nil
State Trading Corporation of India Limited (STC Limited) 57.77 39.70 24.20 73.26 Nil 50.79 22.47 Nil 7.36 15.11 Nil -
STCL Limited (STCL) Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil
ECGC Limited 505.00 772.00 350.00 927.00 760.00 1443.00 244.00 790.00 504.00 530.00 700.00 30.00
Indian Trade Promotion Organization (ITPO) Nil 343.00 43.00 300.00 360.00 407.00 253.00 368.00 292.00 329.00 370.00 (Estimated) -
Tamil Nadu Trade Promotion Organization (TNTPO) Nil 3.00 3.00 Nil 35.82 35.82 Nil 48.06 48.06 Nil 48.00 -
Karnataka Trade Promotion Organization (KTPO) Nil 2.00 2.00 Nil 2.50 2.50 Nil 2.50 2.50 Nil 2.50 -
#The amount allocated for undertaking CSR in 2014-15 was voluntary. Thus as per ICAI guidelines, unspent amount was not required to be carried forward.
Note: As per DPE guidelines on CSR & Sustainability for CPSEs, CPSEs contribute at least 2% of the average net profit of the three immediate preceding financial years in pursuance of their CSR activities as stipulated in the Section 135(1) of the Companies Act, 2013. As such, PEC Ltd.and STC Ltd. have not allocated any funds under CSR for the financial year 2015-16, 2016-17 and 2017-18 as their average net profit was negative. Similarly, STCL Limited is suffering losses since 2009-10 and is presently under process of winding up, hence, no allocation has been made for CSR activities.
Annexure-2
Details of projects under CSR in Madhya Pradesh and Chandigarh by CPSEs
under Ministry of Commerce and Industry
S.No. CPSE Activity Area Financial Year Amount Spent
(Rs. In lakhs)
1. ITPO Contribution to National Handicapped Finance & Development Corporation (HFDC) towards the project “Skill Development, Training to Persons with Disabilities (PwDs)” Madhya Pradesh, Haryana, Delhi 2015-16 30.00
2. ECGC Installation of Solar Panels at old age home of NAV ArunodayaPramanikTrust, Indore Madhya Pradesh 2016-17 8.80
No other CPSE under Ministry of Commerce and Industry has spent any amount on any project under CSR in Madhya Pradesh and Chandigarh.
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