1 week ago
Maharashtra Proposes Maha CSR Authority for Transparent Fund Use
Maharashtra wants to create a new group to help manage corporate social responsibility money.
Companies use CSR funds for projects that support communities and development.
Chief Minister Devendra Fadnavis said these projects are often handled separately.
He wants a common platform to coordinate them.
The proposed authority would make a list of useful projects for companies and NGOs.
It would also help smaller businesses choose projects and organisations.
Officials would monitor how the money is used.
The authority would focus on repairing older projects because some stop working when maintenance money runs out.
The authority has been proposed but has not yet been established.
Chief Minister Devendra Fadnavis directed officials to submit a proposal for a dedicated Maha CSR Authority.
The proposed authority would coordinate, monitor and improve the transparency and use of CSR funds across Maharashtra.
Officials were asked to create a project bank aligned with government priorities for companies and NGOs.
The authority would guide eligible small and medium enterprises in selecting CSR projects and implementing NGOs.
Maintaining and repairing existing CSR-funded infrastructure would be a priority under the proposed structure.
- Who
- Maharashtra Chief Minister Devendra Fadnavis, state officials, companies, NGOs and industry representatives.
- What
- Officials were directed to prepare a proposal for a Maha CSR Authority to coordinate, monitor and improve the use of CSR funds.
- Where
- At the Sahyadri Guest House in Mumbai, Maharashtra.
- When
- The direction was given on Friday, August 21; the year was not specified.
- Why
- CSR initiatives are being implemented independently, and some completed projects become non-functional because funds are unavailable for maintenance and repair.
Key facts
- Proposed authority
- Maha CSR Authority
- Proposed chairperson
- Maharashtra Chief Minister Devendra Fadnavis
- Governing Council
- Senior government officials and industry representatives
- Executive structure
- The Chief Executive Officer would be member-secretary of the Governing Council and head of the Executive Council.
- Project bank
- A quality bank of projects aligned with government priorities for companies and NGOs
- SME assistance
- Guidance for eligible small and medium enterprises choosing CSR projects and NGOs
- Additional concept
- Officials were asked to study a Diaspora Connect concept to mobilise CSR and social-development funds.
Quotes
Devendra Fadnavis
Chief Minister of Maharashtra
“Many projects become non-functional a few years after completion as funds are not available for their maintenance.”
theprint.in
Sources
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