Include Registered Societies and Trusts in accessing CSR Funds

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The Corporate Social Responsibility Amendment Rules Draft is now in the public domain and comments are asked for by 28th March. Rule 4 of the Draft excludes Registered Societies and Trusts. CSR Funds will only be routed through Section 8 Companies or Govt agencies.

This will be a big catastrophe in the voluntary sector, as most of the exemplary work in areas of education, health, environment, disability and other marginalised sectors is done by the Not for Profit Organisations. They are mostly registered as Societies or Trusts.

Partnerships of the civil society, corporate and the government has shown excellent projects and activities in marginalised and low resource areas, which otherwise would have remained totally untouched.

Excluding Societies and Trusts from CSR funding, may lead to the closure of many very productive organisations.

We request you to sign and join our campaign to urge the Finance Minister to once again include Societies and Trusts in Rule 4 of the CSR Amendment Rules.

Thank you for your support!

Dwaraka Pandurangi

Volunteer Fundraiser & Member of the Governing Board, Vidya Sagar

www.vidyasagar.co.in