Of the total ₹1.25 lakh crore spent on CSR in the last seven years, only 4 to 5% funds have gone to the PM Cares Fund and that too during the last two years amid COVID-19, Minister of State for Corporate Affairs Rao Inderjit Singh told the Rajya Sabha on April 5.
Replying to supplementaries during Question Hour, the Minister also informed the members that there was an attempt initially to include Chief Minister’s Relief fund for spending CSR funds but it was disallowed by the Government of India.
“Out of the ₹1.25 lakh crore that have been spent on CSR over the last seven years, not more than 4 to 5% has gone to the PM Cares fund. Most of that money has gone during Covid in two years,” Mr. Singh said.
