TIDBITS

SCOPE for accountability of PSU CSR Fund Given to  NGOs

By IndianMandarins- 26 Jul 2016
594

scope-for-accountability-of-psu-csr-fund-given-to-ngos Dr. U.D. Choubey, Director General, SCOPE, strongly advocated for accountability check of NGOs who are allocated funds for CSR from public sector enterprises.  He also emphasized the need for social audit in all such cases. Speaking at a Seminar on "Relevance of CSR: PSE Perspective" organized by Delhi Management Association (DMA),he pointed out that public sector enterprises have accepted 2% mandatory provisions of CSR in both letter and spirit.  They have a Board-approved policy and system-oriented approach towards CSR.  Funds are allocated through Board Sub-committees. Baseline survey identifying the needs of the people, evaluating and selection of implementing agencies, supervision and monitoring are made through a robust mechanism to ensure that the benefit reaches the end point. Some of the public sector enterprises have set up trusts and are in better position to implement CSR funds, he added.

free stat counter