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Telangana to Launch Special CSR Policy & Portal to Boost Corporate Funding

Telangana Chief Minister A. Revanth Reddy has directed officials to formulate a special policy to attract more Corporate Social Responsibility funds to the state. The policy includes creating a dedicated CSR cell and launching a comprehensive 'Telangana CSR Portal' to link corporate entities with government projects. The Chief Minister expressed dissatisfaction that Telangana currently receives only three percent of the country's total CSR contributions. He instructed officials to study strategies from other states and ensure companies spend more CSR funds within Telangana.

Key Points: Telangana to Formulate Special Policy to Attract CSR Funds

  • New CSR policy to attract more funds
  • Dedicated state-level CSR cell to be created
  • Telangana CSR Portal approved for project listing
  • Annual felicitation for top corporate contributors
  • State currently gets only 3% of national CSR share
3 min read

Telangana govt to formulate special policy to attract more CSR funds

Telangana CM Revanth Reddy announces a new CSR policy, dedicated cell, and online portal to increase the state's share of corporate social responsibility funds.

"There is a need for the state to receive a greater share of CSR funds and also the utilisation. - Chief Minister A. Revanth Reddy"

Hyderabad, March 26

Telangana Chief Minister A. Revanth Reddy said on Thursday that the state government will introduce a special policy to get more Corporate Social Responsibility funds and to ensure their effective utilisation.

In a move to encourage the companies for giving more CSR funds, the Chief Minister directed the officials to organise annual events to felicitate the managements and representatives of the companies, which contributed more CSR funds to the state.

The arrangements for the felicitation ceremony should be made as part of the State Formation Day celebrations.

According the Chief Minister's Office, Revanth Reddy also decided to establish a dedicated CSR cell at the state level with a separate office.

It will be responsible for coordinating CSR initiatives currently being implemented by corporate companies within the state, as well as compiling information on projects available across various government departments that are suitable for execution through CSR funding.

The creation of a dedicated 'Telangana CSR Portal' was also approved during the review meeting conducted by the Chief Minister.

The portal will serve as an important link between the state government and corporate entities.

The portal will also feature comprehensive details of various projects -- spanning across different government departments -- that are open for corporate funding through CSR contributions.

Chief Minister Revanth Reddy emphasised that the portal should be designed in an engaging and user-friendly manner, enabling corporate firms to easily connect with the state government and select projects that align with their specific interests and objectives.

During the meeting, the state government officials apprised Chief Minister Revanth Reddy that the state's share of CSR contributions currently stands at a mere three per cent of the total CSR contributions in the country.

Expressing discontent with the poor flow of CSR funds from the state industry, the Chief Minister stressed that there is a need for the state to receive a greater share of CSR funds and also the utilisation.

The state government officials were directed to take strict measures in this direction.

The officials were also asked to take measures to ensure corporate companies and industries in the state provide more CSR funds and spend them within Telangana.

Chief Minister Revanth Reddy instructed officials to study the strategies adopted by other states for mobilising CSR funds.

He stressed that the new policy should be formulated to facilitate an increase in the share, advocating for the adoption of approaches designed to attract corporate entities.

- IANS

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Reader Comments

P
Priya S
Good initiative! But I hope this doesn't become another platform for photo-ops and felicitations. The focus should be on ground-level projects - clean water, schools, healthcare. The portal must show real-time updates on fund usage and project completion. Accountability is key.
R
Rohit P
Only 3% share of national CSR funds for a state like Telangana? That's surprisingly low. Our IT and pharma companies are major contributors nationally. The policy should incentivize them to invest more locally. Maybe tax benefits or faster clearances for projects where they contribute CSR?
S
Sarah B
As someone working in corporate sustainability, a centralized portal is a great idea. It reduces the hassle for companies looking for credible projects. The challenge will be maintaining it and ensuring the government departments are responsive to corporate partners.
V
Vikram M
Felicitating companies is fine, but what about the communities who benefit? The policy should mandate that success stories from villages and towns are highlighted more than the corporate logos. Let's put the 'Social' back in CSR.
K
Karthik V
Hope they study Gujarat's model. They have done excellent work in channeling CSR funds into education and skill development. Telangana has huge potential in renewable energy and tech skilling projects that can attract CSR. A focused approach is needed.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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