Governor N.N. Vohra has called for judicious use of funds available under Corporate Social Responsibility (CSR) for development of the most deserving and needy people in far flung backward areas of the State. He was inaugurating the “NGO Conclave on Leveraging CSR” organized by “Bunyaad Foundation” at Gulshan Ground, Jammu, today.
The Governor complimented the Bunyaad Foundation and observed that as per the Companies Act, 2013, every company with a turnover of Rs. 5 crore or more is mandated to spend 2% of its profits on social issues under its Corporate Social Responsibility (CSR). Governor stressed the need for Government to establish close linkages with the Companies which have CSR obligation and ensure prioritised utilisation of the CSR funds. Such an approach would promote focused development in identified sectors and geographical areas, to supplement the development programmes which are being implemented by the State Government.
A fully coordinated Government–NGO approach, he stressed, would go a long way to promote welfare, particularly in areas like adult literacy, clean drinking water, primary health care etc. The Governor recalled that earlier this year, during the period of Governor’s Rule, he had set up a group of officers, including Planning and Finance Secretaries, to take a holistic view of the total funds available under CSR and how the same should be utilised to secure maximum gain for the people. He was unaware whether this group had ceased to exist..