Rs.1900 Crores from 37 PSUs, transferred to PM Cares Fund under CSR
Dr. Anil Jaggi, PhD
ICT4D ! CSR ! Writer & Author ! SDG Enthusiast ! Social Entrepreneur
Rs.1900 Crores from 37 PSUs, transferred to PM Cares Fund under CSR
Great and very kind gesture from Maha-ratna PSUs like ONGC, NTPC, India Oil, Coal India etc. but it was only Govt. funds , transferred to Govt. on the name or rename under CSR.
Just before closing of financial year 2019-20, PM Cares Fund was launched & within 4 days, Crores of Rupee were donated/contributed or collected under this.
Many reasons to raise this issue, 1st, yes it was call from PMO, so saying No is out of Questions for Govt. PSUs or they are more than happy to transfer these funds to PM Cares to build their own image/PR/brand, 2nd no Audit objection or risk of any vigilance enquiry or any due diligence, 3rd it is always easier to sign a single Cheque rather than working on many projects. 4th, its national and global disaster so urgency of funds is always there.
But was this important to transfer or contribute only from CSR funds or do they have any other option to offer for this national emergency call.
We know, Indian Social sector under the civil society organisations (CSOs) is powerful network to reach at grassroots and work with community. Had this funds given to them under any Covid-19 related emergencies tasks, the impact would have been different.
It is quite obvious that Central Govt. will allot collected funds to respective state Govt.’s. Pan India and again state Govt. will act under Govt. guidelines to spend allotted funds, most likely through local CSOs/NGOs etc.
Should we expect some major change in the working behavior of state Govt. for this new grant /CSR funds received from PSUs and India Inc. or will they change or transform the landscape of their working culture, I doubt.
Another part of any CSR support to state Govt. from India Inc., is not considered as CSR fund. So why to do this lengthy exercise to route this support thru New Delhi.
Better India Inc. take up this task in partnership with local & effective CSOs/NGOs directly, related with Corona pandemic, as Pvt. sector has better eco-system to identify partners ,allot funds, monitor the progress of projects and bring tangible impacts with less overheads.
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