Mizoram & Nagaland Least-Favored Destinations for Corporate Philanthropic Activities in India

Guwahati, November 21, 2019:

The Finance Ministry has revealed that the Northeast Indian states of Mizoram and Nagaland are the least favoured destinations for corporate philanthropic activities in India in the form of their Corporate Social Responsibility (CSR).

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According to data by provided by the Minister of Finance and Corporate Affairs, Nirmala Sitharaman on November 18 in reply to a Starred Question in the Lok Sabha, in the last three financial years, CSR expenditure in Nagaland was only Rs 2.24 crore. In Mizoram, the expenditure was even less, at Rs 1.38 crore.

Although none of the Northeastern states saw high numbers being spent in the name of corporate social responsibility, Assam saw the highest expenditure at Rs 164.60 cr, Rs. 269.92 and Rs 86.23 respectively in the last three financial years – 2015-16, 2016-17, 2017-18. Arunachal Pradesh received the second highest at Rs 1.48 cr, Rs  24.05 cr and Rs. 11.94 cr  respectively during the same period.

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However, CSR expenditure has seen a decline across the nation during the past few years, reportedly because of a declining economy. In the last three years, CSR expenditure has declined from Rs 14,517.19 cr in 2015-16 to Rs 14,329.53 in 2016-17. CSR expenditure further fell to Rs 13,620.51 in the last fiscal.

While Maharashtra garnered the lion’s share of CSR’s expenditure garnering a total of Rs 2,527.04 crore, Karnataka at Rs 950.92 cr last fiscal was in distant second.

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