MCA invites entries for first National CSR Awards. 30.09.2018 is last date for filing nominations

There are a total 20 number of prizes for National CSR Awards. The companies will be contesting in the award process having 3 categories are as follows:

1. Corporate Awards for Excellence in CSR:

• Recognition to a company based on total eligible CSR Spend (four):
• Companies having eligible CSR Spend equal and above Rs 100 crores
• Companies having eligible CSR Spend between Rs10 crores and Rs99.99 crores
• Companies having eligible CSR Spend between Rs1 crore and Rs9.99 crores
• Companies having eligible CSR Spend below Rs1 crore

Honourable mention: In addition to four main awards, there may be four honourable mentions of companies, which have undertaken appreciable CSR activities.

2. Corporate Awards in CSR in Challenging Circumstances:

Recognition to a company based on its CSR efforts in challenging circumstances, aspirational districts, difficult terrains/ disturbed areas, etc. (up to five awards):

• North
• North East
• East
• West
• South

One Award is earmarked for MSME only in this category. CSR intervention in alignment with Category Objective carried out by Small & Medium Enterprise with in section 135 of Companies Act 2013 & rules there in, shall be considered for National CSR Awards in this Category.

Honourable mention: In addition to five main awards, there may be five honourable mentions for companies which have undertaken appreciable CSR activities.  

3. Upto 11 Awardees to be chosen based on contribution to National Priority Schemes so as to motivate corporates to spend in these areas. National Priority Areas, as reflected through important schemes of Government of India.

Two Awards are earmarked for MSME only. CSR intervention in alignment with Category Objective carried out by Small & Medium Enterprise with in section 135 of Companies Act 2013 & rules there in, shall be considered for National CSR Awards in this Category.

Honourable mention: In addition to eleven main awards, there may be eleven honourable mentions of companies which have undertaken appreciable CSR activities.

Ministry of Corporate Affairs (MCA), Government of India has instituted National CSR Awards 2018 to recognize corporate initiatives in the area of Corporate Social Responsibility (CSR) to achieve inclusive growth along with inclusive and sustainable development. Indian Institute of Corporate Affairs (IICA) is rendering technical and logistics support to the Ministry in conduct of the Awards.

With the enactment of Companies Act, 2013 containing the CSR provision under Section 135, the mandate for CSR has now become a part of corporate functioning in the country. While several companies have traditionally been undertaking CSR activities to betterment of communities around, with the introduction of legislative mandate, the contributions of companies in this direction are now becoming more streamlined. The framework laid down under the Section 135 along with rules therein, the CSR mandate under the Act is an attempt to infuse corporate innovations in the form of approach, usage of technology, expertise etc to developmental challenges faced by the country. CSR Projects undertaken by companies are expected to throw up innovative solutions to specific problems in the domains of social, economic and environmental challenges.

Source: PIB