Overview
- Chief Minister A. Revanth Reddy, in a Thursday review meeting, cleared a special policy, a dedicated CSR cell, and a Telangana CSR Portal to mobilize more Corporate Social Responsibility funding.
- He said companies based in the state should spend at least 50% of their CSR money within Telangana and asked officials to draft measures to achieve that target.
- The government will hold annual awards during the State Formation Day celebrations to honor firms that make major CSR contributions to the state.
- Officials told the Chief Minister that Telangana receives about 3% of India’s total CSR spending, and he ordered a study of other states’ tactics to boost both inflow and in-state use.
- CSR in India requires qualifying companies to fund social projects, and the planned cell and portal are meant to list department-ready projects and make it easier for firms to pick and fund work that fits their priorities.