CSR funds can be spent for Awareness and public outreach on COVID-19 Vaccination programme.
Please find attached circular issued by MCA (Clarification on spending of CSR funds for Awareness and public outreach on COVID-19 Vaccination programme) . The brief summary of the circular is detailed below:
|2||Subject||Clarification on spending of CSR funds for Awareness and public outreach on COVID-19 Vaccination programme|
|4||Applicability||As per circular attached|
|MCA has further clarified that spending of CSR funds for carrying out awareness campaigns/ programmes or public outreach campaigns on COVID-19 Vaccination Programme is an eligible CSR activity under Schedule VII of the Companies Act, 2013.|
|5||Impact||This step has been taken to give another option to companies to invest their profit in welfare to the society.|