Corporates Fundings to Tech Incubators to be Treated as CSR Spend
21 April 2019 8:41 AM GMT
In September last year, government had set up an 11-member high-level panel to review the existing framework, guide and formulate the roadmap for a
- Corporates Fundings to Tech Incubators to be Treated as CSR Spend
- Now in a latest after six months of setting up the panel, the panel is likely to suggest tweaks and widen the definition of CSR , which would allow funding to all incubators to be counted towards CSR spend, reported Economic Times citing government officials aware to the development.
- If the suggestion by the panel incorporated then funding to all the technology/ startup incubators in the country will qualify for CSR spending.
- Corporate social responsibility (CSR) is a company's efforts to improve society in some way or other that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders.
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