New Delhi, November 25, 2024 – The Ministry of Corporate Affairs presented an overview of Corporate Social Responsibility (CSR) fund utilization in India during the last three financial years in response to an unstarred question raised in the Lok Sabha. The data highlighted state-wise and sector-wise expenditures, as well as the steps taken to ensure adherence to CSR rules and guidelines. Key Findings on CSR Expenditure According to the Ministry, a total of ₹26,210.95 crores, ₹26,616.30 crores, and ₹29,987.92 crores were spent on CSR activities in FY 2020-21, FY 2021-22, and FY 2022-23, respectively. Major areas of spending included: State-wise, Maharashtra emerged as the top recipient of CSR funds, with ₹5,497.32 crores in FY 2022-23, followed by Karnataka and Delhi. CSR Fund Utilization Practices The Ministry clarified that under Rule 2(1)(d)(iv) of the Companies (CSR Policy) Rules, 2014, CSR activities benefiting only employees do not qualify as CSR.