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Naveen seeks CSR contribution to Chief Minister’s Relief Fund

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Bhubaneswar: Chief Minister Naveen Patnaik on Thursday appealed to Prime Minister Narendra Modi to bring an amendment to the Companies Act 2013 to facilitate the contribution of Corporate Social Responsibility (CSR) funds to the Chief Minister’s Relief Fund (CMRF) for augmentation of its resources.

In a letter to PM Modi, Patnaik said, “The Odisha CMRF, like that of other states, uses its fund for various pro-poor activities like medical relief to poor persons, ex-gratia to the families of victims of unnatural disaster, compensation to road/ train accident victims, funeral assistance to poor families, providing body carriers (hearse) facilities named “Mahaprayan” and many such purposes.

The CM said, “The Odisha CMRF has shown its generosity by even providing relief to victims of other states/ country such as Jammu & Kashmir & Nepal in the event of severe natural calamity there.”

“Looking into the gamut of its activities, it is felt that there is a need to augment the funds for CMRF. A number of eligible poor are still left unattended by the CMRF,” the BJD president added.

“In the above circumstances, it is pertinent to mention that the shortage of resources in CMRF can be addressed, to some extent, through the CSR fund of the public/ private companies,” Patnaik further wrote.

Section-135 of the Companies Act, 2013 & CSR Policy Rules, 2014 mandate that from April 1, 2014, every company, private limited or public limited, which, either has a net worth of Rs. 500 crore or a turnover of Rs. 1000 crore or net profit of Rs. 5 crore, has to spend at least 2 % of its average net profit on CSR activities, the CM added.

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