Now Reading: Karnataka targets Rs 9,700-crore CSR funds by 2028-29
-
01
Karnataka targets Rs 9,700-crore CSR funds by 2028-29
Karnataka has set a target to receive Rs 9,700 crore in CSR funds by 2028-29, up from Rs 3,395 crore spent in FY 2024-25. The state currently ranks third nationally, with about…
The Story in Brief
Karnataka has set a target to receive Rs 9,700 crore in CSR funds by 2028-29, up from Rs 3,395 crore spent in FY 2024-25. The state currently ranks third nationally, with about 8-9 percent share of the CSR pool, as per the Karnataka Digital Economy Mission. Chief Minister D K Shivakumar, speaking at a CSR conclave, called the current spending "very low" and said a senior IAS officer will monitor a new policy to oversee expenditure.
KDEM CEO Sanjeev Kumar Gupta said Karnataka spends 49 percent of its CSR funds on education, above the national average of 46 percent. Bengaluru Urban and Rural accounts for 65-70 percent of the state's CSR funds, with less than 10 percent going to other cities. Shivakumar also asked big educational institutions to adopt one government school each, and announced that children from urban schools will soon be required to stay in villages to experience rural life.
The Indian Opinion
The claim that Karnataka will almost triple its CSR haul in four years sounds like the typical boosterism of a conclave. Whether the state actually pulls ahead of Maharashtra and Gujarat depends not on targets but on the IAS officer who will monitor the new policy. The real test: will the share of funds going to districts outside Bengaluru rise above the current 10 percent or will the city keep cornering the bounty?
Sources (2): timesofindia.indiatimes.com, deccanherald.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
