Gujarat Sees Massive Surge in CSR Expenditure, Reaching ₹4,549 Crore in FY 2024-25
Summarized by AI; it may make mistakes. Check important info
Summarized by AI; it may make mistakes. Check important info
Corporate Social Responsibility (CSR) spending in Gujarat experienced substantial growth over the three financial years, rising from ₹2,066.67 crore in FY 2022-23 to ₹2,780.14 crore in FY 2023-24, and surging to ₹4,549.10 crore in FY 2024-25. The figures were disclosed by Minister of State for Corporate Affairs.
Key Sectors Receiving Allocations
Education and Health Care emerged as the primary recipients of corporate contributions in Gujarat:
Education: Led overall spending, growing from ₹850.98 crore in FY 22-23 to ₹1,045.41 crore in FY 23-24, and reaching ₹1,413.30 crore in FY 24-25.
Health Care: Allocated ₹511.10 crore in FY 22-23, ₹471.08 crore in FY 23-24, and ₹851.64 crore in FY 24-25.
Environmental Sustainability: Witnessed a sharp rise, moving from ₹116.86 crore (FY 22-23) to ₹735.81 crore (FY 24-25).
Other Sectors: Training to Promote Sports rose to ₹300.10 crore in FY 24-25, while Vocational Skills stood at ₹202.30 crore. Rural Development Projects received ₹183.56 crore, and Livelihood Enhancement Projects received ₹175.71 crore in FY 24-25.
District-Wise Expenditure Trends
CSR funds showed high concentration in industrial hubs and major urban districts:
Ahmedabad: Recorded the highest total spending, receiving ₹836.10 crore (FY 22-23), ₹784.94 crore (FY 23-24), and ₹1,545.78 crore in FY 24-25.
Jamnagar: Experienced dramatic growth, rising from ₹28.49 crore in FY 22-23 to ₹864.25 crore in FY 24-25.
Vadodara & Surat: Vadodara reported ₹334.07 crore, while Surat received ₹299.02 crore in FY 24-25.
South & Tribal Gujarat: In South Gujarat, Valsad received ₹110.54 crore and Bharuch recorded ₹135.20 crore in FY 24-25. Tribal-dominated districts such as Dahod saw spending jump to ₹110.48 crore, while Dangs received ₹7.19 crore in FY 24-25.
The Ministry clarified that under the Companies Act 2013, CSR is a board-driven process. While companies are encouraged to give preference to local operational areas, the government does not mandate specific geographic or sector-wise allocations.
