Eye on CSR-I: Listed govt firms contributed Rs 2,900 crore to PM CARES

The first of a three-part series on corporate social responsibility (CSR) explores allocations to the PM CARES Fund. The analysis is in the context of easing of CSR disclosure rules in annual reports

Government-run firms accounted for the majority of donations that listed entities made to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund. 

They contributed at least Rs 2,913.6 crore between 2019-20 and 2021-22, according to an analysis of the data collated by tracker primeinfobase.com for all the companies listed on the National Stock Exchange. 

Business Standard identified 57 companies in which the government had a significant stake to reach the aforementioned amount. Their contribution accounts for more than the cumulative donation made by 247 other firms to the fund – 59.3 per cent of total donation