The Government of Assam intends to create an environment that will increase the total volume of CSR investments in Assam and ensure alignment between the Government ’s developmental agenda and the CSR initiatives through this CSR policy. To this effect, this Policy outlines a list of priority sectors for CSR in Assam, describes the roles of various key stakeholders, and provides a blueprint for the institutional setup within the State Government. CSR Council of Assam (CSRCA) shall mean the Council constituted under the CSR Policy of Assam.
Objectives of Assam Government’s CSR Policy
- To create a conducive environment for attracting CSR investments, corporate governance, and best management practices to address various developmental challenges.
- To establish partnerships with corporations and social organizations.
- To create a framework for dealing with implementation issues and to mobilize support for the CSR activities
- To make available meaningful CSR projects which will not only give an opportunity to fulfil CSR obligations but also create a sustainable, positive impact on underprivileged communities and deprived sections of society as well as on biodiversity conservation.
The Policy applies to those CSR projects under which a corporation extends CSR funds to any project wherein a Government entity is involved in either one or more of the following activities: procurement, implementation , review and monitoring, or Operation & Maintenance. The project can either be an existing scheme of the Government or a new project designed by the corporation or any other stakeholder.
The Policy does not apply to a project wherein the Corporate applies CSR funds on its own and wherein any Government entity is not involved infunding, procurement, implementation , review and monitoring, or Operation & Maintenance of the project.
The Policy is to be read and interpreted along with the Operational Guidelines issued per this Policy’s provisions. Based on the focus areas of the State and the provisions of the Companies Act 2013, the illustrative priority sectors and area/population segments for CSR funding have been mentioned below. The State will take measures and focus on CSR funding in these sectors.
Since Assam is also one of the pioneer states in adopting SDGs, the focus shall be maintained to ensure that CSR activities are aligned and contribute towards achieving the State’s SDGs. However, CSR funds can be taken up in other sectors as well. However, any activity undertaken under this Policy should be allowed under the provisions of the Companies Act.
