I am sure you must be believing that the CSR funds are going to the states which need it the most. However, the data suggests otherwise.
Let’s take an example of Bihar. We all know that Bihar faces significant challenges like high poverty rates, low literacy levels and inadequate infrastructure.
So, officially, Bihar should get a major percentage of CSR funds. Shouldn’t it?
However, the data is quite shocking. The data from CSR spending (FY 2020-21) reveals that Bihar, home to 9% of population, surprisingly receives 0% of these funds. In fact, a staggering 56% of the population living in different states gets less than 20% of the total CSR funding.
Despite the need for more funds in underserved states with low Sustainable Development Goals scores and high poverty levels, fewer than 2% of CSR funds reach these areas.
On the contrary, wealthier states continue to receive most CSR funding, which are already benefiting from a historical trend of attracting more private investment. For instance, Maharashtra which receives higher than 25% of the total CSR spends.
What do you think about it? Let us know in comments