NGOs to seek monitoring of CSR fund spending

Non-Governmental Organisations(NGOs) engaged in environment conservation have decided to approach the district administration to press the need for a cell for the monitoring and effective utilisation of funds spent under the Corporate Social Responsibility (CSR).

Vanitha Mohan, industrialist and managing trustee of Siruthuli NGO, who mooted the idea said that such a cell was needed so that companies spend their CSR funds and they reach the right beneficiaries.

“As per conservative estimate, the CSR funds available in Coimbatore is around ₹ 300 crore. Vital projects like groundwater conservation and afforestation can be implemented effectively even if a meagre share of the total CSR funds made available,” she said.

According to her, the CSR monitoring cell should have representatives from industrial bodies, auditors, district administration and NGOs. “District Collector has agreed to conduct a meeting of various stake holders to discuss the initiative,” said Ms. Mohan.

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