Education made up 33% of firms' CSR spend in FY23, shows govt data

Education continues to get the highest amount under companies’ corporate social responsibility (CSR) expenditure with Rs 10,085 crore, the largest ever, in FY23, according to the government data. 

As the government nudges top companies to direct their corporate social responsibility expenditure towards the proposed internship scheme, education accounted for one-third of the CSR spend in FY23. However, the amount spent on vocational skills under CSR was much less at Rs 1,164 crore in FY23, marginally up from the Rs 1,033 crore in the previous year. 

The Centre wants companies to direct their CSR more towards skilling and