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CSR Fundraising Gets Serious for Colleges in Madhya Pradesh

The Department of Higher Education has made a plan aiming CSR (Corporate Social Responsibility) funds to upgrade their infrastructure of colleges in Madhya Pradesh. The department has also instructed them to constitute bodies at various levels depending on amount fund to pursue the case.
Colleges in Madhya Pradesh have been told to target CSR funds especially to upgrade their classrooms, develop rain water harvesting system and to upgrade their computer laboratories.

Special committee for CSR fundraising

The department has asked the officials to form committees to deal with corporates for their funds. A dedicated cell has been made at additional director level to guide the colleges in Madhya Pradesh about it.

College principals and additional directors have been authorized to send letters and pursue cases for CSR with companies having a turnover up to INR 100 crores. Proposals for companies having a turnover from INR 100 crore to INR 500 crores will be sent to the commissioners’ office from where they will be directed to the companies concerned.

Proposals for above Rs 500 crore turnover companies will be directly handled by the higher education minister. All colleges will appoint a dedicated nodal officer to pursue CSR funds to complete the basic needs of their college. The department has also kept motivating incentives for the principals who bring in CSR funds above INR 50 lakhs for colleges in Madhya Pradesh.

29.37 crore rupees to three varsities

Department of higher education has issued INR 29.37 crores to three universities – Barkatullah University Bhopal, Jiwaji University Gwalior and Devi Ahilya University Indore to develop them as centres for excellence. Placement cells of these universities besides developing other facilities will be developed through these funds.