A total amount of rupees 4,094 crore has been spent in Tamil Nadu by the corporates under the Corporate Social Responsibility (CSR) between the years 2014-2020, said a study by Sattva Consulting.
There are at present, five corporates that contributes over rupees 500 crore annually through CSR itself.
The study was released on the sidelines of the first Tamil Nadu CSR Summit 2021 which was organised by Sattva Consulting in a collaboration with Madras Management Association (MMA) and Dhwani Foundation.
Tamil Nadu is among the one of the top performing states on the UN Sustainable Development Goals (SDGs).
The study adeed that the state has a combined SDG score that includes all important development sectors which includes health, education, employment, sanitation, energy, among others and the state ranks second on NITI Aayog's SDG Index 2020-21.
As per to the Sattva's study, rupees 92,605 crore of CSR funds were spent by the Indian corporates since 2014 when it became a law and Tamil Nadu got rupees 4,094 crore.
In the previous two financial years from 2018-2019 and 2019-2020, the southern state had received over rupees 800 crore each from different corporates across the nation.
Companies headquartered in Tamil Nadu had also played a key role with 72 percent of CSR funds received coming from them.