In a testament to corporate India’s social conscience, CSR expenditures have skyrocketed beyond ₹1.44 lakh crore over the past five years (FY 2019-20 to 2023-24), as revealed by the Ministry of Corporate Affairs (MCA) in Parliament.
Responding to a Rajya Sabha query, Minister Harsh Malhotra detailed how comprehensive CSR data is now at public fingertips via the MCA21 portal, offering granular insights by region, timeframe, firm, and initiative.
Boards hold the reins on CSR strategy—from ideation to oversight—ensuring accountability. Mandatory impact studies kick in for qualifying companies: those averaging over ₹10 crore CSR liability in the prior three years must scrutinize projects worth ₹1 crore+ via third-party auditors, post one-year completion.
MCA21’s efficiency shines through 3.84 crore filings from 2021-2025: a whopping 3.33 crore greenlit automatically, 40.8 lakh manually approved, and just 8.3 lakh turned down.
Enter MCA21 V3, the next-gen upgrade revolutionizing compliance. Packed with innovations like seamless web submissions, specialized modules for LLPs and companies, digital enforcement tools, adjudication, consultations, and interactive learning platforms.
User support is robust too—a help desk tackled 3.16 lakh+ tickets by early 2026 in FY25-26, nailing 98% resolutions on issues from tech hiccups to process tweaks.
As Malhotra put it, this high-volume portal demands perpetual refinement. The surge in CSR and portal prowess signals a maturing ecosystem where businesses drive inclusive growth, aligning shareholder value with societal impact.