BB issues guideline on CSR fund allocation December 23, 2014 § Bangladesh Bank has outlined an indicative guideline on allocation of Corporate Social Responsibility fund, giving priority over education segment. § The guideline was issued in the back drop of increased level of financial involvement in CSR activities that have raised concern about ensuring allocation of the fund and its proper use and monitoring. § Around 30% of total CSR expenditure should be used for awarding scholarship or stipend for students from low-income family in reputed academic and vocational training institutions and also for support to upgrade facilities in academic and vocational training institutions. Some 20% of CSR fund should go to health care for underprivileged population. § The remainder of CSR fund should be allocated for areas like emergency disaster relief, promotion of environmentally sustainable output practices and lifestyles and enhancement of artistic, cultural, literary, sports and recreational facilities for underprivileged segments. § CSR units in banks and financial institutions will draw up CSR programs and implement those annually. From dhakatribune/banks/2014/dec/23/bb-issues-guideline-csr-fund-allocation
Posted on: Tue, 23 Dec 2014 19:04:02 +0000
Trending Topics
Recently Viewed Topics
© 2015