CSR – Scope

Looking at India’s daunting healthcare challenges. The quality of healthcare services in India is alarming.

Annual spending by the Government on the sector remains one of the lowest, globally.

Though in recent past Government has allocated budget almost to spending double.

NGOs are tirelessly working in this sector.

Also, CSR policy mandate in India has shown significant improvement.

Healthcare is the key CSR focal point for all big healthcare companies & other corporate giants. Types of CSR spending & activities done remains much the same for all: mobile vans, medical camps, awareness sessions, sanitation, etc.

Although these are the steps in right direction, reorientation of thinking to utilize CSR funds is badly required.

From the wealth of experience gathered over the past many years, it appears to be high time to diversify and invest in long term, impact full CSR which brings us to the preventive health care measures mainly.

India’s top 200 companies spend around Rs. 1500 crores on healthcare and wellness. About 24% of the total spend on CSR is focused on Healthcare. Still, real fact is that: India really needs to reinforce its healthcare infrastructure and improve its health indicators.

Our focus is on preventive & curative healthcare and promotion of good health.

What we have observed is

Necessary funds are in place… intent is there… But revised planning and change in direction of spending these funds is badly required.

CSR funds requires to be used more and more for innovation in medical devices to deliver healthcare in portable, convenient and cost-effective way.

We at VHC have clear plans to strengthen the efforts of governments, NGOs and corporate houses struggling to improve healthcare system in India.

“Support us/partner with us for building healthier India.”

CSR Act/notification Details

* The companies Act 2013 requires companies to spend 2% of their profits of the previous three years on CSR activities.

* Ministry of Corporate Affairs had clarified on March 23 that support for COVID-19 related activities would qualify as CSR spending. General circular No 10/ 2020, No 05/01/2019 CSR, Govt Of India, Ministry of Corporate Affairs 22.03.2020.