Setting up of hostels for women and orphans as well as efforts that benefit armed forces veterans, war widows and their dependents will come under the ‘Corporate Social Responsibility’ spending ambit.
With the government notifying norms for CSR spending by companies, Corporate Affairs Minister Sachin Pilot on Thursday said the rules had been finalised after extensive discussions with all stakeholders.
Besides setting up homes and hostels for women and orphans, setting up old age homes, day care centres and such other facilities for senior citizens would be considered as CSR activities by the government.