CSR Projects Impact Assessment in India

CSR Projects Impact Assessment

The ‘CSR Amendments Rules 2021’ under the Companies Act 2013, has clearly outlined mandatory Impact Assessment of CSR projects for certain class of companies and certain project types. As per the amendments:

Companies with minimum average CSR obligation of Rs. 10 crore or more in the immediately preceding 3 financial years
Companies that have CSR projects with outlays of minimum Rs. 1 crore and which have been completed not less than 1 year before undertaking impact assessment
Companies can budget maximum 5% of the CSR spent (actual spent) or INR 50 Lakh for the CSR impact assessment, whichever is lesser
The CSR impact assessment report will be annexed to the annual report on CSR

CSRBOX Advisory and Consulting Services for Corporate

CSRBOX has been working on CSR project lifecycle for companies and CSR foundations since the CSR became mandatory in India. Our CSR project services cover:

Our Clients

Few of Our Recent Projects

ICICI Foundation Impact Assessment of Livelihood Initiative - ICICI Academy for Skills

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In 2013, ICICI Foundation launched its first ICICI Academy for Skills (Academy), providing a new horizon to the country’s lesser privileged youth.

ICICI Lombard Impact Assessment of Ride to Safety Project

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The Ride to Safety Programme by ICICI Lombard was initiated that includes annual sensitisation workshops targeting children, making them aware of life-saving road safety rules

Arvind Foundation Need Assessment Survey of 60 Villages near Ahmedabad, Gujarat (Ongoing)

The need assessment study is being conducted to analyse the current situation in 60 villages to derive need-driven interventions to be initiated under CSR interventions by Arvind.

In-house team of Social Sector thematic experts
Data Analysts and Researchers
Native Call Centre for data collection (during COVID scenario)
Communication Experts to work on Impact Compendiums
Track record of timely completion of large-scale assessment studies (6-8 weeks)
Pan India Presence
Can handle multiple projects concurrently

Relevant Articles

How can companies plan for CSR impact assessment in India as per the CSR Rules?

The Ministry of Corporate Affairs, Govt. of India issued the Amended CSR Rules in the beginning of the year 2021 and it brought in many changes in terms of CSR fund usage, CSR project implementation and CSR projects’ impact assessment.

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What are the Essential Components of the CSR Impact Assessment under CSR Compliance?

Social and environment sectors CSR projects’ execution differs from project to project to cater to localised needs and level of stakeholder engagement. While there are multiple frameworks of CSR impact assessment

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How to Draft the Terms of References for a Third Party CSR Impact Assessment RFP?

If you are a company in India and the mandatory CSR provision is applicable to you, then you must be thinking about ‘CSR impact assessment’ for your CSR projects, CSR activities and/or CSR programs (applicable to certain set of companies).

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