CORPORATE SECTOR PARTICIPATION FOR
RURAL DEVELOPMENT
LOK SABHA
Government has constituted
a National Fund for Rural Development since tackling problems
of rural poverty needs a national effort and Government would
like to encourage individuals, corporate and nor-corporate bodies
to participate in this venture. The Donors can make unconditional
and irrecoverable donations to the Fund. Such donations by Income
Tax Payees are entitled to be deducted while computing taxable
income. The Fund is used for giving financial assistance by way
of grants and it is strict condition of the grant that the benefit
of the programmes of rural development should flow to the public
in general in the area.
In the year 2003-2004,
budget provision of Rs.5 crore has also been made for Public-Private
Partnership as Part of the Special Programme for Rural Development.
This was informed by Shri Anna Saheb M.K. Patil, Minister of State
for Rural Development in written reply in Lok Sabha today.
