A policy soon to channel CSR funds in education: Karnataka Deputy CM Shivakumar

Karnataka government to mandate corporates to direct CSR funds to education, aiming to boost employment and industry growth.

The government of Karnataka will soon formulate a policy to mandate corporates in the states to direct their Corporate Social Responsibility finds to education, said D. K. Shivakumar, Deputy Chief Minister, Karnataka.

‘We are planning a policy wherein corporates will be mandated to direct their CSR funds to education this year,” he said while addressing industry representatives at the 47th Annual General Meeting of the Bangalore Chamber of Industry and Commerce (BCIC) on August 3.

This was aimed at addressing the issue of employment, he said.

“.We are also planning Karnataka model schools and urge corporates to come forward and adopt these schools. Jobs can be created only if there are job creators i.e. industry, “he stated.

Shiva Kumar further said the whole world was looking at Bengaluru and Karnataka and therefore the growth of the city was very important.

“The Government is committed to stand with the industry and provide all necessary assistance for growth..”

The Deputy Chief Minister also said the government was planning a new tourism policy for Karavali to enhance the local economy, adding a special cell to provide hassle free assistance for all investors was also in the offing.