How and who authorises Associations with economic nature to accept foreign contribution ? Enumerate the list of activities carried out by association with economic nature ?
CS Professional · CSR and Social Governance · PYQS · June 2025
How and who authorises Associations with economic nature to accept foreign contribution ? Enumerate the list of activities carried out by association with economic nature ?
Answer & Explanation:
Associations having definite cultural, economic, educational, religious or social programme can accept foreign contribution only after obtaining either prior permission from the Central Government or registration under the Foreign Contribution (Regulation) Act 2010. Following are illustrative but not exhaustive list of activities which may be permissible and may be carried out by associations of different nature. Economic: Following but not being commercial or profit-making activities: Micro-finance projects, including setting up banking co-operatives and self-help groups. Self-sustaining income generation projects/schemes. Agricultural activities. Rural development programmes/schemes. Animal husbandry projects. Setting up and running handicraft centres/cottages and khadi industry/social forestry projects. Vocational training, tailoring, motor repairs, computers etc. Projects for income generation activities or any other developmental projects for urban slum development. Any other activities related to the above, not being commercial activities.
Topics: Foreign Contribution (Regulation) Act, 2010 (FCRA)
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