PROPOSED PROJECT:The proposed project must be in line with the provisions of Schedule VII of Section 135 of The Companies Act, 2013 and the CSR Rules 2014, and its amendments/clarifications.
The proposed project must be in rural area/s.
The proposed project must be designed for direct implementation by the applicant organization. Sub-granting of HCL funds is not allowed.
The proposed project must be designed for a grant amount of ₹ 5 Crores (to be received from HCL Foundation) for a period of 3 years. It can be co-funded by a suitable donor that the applicant organization can bring onboard for any additional amount. However, HCL Foundation must be apprised of all funders and stakeholders in advance. Additionally, the organization must report the utilization, outreach, and impact explicitly achieved through the HCL Grant fund.
The grant amount must not be used solely for infrastructure development such as construction, renovation, purchase of fixed assets like land, buildings, and vehicles, among others. Further, proposed infrastructure development costs must be spent in line with project objectives and activities defined.
HCL Grant funds can be used to scale-up an existing project or for a new project where co-funding is involved. However, HCL Foundation must be apprised of all funders and stakeholders in advance. Additionally, the organisation must be able to report the utilization, outreach and impact achieved specifically through the HCL Grant fund.
ELIGIBILITY CRITERIA:The organization must be a registered not for profit entity in India i.e. either a Society or a Trust or a Section 8 (previously Section 25) company or any other organization (as prescribed under Section 135 of The Companies Act, 2013, the CSR Rules 2014, and its amendments).
The organization must have registered u/s 80G of The Income-tax, 1961. (including organizations who have successfully submitted application for renewal of 80G certificate, subject to further scrutiny).
The organization must have the below-mentioned functional existence (as per their registration certificate) in India on or before 31st March 2022:
If applying under Education, Health and Environment category – minimum 5 years or above
The organization must be in full compliance with applicable regulatory rules and must have valid documents for registration, audited financial reports, etc. Further, the organization must have valid and timely submissions for requisite statutory and regulatory compliances (wherever applicable). These shall cover (but not limited to) income tax, employee provident fund, professional tax, minimum wages, employee state insurance, goods and service tax and FCRA and / or other relevant regulation depending on the nature of funding/donations it receives.
The organization must have registered u/s 12A of The Income-tax, 1961. (including organizations who have successfully submitted application for renewal of 12A certificate, subject to further scrutiny.)
The organization must have registered with the Ministry of Corporate Affairs as CSR Implementing Agency through Form No. CSR-1. (including organizations who have successfully submitted application, subject to further scrutiny)
The organization must have the below mentioned average expenditure (as per income & expenditure account) for the last three financial years viz. 2018-19, 2019-20 and 2020-21:
If applying under Education and Health category – minimum ₹ 1 Crores or above
If applying under Environment category – minimum ₹ 0.50 Crores or above
If at any point in time, during the entire evaluation process, any organisation is noted to have furnished false or wrong information, the organisation will get disqualified from HCL Grant.
contact : hclgrant@hcl.com
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