Indian Institute of Corporate Affairs Provided Grants-in-Aid Beyond the 12th Plan Period (Download PDF)

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The Union Cabinet gave approval for continuation of scheme on Indian Institute of Corporate Affairs (IICA) for another three financial years (FYs 2017 - 18 to 2019 - 20) and providing Grants-in-aid of Rs. 18 crore. The plan is to make the Institute self-sustainable by the end of FY 2019 - 20.

Image of Indian Institute of Corporate Affairs

Image of Indian Institute of Corporate Affairs

Image of Indian Institute of Corporate Affairs

Impact of the Decision

  • Allows the institute to conduct training programs, research activities, and projects in partnership with public and private sector in the niche areas of Corporate Governance to enhance employability.

  • Allows the institute to become a prestigious institute in the field of Corporate Laws while enhancing its resources and revenues.

  • IICA can become an Institute of National importance becoming an engine of growth.

  • Improvement in professional competence professionals in tapping employment opportunities in emerging corporate areas including those in overseas.

What is IICA?

  • IICA is based in Gurgaon, Haryana.

  • The Indian Institute of Corporate Affairs (IICA) was registered as a society on September 12, 2008 under the Societies Registration Act, 1860.

  • It is an autonomous institute under the Ministry of Corporate Affairs delivering opportunities for research, education, and advocacy.

  • As a think tank, it curates a repository of data and knowledge for policy makers, regulators and other stakeholders working in the domain of corporate affairs.

  • Offers services to stakeholders in the field of corporate laws, corporate governance, CSR, accounting standards, investor education, etc.

  • Activities of IICA help first-generation entrepreneurs and small business for imparting multi-disciplinary skills, as they are unable to afford separate experts in management, law, accountancy, etc.

National Foundation for Corporate Social Responsibility (NFCSR)

  • NFCSR at IICA is responsible for Corporate Social Responsibility (CSR) initiatives.

  • Foundation comes under new provisions of Companies Act, 2013.

  • Conducts various activities in the field of CSR, oriented towards social inclusion.

- Published/Last Modified on: December 11, 2017

Govt. Schemes/Projects

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