Consider the following statements regarding 39 Swachh Bharat Kosh 39 1 The Kosh will ...........

Governance Issues Clean India

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Consider the following statements regarding 'Swachh Bharat Kosh'-

1) The Kosh will be used to achieve the objective of improving cleanliness levels in rural areas only.

2) For project implementation new institutions will be created.

Which of the given above statement (s) is/ are correct?

1 Only

2 Only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Both statements are incorrect.

Swachh Bharat Kosh (SBK) has been set up to attract Corporate Social Responsibility (CSR) funds from Corporate Sector and contributions from individuals and philanthropists in response to the call given by Hon'ble Prime Minister on 15th August, 2014 to achieve the objective of Clean India (Swachh Bharat) by the year 2019, the 150th year of the birth anniversary of Mahatma Gandhi through Swachh Bharat Mission.

A nation-wide effort will start on Gandhi Jayanti 2nd October, 2014 to mobilize resources for improving sanitation facilities in the rural and urban areas, particularly, school premises.

Donations to the “Swachh Bharat Kosh” , other than the sums spent for “Corporate Social Responsibility” under sub-section (5) of Section 135 of the Companies Act, 2013 are eligible for 100% deduction under section 80G of the Income-tax Act, 1961. This is applicable to the assessment year 2015-16 and subsequent years.