Nation Other News 08 Apr 2016 Kerala: Foreign fund ...

Kerala: Foreign fund to charities hits Rs 2,509 crore

DECCAN CHRONICLE. | ARJUN RAGHUNATH
Published Apr 8, 2016, 1:16 am IST
Updated Apr 8, 2016, 1:16 am IST
The top recipients are Ayana Charitable Trust, Believers Church of India and Mata Amritanandamayi Math.
The total contributions went to the three constitute about 50 per cent of the total contributions to all the 1,500 odd agencies.Representational image
 The total contributions went to the three constitute about 50 per cent of the total contributions to all the 1,500 odd agencies.Representational image

THIRUVANANTHAPURAM: The flow of foreign funds to charities in the state has touched a whopping Rs 2,509 crore during 2014-15, a 160 per cent increase from the previous year. The total foreign contributions received during 2013-14 was Rs 966 crore. In 2014-15, Rs 1,544 crore more flowed in to touch it Rs 2,509 crore, the details filed by the organisations before the ministry of home affairs under the Foreign Contribution (Regulation) Act show.

The top recipients are Ayana Charitable Trust, Believers Church of India and Mata Amritanandamayi Math. Incidentally, Ayana and Believers Church are based in Thiruvalla, Pathanamthitta district.

 

While Ayana in Manjadi received Rs 426 crore, Believers Church at Ramanchira received Rs 392 crore. The Mata got Rs 390 crore. The total contributions went to the three constitute about 50 per cent of the total contributions to all the 1,500 odd agencies.

Two other organisations at Manjadi also got more than Rs 100 crore in foreign exchanges - Last Hour Ministry Rs 191 crore and Love India Ministries Rs 181 crore. Over 239 groups got more than Rs 1 crore in foreign funds.

 

 

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Location: India, Kerala




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