The Union Cabinet chaired by Prime Minister has approved the continuation of the scheme on Indian Institute of Corporate Affairs (IICA) for another three financial years from 2017-18 to 2019-20.
It will lead IICA to become an Institute of National importance.
IICA is an agency under the aegis and jurisdiction of Ministry of Corporate Affairs and was established in 2008 at Manesar, Gurgaon (Haryana).
It is first institution in India to be formally set up as ‘think-tank’ for major Ministry of Government.
It offers services to stakeholders in the field of corporate laws, corporate governance, CSR, accounting standards, investor education, etc.
National Foundation for Corporate Social Responsibility (NFCSR) at IICA is responsible for Corporate Social Responsibility (CSR) initiatives.