In an earlier Post, we saw how Organizations (primarily NGOs, but a few GOs as well) receiving foreign funds via FCRA, use that money "judiciously". The summary of that post were
- NGOs earn around Rs. 150 Crore p.a. via interest from the amount accruing in the FCRA designated Bank Account
- NGOs earn around Rs. 600 Crore p.a. by way of interest from the amount that they have deposited in Fixed Deposits etc..; assuming a 10% interest (roughly), this would amount to a stack of Rs. 6000 Crore (or US Dollar 1 Billion) deposited by them in Fixed Deposits and
- a significant chunk of funds to mini-NGOs comes from mega-NGOs (or what I call as Control-NGOs) and the total magnitude of such intra-India fund flows is around Rs. 1200 Crore p.a.
How do we calculate this amount? Well, as usual, by studying the FC6 return filed by the Indian NGOs every year with the Ministry of Home Affairs. There are approximately 22000 such returns (one per NGO) filed each year which are available at http://fcraonline.nic.in/fc3_amount.aspx ; I have examined all of them.
Let us learn this process through an example. Consider Jeevan Jyoti Charitable Society (JJCS), Jeevan Jyoti Ashram, Shivpuri, Madhya Pradesh. Its FC6 return for the year 2012-2013 can be found at: http://fcraonline.nic.in/fc3_verify.aspx?RCN=063510004R&by=2012-2013. If you move your cursor down on that FC6 return to Item No. 5, you will see some data which looks like:
- Year after year, around Rs. 50 Crore comes from abroad to purchase land in India
- In 2011-12 & 2012-13, the amounts are unusually large, due to increased influx of funds for this activity for an Organization whose FCRA registration is in the Delhi sequence, but which is located in Bangalore. It is called "Indian Society Of Church Of Jesus Christ Of Latter Day Saints", #493, Anjali Plaza, C.M.H. Road, Indiranagar, Bangalore, Karnataka - 560038. Their activities in India can be learnt from their website http://lds.org.in/districts-in-india-bangalore-mission . Their FC6 returns for the year 2011 and 2012 are here and here respectively.
- An organization located in a given State need not spend the foreign funds it receives in the same State.
The meek shall inherit the Earth. Really?
Update (September 03, 2014)
Due to an error (my mistake) in the URLs used for the downloading of FC-6 returns for Bihar (BH in Table 1 above), all values in rows corresponding to BH were zero, earlier. This error was noticed and has been fixed in the Table now. Consequently, the total amounts in each column have also been updated.