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DAILY NEWS ANALYSIS

  • 26 December, 2023

  • 2 Min Read

National Culture Fund

National Culture Fund (NCF) Received Rs. 3.70 Crore from Non-Government Sources during Last Five Years (2018-19 to 2022-23).

  • Set up in – 1996, a trust under the Charitable Endowment Act, 1890.

Aim – To mobilize extra resources through Public-Private Partnership (PPP) towards promoting, protecting & preserving India’s Cultural Heritage (Tangible & Intangible).It is managed by a Council and an Executive Committee.

Council – It has the power to decide on relevant polices which has a maximum strength of 24 including the Chairman.

  • It is chaired by the Hon'ble Minister of Culture and has 19 members from various fields.

Executive Committee – It will actualize the policies and it is chaired by the Secretary, Ministry of Culture.

  • Project Implementation committee (PIC) – Representatives from the Donor, Implementer and NCF.
  • The accounts are audited by the CAG of India annually.

Fund usage

    • To train a cadre of specialists and cultural administrators
    • To document cultural expressions and forms
    • To undertake research, innovations and experiments in arts
    • To create of institutions such as galleries and museums
    • To promote international cultural cooperation

The donations to NCF will be eligible for tax benefit under the Income Tax Act.

Beneficiaries – Any State Government or voluntary organisation registered under the Societies Registration Act 1860 (21 of 1860) or registered as a Public Trust at least for the last 2 years.Individuals are not entitled to financial assistance under this.

Source:

  • 25 December, 2023

  • 2 Min Read

National Culture Fund

National Culture Fund (NCF) Received Rs. 3.70 Crore from Non-Government Sources during Last Five Years (2018-19 to 2022-23).

  • Set up in – 1996, a trust under the Charitable Endowment Act, 1890.
  • Aim – To mobilize extra resources through Public-Private Partnership (PPP) towards promoting, protecting & preserving India’s Cultural Heritage (Tangible & Intangible).
  • It is managed by a Council and an Executive Committee.
  • Council – It has the power to decide on relevant polices which has a maximum strength of 24 including the Chairman.
  • It is chaired by the Hon'ble Minister of Culture and has 19 members from various fields.
  • Executive Committee – It will actualize the policies and it is chaired by the Secretary, Ministry of Culture.
  • Project Implementation committee (PIC) – Representatives from the Donor, Implementer and NCF.
  • The accounts are audited by the CAG of India annually.
  • Fund usage
    • To train a cadre of specialists and cultural administrators
    • To document cultural expressions and forms
    • To undertake research, innovations and experiments in arts
    • To create of institutions such as galleries and museums
    • To promote international cultural cooperation
  • The donations to NCF will be eligible for tax benefit under the Income Tax Act.
  • Beneficiaries – Any State Government or voluntary organisation registered under the Societies Registration Act 1860 (21 of 1860) or registered as a Public Trust at least for the last 2 years.
  • Individuals are not entitled to financial assistance under this.

Source:


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