Foreign Contribution (Regulation) Act (FCRA) 2010

  • October 1, 2021
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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Foreign Contribution (Regulation) Act (FCRA) 2010

Subject – Governance

Context – More time to renew FCRA registration

Concept –

  • The registration is mandatory for associations and NGOs to receive foreign funds.
  • Registered NGOs can receive foreign contribution for five purposes — social, educational, religious, economic and cultural.
  • The FCRA registration is renewed every five years.
  • The NGOs also have to compulsorily open an account with the SBI in Delhi to receive funds.

To know about FCRA, please click here.

To know about Foreign Contribution (Regulation) Amendment, 2020, please click here.

Foreign Contribution (Regulation) Act (FCRA) 2010 Governance