Updated : June 04, 2023Meaning of FCRA in India
The Foreign Contribution Regulation Act (FCRA) is an important legislation enacted by the Government of India to regulate the acceptance and utilization of foreign contributions by individuals, associations, and non-governmental organizations (NGOs) in the country. The primary objective of FCRA is to ensure that foreign contributions are received and utilized in a transparent manner, without compromising the sovereignty and integrity of India.
Under FCRA, the term “foreign contribution” refers to any donation, delivery, or transfer of funds, including currency, securities, or other articles, made by a foreign source. It includes contributions from foreign individuals, associations, or organizations.
The purpose of FCRA is to regulate and monitor the inflow and utilization of foreign contributions to prevent any undesirable activities, maintain transparency, and safeguard national interests. It ensures that foreign funds are utilized for legitimate and lawful purposes that promote social welfare, economic development, and charitable activities in India.
