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Home»India»Spend foreign funding under prior permission category within four years, says Govt | India News
India

Spend foreign funding under prior permission category within four years, says Govt | India News

April 8, 2025No Comments1 Min Read
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The Centre on Monday knowledgeable that anybody receiving overseas funding underneath the prior permission class of the Overseas Contribution Regulation Act (FCRA) should spend it inside 4 years. In a discover, the MHA mentioned anybody registered underneath the FCRA can settle for any overseas contribution solely after acquiring the prior permission by making an software.

“Such prior permission shall be legitimate for the particular actions or initiatives for which it’s obtained and from the particular supply,” the notification learn.

“The validity interval for receiving overseas contributions shall be three years from the date of approval of the appliance for prior permission. The validity interval for utilising the mentioned overseas contribution shall be 4 years from the date of approval of the appliance for prior permission,” it mentioned. “Any receipt or utilisation of the overseas contribution past the above mentioned cut-off dates shall be a violation of FCRA, 2010.”

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