{"id":11525,"date":"2024-07-25T19:40:09","date_gmt":"2024-07-25T14:10:09","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=11525"},"modified":"2024-07-25T19:40:09","modified_gmt":"2024-07-25T14:10:09","slug":"national-culture-fund","status":"publish","type":"post","link":"https:\/\/matribhumisamachar.com\/en\/2024\/07\/25\/national-culture-fund\/","title":{"rendered":"NATIONAL CULTURE FUND"},"content":{"rendered":"

Government has set up National Culture Fund (NCF) as a Trust on 28th<\/sup>\u00a0November, 1996 under the Charitable Endowment Act, 1890 with a view to mobilize extra resources through Public Private Partnerships (PPP) towards promoting, protecting and preserving India\u2019s cultural heritage. A donor\/sponsor while making contributions to the NCF may indicate a project along with any specific location\/aspect and also an agency for execution of the project. Besides, the interests accrued are also utilized for activities associated with the field of culture.<\/p>\n

The following are some of the major objectives of NCF:<\/p>\n

    \n
  1. To administer and apply the Fund for conservation, maintenance, promotion, protection, preservation and up gradation of monuments protected or otherwise;<\/li>\n
  2. For the training and development of a cadre of specialists and cultural administrators<\/li>\n
  3. Provide additional space in existing museums & construct new museums to accommodate or create new & special galleries.<\/li>\n
  4. Documentation of cultural expressions and forms that have lost their relevance in contemporary scenario and are either fading out or facing extinction.<\/li>\n<\/ol>\n

    Features of NCF:<\/p>\n

      \n
    1. The NCF is managed and administered through a Council chaired by the Minister of Culture and has a maximum strength of 25 Members to decide the policies.<\/li>\n
    2. A Executive Committee headed by Secretary, Ministry of Culture and has a maximum strength of 11 Members, to execute those policies.<\/li>\n<\/ol>\n
        \n
      1. Donations to the National Culture Fund are eligible for 100% tax benefit under Section 80G (ii) of the Income Tax Act, 1961.<\/li>\n
      2. NCF\u2019s activities are covered under Schedule VII No. (v) of the Companies Act, 2013 as valid receptacle of Corporate Social Responsibility (CSR) contribution under:-<\/li>\n<\/ol>\n

        \u201c(v) Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional arts and handicrafts.\u201d<\/em><\/p>\n

        v)\u00a0\u00a0 Annual Accounts are audited by the Comptroller and Auditor General of India.<\/p>\n

        The state wise details of projects undertaken during last five years along with fund sanctioned State\/UT-wise are attached as\u00a0Annexure.<\/strong><\/p>\n

        To ensure that ASI projects supported by NCF do not get delayed, a Project Implementation Committee (PIC) under DG, ASI\u2019s Chairmanship regularly meets and resolves any issues that may delay the project.<\/p>\n

        Government from time to time takes review of the functioning of NCF.<\/p>\n

        This information was given by Union Minister for Culture and Tourism Shri Gajendra Singh Shekhawat in a written reply in Rajya Sabha today.<\/p>\n","protected":false},"excerpt":{"rendered":"

        Government has set up National Culture Fund (NCF) as a Trust on 28th\u00a0November, 1996 under the Charitable Endowment Act, 1890 with a view to mobilize extra resources through Public Private Partnerships (PPP) towards promoting, protecting and preserving India\u2019s cultural heritage. A donor\/sponsor while making contributions to the NCF may indicate a project along with any …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[136],"tags":[8932,8930,8931],"class_list":["post-11525","post","type-post","status-publish","format-standard","","category-national","tag-cultural-diversity-support","tag-cultural-heritage-fund","tag-national-arts-funding"],"yoast_head":"\nNATIONAL CULTURE FUND - Matribhumi Samachar English<\/title>\n<meta name=\"description\" content=\"Learn about the National Culture Fund and its role in supporting cultural initiatives. 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