On September 29, 2020, the government of India passed an amendment to its Foreign Contributions Regulation Act (FCRA), making it more restrictive for Indian organizations to receive international grants.
As SVCF examines the new law, grants that our SVCF fundholders recommend to charitable organizations in India will take longer to process. In some cases, we may be unable to fulfill the grant recommended by the fundholder.
The amendment to the law prohibits sub-granting, requires that no more than 20 percent of all foreign funds received by the Indian organization are used for administrative expenses and requires that the Indian organization has an FCRA account with the State Bank of India at New Delhi.
Given these new changes to the Indian government’s FCRA law, SVCF will no longer be able to award general support grants to Indian organizations.
If you are an SVCF fundholder and you have questions, please contact your Philanthropy Advisor directly, or email email@example.com.
You can learn more about SVCF's work on the SVCF blog.