The NCSR Foundation disburses funds to organisations for approved projects in a maximum of 3 instalments. The first disbursement is made after signature of the Contract of Agreement while the second and third disbursements are conditional upon satisfactory monitoring, compliance to the Contract Agreement and submission of required information and documents. The Foundations has disbursed Rs 127,200,106 as at 17 May 2018, representing 63 percent of the total amount approved.
The Council members and the staff of the National CSR Foundation participated in a “Retreat” on Thursday 26 April 2018 at CoWorking, st Georges st, Port-Louis.
The objectives were to:
- make an overview of the first call for project proposals of the foundation; and
- discuss on a new funding framework for the foundation.