IEG 2nd big NGO after Missionaries of Charity to regain FCRA licence
Union home ministry has restored the Foreign Contribution Registration Act (FCRA) licence of the Institute of Economic Growth (IEG), said people familiar with the matter.
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The FCRA licence of the IEG was approved on July 19 and it will be valid for a period of five years, they said.
The ministry had denied the FCRA licence earlier this year, after which the IEG appealed to higher authorities seeking its restoration.
The IEG is the second prominent non-governmental organisation (NGO) whose FCRA licence was denied but later restored. Earlier, the FCRA licence of Kolkata-headquartered Missionaries of Charity was renewed in January 2022 by revision of an order issued by the Union government.
ET was the first to report, on April 4, on the cancellation of the IEG's FCRA licence along with that of four other prominent NGOs. The home ministry had cited violations of FCRA rules for the cancellation of the licence.
Confirming the development, IEG director Chetan Ghate told ET, «The FCRA licence of IEG has been renewed.»
Founded in 1952, the IEG is one of India's leading academic institutions in the fields of economic and social development. It also organises regular training programmes for the trainee officers of the Indian Economic Service and other government officers. Since 2022, in joint partnership with the Union finance ministry, it has been organising
