Foreign Contribution Number
Full Form of FCN
What is FCN?
Foreign Contribution Number, commonly known as FCN, is a unique registration number issued by the Ministry of Home Affairs (MHA) to organisations, NGOs, and charitable trusts that wish to receive foreign donations under the Foreign Contribution Regulation Act (FCRA), 2010. In India, any association intending to accept foreign contributions for cultural, economic, educational, religious, or social programmes must obtain this number by applying through the official FCRA portal. The number ensures transparency in cross-border funding and helps the government monitor how overseas money flows into the country. It is mandatory for NGOs, religious institutions, and non-profit bodies receiving over twenty thousand rupees in foreign contributions in a year. Banks also use the FCN to verify the legitimacy of foreign remittances credited to registered accounts. This concept is frequently asked in UPSC, banking, and SSC exams, especially under polity and current affairs sections, making it an important topic for Indian competitive aspirants.
FCN का फुल फॉर्म
विदेशी अंशदान संख्या
Example
The NGO applied for a Foreign Contribution Number last year and finally received approval to receive overseas grants for its education initiatives.