The Role of CSR Funds in Shaping a Sustainable India
Corporate Social Responsibility (CSR) is no longer an optional activity for Indian companies—it is a moral, strategic, and legal responsibility. CSR in India has grown significantly since the introduction of the Companies Act 2013, which mandates qualifying firms to allocate 2% of their net profits towards social initiatives. This provision created a structured CSR fund system that has empowered both corporates and communities. CSR in India – A Legal and Social Perspective India is unique in making CSR mandatory. Eligible companies must direct part of their profits towards projects in healthcare, education, rural development, environment, and social welfare. This regulation ensures that corporate growth is tied to societal development, bridging the gap between profit-making and nation-building. CSR in India is not just about charity; it is about creating long-term value. CSR Fund – Driving Social Change The CSR fund is the backbone of corporate social initiatives. These funds ...