Benefits of CSR programmes in India

Our nation’s proactive approach in handling social issues was initiated with the help of corporate social responsibilities coming into practice. These look into the major changes that take place in the nation regarding the enriching standards set by the corporate world. Ultimate care is taken that the corporate world also has a role to play that it has an overall constructive influence on the society and its surrounding environment. It has been made clear through the CSR in India that it is not just the duty of the public servants to abide by the policies but also of the corporate world, who are equally responsible for the growth and benefit of the society as a whole.

With the development of the nation, there has been historical background to various phases that this initiative has gone through. The first phase comprised of highlighting both the emotional as well as social requirement of the public. Charity was performed on a large scale for the upliftment of the needy. The next phase saw setting up of trusts that worked with the motto of imparting education to one and all. These trusts also worked towards setting up and funding various training centers. The third phase saw the rise of public sector which also opened up arenas of employment for all. This also contributed to the set back of the private sector. The fourth and the last phase saw the impact of globalization. Thus, it can be seen that CSR in India has had a great impact on the society.

Today’s corporate world has whole heartedly taken up this social responsibility so that the entire nation can benefit. This has become a vital industrial process for all corporate houses. It allows for continuous growth and development. Participating and launching CSR programmes in India has led to these corporate houses to become a responsible business citizen of the nation. It allows these business houses to aim towards the betterment of living standards of the society. Over the last few years, every corporate house has set out its own targets towards fulfilling their desired goals in successfully taking up all the initiatives.

So, business is no longer just about profit and losses. It is a lot more consisting of how these firms have contributed towards the growth and betterment of the society. It is a sort of investment without them expecting any profitable financial returns. CSR programmes in India has given an entirely new dimension to each and every endeavor taken up by the business houses. Several initiatives have also been taken by various non government organizations that work in collaboration with these corporate houses and help them reach out to all the poor and needy.