Question 5Answer in 150 wordsGS2GS2

How is Corporate Social Responsibility (CSR) emerging as a business-led solution for addressing development challenges in India?

Introduction

Corporate social responsibility helps to the responsibility of companies to contribute 2% of their profit for community welfare project.

19 words

Main Body

Principle of Triple bottom line Corporate social Responsibility solution to development challenges 1) Education sector - companies using land for education → Bharat Foundation 2) Health - companies establishing hospital → eg: cancel hospital. 3) Skill development - Initiatives to promote human skilling and entrepreneurship → Reliance Foundation 4) Nutrition - Initiative to tackle stunting, malnutrition → Zero malnutrition campaign 5) Environment protection - Afforestation drives and promoting Lifestyle change → Renewable energy initiatives by companies 6) Farmer welfare → Chhota by ITC

Issues with CSR: Concentrated in Untilized funds, Lack of sector-wise scrutiny coverage, Underutilized funds, Lack of accountability covered Education/Health Measures: - National Fund for Stakeholders under (Government initiative) - Engage companies, Accreditation of implementing agencies Thus if properly monitored and implemented CSR can help India overcome Socio planning challenges.

— Jayant Garg · AIR 64

132 words1 paragraphs

Conclusion

Thus if properly monitored and implemented CSR can help India overcome Socio planning challenges.

14 words

Diagram

Venn diagram showing intersection of Society, Profit, and Sustainability with CSR at center

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Topper

Jayant Garg

AIR 642024

Subject & Paper

GS2GS2

Topic

Government Policies and Interventions - Design, Implementation and Issues

Government Schemes and Policies

Corporate Social Responsibility

Writing Stats

165

Total words

Paragraphs

analytical

Tone

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