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Abstract
Corporate Social Responsibility (CSR) is a notion that emboldens organisations to protect the interests of every member of
the community or society by taking responsibility for the impact of the organisational activities on customers, employees,
their family, the local community, shareholders and in all aspects of its operations. Thee present paper attempts to explore
CSR practices in support of the development of Marginalised Sections in India. This Paper is designed with the use of
secondary sources, academic articles, online journals, experts expressions and self
self-observations
observations to comprehend
c
and
analyse the new wave of improving the life style of the weaker sections, down
down-trodden,
trodden, orphans and other Marginalised
Sections in India.
Act.
Keywords: CSR Empowerment Marginalised Sections Companies Act
Introduction
The Ministry of Corporate Affairs has notified in Section 135
and Schedule VII of the Companies Act 2013 and the provisions
of the Companies (Corporate Social Responsibility Policy)
Rules, 2014 to come into effect from April 1, 2014.
The Act describes and directs that, private or public limited,
which either has a net worth of 500 crore or a turnover of Rs
1000 crore or net profit of Rs 5 crore, essential to employ at
least 2% of its average net profit for the immediately preceding
three financial year on CSR activities. Further Act suggest that,
activities should not be undertaken in the normal course of
businesss and must be with respect to any of the activities
mentioned in Schedule VII of the 2013 Act. Therefore,
Contribution to the various relief funds like prime ministers
national relief fund, socio-economic
economic development fund, relief
fund, and funds for the welfare
elfare of the SC, ST, OBC, Tribes,
minorities and women could encompass a wide range of
activities in the benefit of the marginalised sections.. This
clearly states that, there should be a mandate investment by the
corporate on the empowerment of marginalised
sed sections and this
rule will work out most, in the benefit of them.
Objectives of the study: i. To develop an understanding of
corporate Social Responsibility. ii. To examine the range of
roles of CSR in Development of Marginalised Sections
Sections.
Methodology
The study was conducted by secondary sources of existing
literature through descriptive approach. Descriptive method was
taken in to the consideration to examine relevant literature
deeply, for this study purpose.
International Science Community Association
Conceptual Framework
Corporate Social Responsibility: According to world business
council for sustainable development (WBSCD) corporate social
responsibility is the continuing commitment by the business to
behave ethically and contribute to economic development while
improving the quality of life of the workforce and their families
as well as of the local community and society at large (WBCSD
Stakeholders Dialogue on CSR, The Netherlands, Sept 6-8,
6
1998)1.
Marginalised Sections: According to the business dictionary,
marginalised
ed sections means the process whereby something or
someone is pushed into the edge of the group and accorded
lesser importance. This is predominantly a social phenomenon
by which a minority or subgroup is excluded, and their needs or
desires are ignored2.
CSR and Empowerment: Empowerment is the enhancement
of the social status, economic condition and political
participation of individuals groups and communities.
Empowerment envelops developing and building capacities of
individuals, groups and communities to make them part of the
main stream of the society3. In Indian situation marginalised
refers to sections like Schedule caste (SC), schedule tribes (ST),
other backward classes (OBC), Religious minorities and women
as they are highly away from the social, political, and economic
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Conclusion
Except women empowerment activities, so far no serious effort
has been done by the Indian corporate sector for the
empowerment of marginalised sections. New provisions of
companies Act 2013 may boost the welfare activities to achieve
empowerment of marginalized sections; Govt must seriously
monitor the activities implemented by the corporate and
References
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