CSR activities helping India power human welfare, growth

India's corporate social responsibility (CSR) spending stood at Rs 26,210 crore in FY21. The figure grew by about 80 per centfrom FY16. 

As per regulations, companies of a specific scale must allocate a minimum of 2% of their average net profits from the preceding three fiscal years as annual expenditure under CSR. 

Since being made mandatory for companies in India in 2013, CSR has been playing an increasingly significant role in India's efforts to power human welfare and growth. The initiatives have been undertaken by companies to address social, environmental, and economic issues.

Commenting on how it plays a crucial role in present times, Sachin Manchanda explained how his foundation strives to achieve the objective of a sustainable India, which can only be possible through eradicating poverty, hunger, social evils and atrocities through concerted human effort. Their remarkable work in providing economic development opportunities and humanitarian aid to society's underprivileged and downtrodden sections has been widely recognised. 

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He further explained how his Sachin Manchanda Foundation has been working to improve the lives of of people who have faced social and cultural discrimination. SMF Eradicate Hunger Program is one of the noble initiatives carried out by the association in a country where poverty and hunger are two socio-economic concerns. It further plans to organise the free and large-scale distribution of home-cooked meals to destitute and poor people, women, and children who face difficulties in earning to provide for their family’s basic subsistence.

A promising campaign is also in cards to support the health and well-being of millions of Indians through the SMF Health Initiative Program. Under the health-focused CSR initiative, it plans to facilitate access to quality healthcare from well-learned medical professionals and doctors to poor people.  The man behind all the initiatives is a well-known entrepreneur and philanthropist who has contributed profusely to the systematic upliftment of poor rungs of society. 

By addressing social and environmental challenges, surge in CSR activities has been instrumental in contributing to India's sustainable development and the well-being of its people.

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