Breaking the Rules
Priya Naik, Founder and CEO, Samhita Social Venture, has worked in the social sector for more than 15 years. She draws upon those years of experience to suggest some practical tips for Women Social Entrepreneurs to help stay motivated and better navigate the India development sector.
[Livemint] How can CSR funding assist in reviving traditional arts?
Would it not be great if a corporate social responsibility (CSR) fund becomes a seed or social fund for investment in a cluster of a dying art or a traditional skill and transforms it into a success story? Or how about a CSR fund that transforms an entire village into one where all households are digitally literate?
UN forum: Private sector involvement fundamental in advancing the Sustainable Goals
The fundamental role of the private sector in advancing the newly-adopted sustainable development agenda was highlighted by a United Nations forum. Secretary-General Ban Ki Moon, stated that he was counting on the private sector to drive success.
[Business Standard] ‘CSR law will reduce trust deficit between corporates, NGOs’
Bhaskar Chatterjee, director general and chief executive officer of the Indian Institute of Corporate Affairs says,”The new legislation will lead to a synergistic partnership between corporations, NGOs and the government which would also allow for greater transparency in the operations of all three agencies.”
[Livemint] Incubators evoke little CSR interest
There are multiple reasons for tepid corporate interest in incubators; among them is lack of awareness. Another reason being many companies fund start-ups and get returns on that investment. But when they give CSR grants to an incubator, which in turn diverts some of that money into start-ups, they get no returns.
[The Times of India] Health, education get Gujarat companies’ 90% CSR spend
Gujarat-based companies choose health and education when it comes to corporate social responsibility (CSR) programmes. These two sectors account for around 90% of the amount spent on CSR.
[The Economic Times] Venture Capital Industry to Fund CSR Projects Planned
In order to promote social development initiatives and create more jobs, the government is planning a policy of creating a domestic venture capital industry.
[Livemint] Mphasis, Genpact to give Rs.60 lakhs to social innovators as CSR
The two firms will use their CSR funds to support innovations that will help in imparting skill training for employment, primary and secondary education and other relevant areas
TCS builds sanitation facilities for girls in 1000 schools
Tata Consultancy Services announced that it has completed building sanitation facilities for girl students in 1000 schools across Andhra Pradesh, Telangana and Bihar States as a part of Prime Minister’s Clean India Initiative.