The CSR clause in the Companies Act, 2013, has major implications for the social sector. It opens up endless possibilities for social organizations to scale up their operations and reach out to a wider number of beneficiaries. There has also been a focus on the role of social enterprises in the implementation of CSR programs.
However, a couple of crucial questions arise:
1. Are social organizations, and the social sector as a whole, ready to absorb this inflow of funds and translate it into greater impact?
2. Are companies equipped to make the right decisions and develop sustainable CSR programs? How will they find the right implementation partners?
The implications of the Act are captured by Krishnan Neelakantan, MD of Samhita Social Ventures in Corporate Social Focus’ first edition. Click here to read the article.