Corporate social responsibility (CSR) is the funding and grant process under which NGO can get financial and other support from the corporate sector. Under the companies act, 2013 it is mandatory provision provide a contribution of 2 percent of average net profit of companies.

The fund provided under corporate social responsibility are for social development issues and make a positive impact on living standard of economically poor and disadvantage people of society so they can live a productive and dignified life.

Importance of contributing to societal growth

The corporate world increasingly recognises the importance of contributing to societal growth, and education is at the forefront of these efforts. Education oriented CSR initiatives aim to tackles critical issues like poverty, inequality, and skill development, supporting sustainable community growth. India, with a rapidly expanding economy and vast population, has embedded CSR into its corporate framework, especially for educational support. Globally, CSR initiatives vary widely, shaped by regional socio- economic condition, corporate governance standard, and government policies.
According to FY 2020-21 data, CSR spending has widely across states and sector.
In the context of education:

• Categories 1 (special education): amount has given by CSR is 209.2cr.
• Categories 2(vocational skill): amount has given by CSR is 717.7cr.
• Categories3 (Education) amount has given by CSR is 6,693.30cr.

The data shows a consistent increase in CSR allocation to education, reflecting growing recognition of its critical role in shaping the future workforce and addressing india socioeconomic disparities.

Saviour Foundation Support Underprivileged Child Education

Notably, spending on education alone has risen by over 150% in last five years, signalling a concentrated efforts.

While CSR contribution to education have made a significant impact, there are several challenges like lack of transparency in fund allocation, geographical imbalance, monitoring and accountability, sustainability. But these challenges can be tackle by few recommendation for enhancing CSR in education like promote collaboration, focus on rural area, strength in digital literacy, track and report progress.

How corporate social partnership help our trust

Corporate social partnership help NGO by providing them a significant financial funding, allowing them to expand their operation, reach more beneficiaries, and implement impactful social projects that address critical community to needs, essential giving them the resources to achieving goals on a larger scale; this often include access to expertise, manpower, and networking opportunities with corporation as well.

CSR engage with our foundation through various ways; financial support which can be directly donated to our trust, project implementation can collaborate to our foundation to design and execute specific projects, leveraging their resources and expertise to achieve better outcome.

CSR programs often involve volunteering engagement, which can provide NGO with additional manpower to support their activities on ground.

Our foundation should demonstrate transparency in their operation and financial management to build trust with potential corporate donor.