The term corporate social responsibility (CSR) refers to practices and policies undertaken by corporations that are intended to fulfil their social obligation to the society. The key idea behind CSR is for corporates to pursue social objectives, in addition to maximizing profits. The Government of India has made it mandatory for companies of certain defined categories to contribute part of their profit to social activities.
The Ministry of Corporate Affairs, Government of India under Section 135 of the Companies Act, 2013 makes it mandatory for companies having a net worth of Rs 500 crore / turnover of Rs 1,000 / net profit of Rs 5 crore to spend 2% of its average net profit for in CSR Activities.
The CSR activities in Schedule VII of the Indian Companies Act 2013 defines the allowed activities for CSR Spends
Contribution to promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently abled and livelihood enhancement projects
ESSCI brings together all the stakeholders & industry, labor & the academia to develop a future ready skilled workforce for the ESDM Sector with following objectives:
Mobilise trainees from extreme distressed segments of poor to handhold for skilling and enhancing their livelihoods.