Article Title :
A Study of the Corporate Social Responsibility towards Education in Patna Region

Author Name :
Babli Roy

Keyword :
Corporate social responsibility, education, Patna

Publisher :
Politic India Publication

Download URL :

Abstract :
The roots of the business-community relationship find its traces in many ancient Indian literatures. In Bhagavad Gita, the concept of nishkaam karma is promoted. In Upanishad also, it is expected from every wing of the society to work for the wellness of everybody. Corporate houses carry forward these teachings of Indian culture in modern period, through their corporate social responsibility (CSR) initiatives. Moreover, with the Companies Act, 2013, the Government has made it mandatory for the corporate houses to spend 2% of their net profit in corporate social responsibility (CSR) activities. In the Act, the Government also specified the areas where the companies may spend their CSR funds. Among the specified areas, education attracts the largest share of CSR expenditure of the companies. The present paper is an attempt to find out the CSR initiatives undertaken towards education. The paper focuses on studying the CSR initiatives undertaken by the corporate houses in Patna towards education at local level. The data was collected through various primary and secondary sources. Several data collection methods helped to triangulate the subject and thereby reach a more trustworthy result. The findings of the study provide insights about the initiatives undertaken by the company towards education. The paper also suggests various possible ways through which the company can improve its existing CSR practices.