ABSTRACT
Poverty in every form is a curse. Poverty in any region across the globe is de-humanizing. India is a spectator to poverty, hunger and disease for many centuries. Post independence, the democratic India has taken initiatives to wipe out this human menace. India is the first country in the world to mandate CSR in its new Companies act 2013. The Companies Act, 2013 provides provisions that can be undertaken by a company to fulfill its Corporate Social Responsibilities (CSR) obligations that includes eradicating hunger, poverty and malnutrition promoting preventive healthcare. Mandated companies have to spend 2 per cent of their net profit on social development.
This study focused on the study of CSR in the company’s Act as an effective instrument for reducing poverty and not as a mere compliance instrument. Secondly, we tried to explore CSR provisions to meet the challenges at the grassroots level. Addressing into needs of the objectives of the present study the research design for the study is descriptive in nature. This study is an attempt of exploratory research based on the secondary data sourced from e-journals, books and web.
