Full formBusiness & Corporate
CSRstands forCorporate Social Responsibility
Full Form of CSR
What is CSR?
Corporate Social Responsibility (CSR) refers to a company's commitment to manage its operations ethically and contribute positively to society, beyond its legal obligations. In India, CSR has gained significant importance after the Companies Act, 2013, which mandates that certain profitable companies spend at least 2% of their average net profits on CSR activities. This law applies to companies with a net worth of ₹500 crore or more, turnover of ₹1000 crore or more, or net profit of ₹5 crore or more. CSR activities in India typically focus on education, healthcare, environmental sustainability, rural development, and skill development. The concept is widely used in corporate reports, board meetings, and government compliance filings. For exams like UGC NET Commerce or MBA courses, CSR is a key topic under business ethics and corporate governance. It represents a shift from traditional philanthropy to strategic social investment, aligning business goals with societal welfare.
CSR का फुल फॉर्म
कॉर्पोरेट सामाजिक उत्तरदायित्व
Example
Under the Companies Act, 2013, our company has allocated 2% of its net profit for CSR initiatives focused on girl child education in rural Rajasthan.
CSR — frequently asked questions
What is the full form of CSR?
CSR stands for Corporate Social Responsibility, a business model where companies integrate social and environmental concerns into their operations.
Is CSR mandatory for all companies in India?
No, CSR is mandatory only for companies meeting certain thresholds under Section 135 of the Companies Act, 2013, such as net worth above ₹500 crore or turnover above ₹1000 crore.
What are common CSR activities in India?
Common CSR activities include promoting education, healthcare, environmental sustainability, rural development, skill development, and ensuring environmental sustainability.