Social commitments of profit making companies.Corporate Social Responsibility (CSR) is a policy approved by the Government in 2014 by which it is mandatory for organisations to spend at least 2% of average net profit of the previous three years on specified socially beneficial projects. This norms apply to firms or organisations with at least Rs. 5crore net profit or Rs. 1,000 crore turnovers or Rs.500 crore net worth. Certain parameters have to be satisfied for the projects to be taken up under this scheme. How much amount is to be spent, on what ( list of possible activities that would qualify as CSR) and where ( preference to local areas).
There are several companies which spent this money as per norms. But some are not making use of this. Socially committed individuals can, perhaps, take up this and do the needful to get benefits to the society.