Premium Essay

Csr in Agricultural Industry

In: Business and Management

Submitted By Vanishree26
Words 1700
Pages 7
Corporate Social Responsibility in Agriculture sector

By Mrs.Vanishree.V,MBA

Abstract:

As rightly said by Amartya Sen, intervention is required for the equitable distribution of wealth and improving the quality of life of the society and it must come voluntarily from the corporate houses and their top management. Thus, for a fast growing economy like India which is striding fast to become a developed country, the participation of the business houses in strengthening the economy has become indispensable.CSR is not new to India, even before CSR became a popular cause, it did exist in India. Companies like TATA and BIRLA practiced it in the form of social initiatives. In the light of the above, the paper attempts to explore the CSR initiatives and best practices of various selected Indian companies in Agricultural sector.

Objective:

The objective of this paper is to examine the nature and extent of corporate social responsibility (CSR) initiatives under taken by selected Indian companies in Agricultural sector and to study its relevance in business.

Research Methodology:

The research paper is an attempt of exploratory research, based on the secondary data sourced from websites, journals, magazines, articles and media reports. To study the above objectives 8 agro based companies were selected based on the CSR Report in their website.

Limitations

The main limitation of this paper is that this study has only focused on a small sample of Indian companies. Secondly, information was collected from print literature, websites of these companies and no primary data were collected directly from the stakeholders through interviews or surveys.

Introduction:

Globalization has brought with it a wide realization that companies do not operate in isolation, but have a marked impact on the environment and people at local, national and global

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