Corporate Social Responsibility (CSR) in Healthcare in India: Addressing a Crucial Need
Corporate Social Responsibility (CSR) has become an integral part of business ethics and sustainable development worldwide. In India, CSR has gained significant momentum, especially after the introduction of the CSR mandate under the Companies Act, 2013, As India and the global community embrace Sustainable Development Goal 3 (SDG 3), which emphasizes good health and well-being as essential for individuals, communities, and nations, the focus on health becomes even more critical. The Indian government has also prioritized SDG 3 through initiatives like Ayushman Bharat and the National Health Mission which has further encouraged Indian companies to align their CSR efforts to support healthcare. CSR Spend on Healthcare - FY 2022-23 In line with the previous years, for FY-2022-23 , Hunger, Poverty & healthcare received INR 825 crore and were second to education which received INR 1211 crore. (Source: Primeinfobase.com, data of 610 companies who made voluntary...