Corporate Social Responsibility Practices in MSMEs in India

Vishnu Maya Rai, Research Scholar

Vishnu Maya Rai, Research Scholar Faculty of Commerce, Banaras Hindu University

Keywords: Micro Small and Medium Enterprises, Corporate SocialResponsibility, Competitiveness, Entrepreneurial, Production, Manufacturing

Abstract

The setup and flourishment of Micro Small and Medium Enterprises is a resourceful input leading to the
rapid development of economic and social prospects. MSMEs are the medicines which Indian Economy
needs at this moment. CSR activities can help to a great extent in improving the survival rate of MSMEs and
may offer more opportunities for business competitiveness, nationally and internationally. CSR helps to
create and develop entrepreneurial foundation of the nation by supporting the enterprises through supply of
raw materials and a range of components required for production or manufacturing. The main aim of this
research paper is to examine the role of CSR activities in the betterment of MSMEs. Another motive is to
examine the impact of strategies of CSR on expansion of MSMEs in INDIA. This paper gives evidences that
CSR activities are not only helping the Big Companies but also small enterprises by creating
competitiveness amongst MSMEs.