Fiinovation

  Image Source-Google CSR in India has traveled through different phases, such as community engagement, socially responsible production and socially responsible employee relations. Initially, it was more about philanthropic endeavors that were performed but not deliberated and documented. However, after the CSR ACT 2013, the awareness towards CSR as a management concept is increasing. CSR funds are an investment, and for every investment, it is imperative to measure the returns. The CSR mandate in India brought a cultural change among the Indian businesses by leveraging the expertise of companies for social development initiatives. It is an ideal case that the social investment being undertaken by corporations must bring about qualitative impact through the CSR initiatives. Evaluating the effectiveness of CSR programs is one of the most important steps in the end-to-end implementation of programs. Impact Assessment (IA) is a vital component to assess and analyze t...