Corporate Social Responsibility, Private Public Participation
VIJAYALAKSHMI, PROF. B.
Education is the backbone of every society in this world. But what matters the most is the quality education- a dream for many. Education is the most powerful tool to break the inter-generational cycle of poverty - it helps to overcome inequalities, promotes inclusive development, accelerates social transformation and is critical to realize human potential towards economic progress. Ours is the age of the knowledge economy. Only quality education for every child can help us achieve the goal of long-term economic and social equity we all are working towards. One of the significant indicators of social progress is education, which also plays a decisive role for a society to achieve self-sustainable and equal development. A globalised economy and the privatization of education institutions have transformed the nature of academia. Adopting an impactful and professional approach to education, one which emphasizes a strategic CSR framework in education sector is key to growth in this increasingly critical arena. The paper attempts to explore Corporate Social Responsibility (CSR) practices particularly in the context of rural India and focuses on wide ranging issues and themes at all levels in education. The paper concludes that social responsibility is regarded as an important business issue of Indian public and private companies irrespective of size, sector, and business goal. Therefore, CSR actions have positive impact not only on development of rural community but also in their business