Analysis of CSR practices in MSMEs sector

At one extreme CSR activities by MSMEs has been considered as an additional profit-making activities and, at the other extreme, involvement in CSR with community stakeholders, has been comprehended as an entirely altruistic activity. But the criticism is outweighed as it drives the people towards growth and development. But the lessons and strategies of CSR cannot be completely switched to MSMEs. Many of the problems underlying calls for CSR do not pertain to MSMEs, which lack the power dictate standards, or move across national boundaries. At the same time, many MSMEs already exercise some sort of ‘silent social responsibility’. MSMEs can play a big role in helping the society by boosting their CSR initiatives. CSR helps to build and expand entrepreneurial foundation of the nation by aiding the enterprises through supply of raw materials and a range of factors required for production or manufacturing. CSR activities help in the development and expansion of MSMEs in India. Thus, CSR activities are not only helping the Big Corporates but also small enterprises by creating competitiveness amongst MSMEs.

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