Conclusion
The
setup and prosperity of Micro Small and Medium Enterprises is a resourceful
intake leading to the rapid development of economic and social potentials. CSR
activities can help to a great degree in improving the survival rate of MSMEs
and may offer more chances for business competitiveness, nationally and
globally. MSMEs are the steroids that the Indian Economy requires at this
juncture and Most of the SMEs being anchored in towns and villages or in remote
areas they have significant adaptability to the local environments, exposure to
local issues, and also access to local resources, Thus, they are eminently
suited to do CSR activities.