Corporate social responsibility (CSR) refers to a business practice that involves participation in initiatives which are beneficial to society. India companies are committed to undertaking CSR activities in accordance with the provisions of Section 135 of the Indian Companies Act, 2013 and related Rules. As per the notified rules, all private firms have to spend 2% of their average profit of the previous three years on CSR activities specified by the government. Businesses are economic power-banks of a nation with the capacity to bring transformational changes in the development and growth of a necessitous section of the society.
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IIT KGP Wins Excellence Award for CSR Project
IIT Kharagpur has been awarded Excellence Award by National Backward Classes Finance & Development Corporation for efficient implementation of clean energy in several backward villages through CSR funding. Prof Sriman Kumar Bhattacharyya, Deputy Director received the award on behalf of the Institute.
Prof B C Meikap, faculty member at the Department of Chemical Engineering, was the key person for the successful implementation. Funded by National Backward Classes Finance & Development Corporation under their CSR program, he set up fifteen bio-gas plants in the village Bhemua, 10 No. Gram Panchayat, in the vicinity of IIT Kharagpur in 2017.
Prof. Meikap said “ This Bio-Gas plant may motivate the rural people as Bio-Gas has significant potential to supply sustainable renewable clean energy for cooking purpose to villages in India from bio-degradable wastes. Initiative of NBCFDC will encourage other organisations to come forward for construction of Bio-Gas plants in villages through their CSR program”.