A Study of Corporate Social Responsibility towards Enhancement of Employment Through Skill Development: An Empirical Study

In the present Indian scenario skill development is emerging as an important agenda towards development of the nation. With the rapid growth in every sector, it has emerged the need for skilled manpower to accelerate the development process. Therefore, to fulfill the growing demand for skilled workforce and boost the economy, the CSR wings of corporate entities are coming up to skill the youth through direct involvement or collaboration with non profits organization. Indian Companies Act 2013 makes CSR a strategic initiative for skill enhancement. The corporate world to step forward and contribute their CSR funds for the purpose of expanding quality skill training in the country. The research paper attempts to study the present role of CSR toward skill development. In this context the paper overviewed with ten big projects on CSR with the largest skill development in India. The study also found that both the government and its partner agencies have undertaken various initiatives for the implementation of the skill development and facing various issues and challenges. This paper gives a bird eye view, how the Government should focus and examine those obstacles and challenges to develop the programs for the complete success of the skill development initiatives.