India’s CSR funding set to reach Rs 20,000 crore

New report highlights emerging trends in India’s social sector

GN Bureau | November 1, 2018


#corporate sector   #social sector   #philanthropy   #CSR   #civil society  


The corporate social responsibility funding in India is poised to grow to Rs 20,000 crore over the next three years. That is the estimate made by a new report that also says CSR funding has been growing at the rate of 9 percent a year.

With the philanthropic ecosystem becoming increasingly active over the last few years, there is a perceptible increase in size and nature of funding support in the sector, finds ‘Social Impact Multipliers Report’, which is billed as “India’s first holistic report that identifies and addresses the unique challenges and gaps in the social sector”.

The inferences have been drawn through a detailed analysis of perspectives from leaders, funders and ‘enabling organizations’ in the social sector, says the Indian School of Development Management (ISDM) which partnered with Sattva Consulting to carry out this rigorous qualitative empirical study to gather a deep understanding of the trends and current experiences of leaders in India’s social purpose organizations to meet the rising talent demand.
 
The report, launched in Mumbai on October 26, brings together insights and provides recommendations for funders, leaders of SPOs and key stakeholders in the social sector space on leadership development and talent management so as to enable social organizations and corporate foundations for larger transformative impact.

With 33 lakh non-profit institutions (NPIs) employing over 1.82 crore people, supported by contributions from funders, enabling organizations, the government, and businesses, India’s development sector is one of the largest and most active social economies in the world. It has a huge potential to become an aspiring and mainstream career option for India’s young leaders and managers.

Key highlights of the report:

• Evidence from 120 leaders and 30 CEOs on how they would look at essential competencies to become development leaders

• The report provides an analysis of competencies, skills, and knowledge areas that leaders deem important and those they actively seek to develop in order to lead effectively for the present and future.

• Hiring talent at senior levels is a constant challenge related to compensation, matching expectations, and access.

• Empowering leaders to take charge of their own development ushers in a sustained learning culture.

• Leadership talent is a fundamental requirement, and a challenge in the sector. Respondents are appreciative of ecosystem initiatives helping to increase the leadership talent pool including fellowships, immersive experiences, and, training and education programmes.

• A key area for leadership development is in being able to attract millennial talent and nurture them to be social impact leaders within organisations.

• Most of the challenges recorded by the study are related to garnering resources.

• Skills and competencies required to engage with the intersectionality.

• Hiring and transitioning organisational talent at senior levels as well as retention of this talent through building an organisation culture of integration and collaboration.

Comments

 

Other News

Fighting Covid-19, India has realized its collective strength: PM

In the face of the Covid-19 pandemic, people of India have realized their collective strength, prime minister Narendra Modi said in a short video message Friday morning. He also urged people to light lamps Sunday night as a gesture of this collectivity. “Today marks nine days of the na

COVID-19 demobilisation: Lessons for public governance

Demobilization, like its predecessor – demonetization, is another decision gone bad in implementation.  In both instances a careful public administrative action through its governance systems could have saved the magnitude of impact particularly on the most vulnerable sections of the society. Th

Don’t fear Corona, fight it

In a bid to break the “chain of transmission” of the deadly Covid-19, India, a country with more than 1.3 billion population, observed a voluntary ‘Janata Curfew’ on March 22. This has been followed by a 21-day, nationwide lockdown from March 24. Prime minister Narendra Modi also re

Sci-Tech Empowered Committee set up for COVID-19

To take speedy decisions on research and development for Sars-Cov-2 virus and COVID-19, the government has constituted a Science and Technology Empowered Committee. The committee, set up on March 29 and chaired by Niti Aayog member, professor Vinod Paul and professor K Vijay Raghavan, princi

Covid-19 and real estate: This could be last straw that broke camel’s back

Covid-19 may turn out to be the last straw that broke the camel’s back so far as the real estate sector is concerned. It broke out at a time when pundits were estimating the GDP to be hovering around 2.5% with unprecedent levels of unemployment. This itself was a good indicator that the real estate s

India ramps efforts as COVID-19 cases rise

As COVID -19 cases continue to rise amid a 21-day lockdown, the centre and the states are proactively taking measures to provide aid to the underprivileged and the needy during this unprecedented situation.         By Sunday morning, India had registered 27



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter