CSR Investments In Education As A Driver For Socio-Economic And Environmental Transformation In Urban Communities

Abstract

This research provides an in-depth assessment of the impact of the Corporate Social Responsibility (CSR) Act, 2013, with particular attention to Schedule VII items (2), (10), and (11). It explores CSR spending patterns in the field of educational development, focusing on contributions made by IT companies, manufacturing industries, banks, and public sector enterprises in the North Chennai region. The central aim is to evaluate how CSR initiatives improve access to school and higher education, create employment pathways for youth, enhance literacy, and support rural and slum development, ultimately fostering social equity. By examining these aspects, the study reveals the wider socio-economic significance of CSR for local communities.A mixed-method research design was adopted to ensure thoroughness. Primary data were gathered through surveys, interviews, focus group discussions, and direct observations involving students, unemployed youth, and community members. This was complemented with secondary data drawn from government reports, CSR disclosures, and academic literature. Quantitative findings were analyzed using descriptive statistics, while qualitative insights were interpreted through thematic analysis. Combining these methods offered a comprehensive understanding of CSR practices and their real-world effects on community growth. The study finds that CSR investments in education not only strengthen literacy and employability but also create long-term economic advantages by contributing to GDP growth. Nevertheless, the success of such efforts depends on aligning CSR spending with community priorities. Recommendations include integrating technology and automation into education delivery, promoting Biblical value-based education to cultivate ethical leadership and family stability, and leveraging robust information systems to support data-driven socio-economic planning. Together, these measures are expected to improve educational outcomes, reduce crime, enhance social stability, and ensure sustainable community development in North Chennai.