In recent years, Corporate Social Responsibility (CSR) has grown in popularity, but CSR programs, philanthropy, and volunteer efforts have not had the desired impact on the country's backward areas. The Companies Act, 2013 requires companies of a certain net worth/turnover/profitability to spend 2% of their average net profit for the past three years on CSR. However, according to data on the Government of India portal (csr.gov.in), a significant number of companies are not meeting this requirement, and the majority of the funds are being spent in developed states.
To address this issue, a group of Mumbai-based professionals created CSR2life.com, a comprehensive online CSR funding platform that has been recognized by the government as a STARTUP India business. CSR2life.com provides an automated communication, disbursement, and monitoring system that ensures complete transparency in project selection, approval, disbursement, and end-use of funds.
With CSR2life.com, NGOs can upload the projects they wish to implement with CSR funds cost-effectively in a few easy steps, giving them the visibility they need to attract multiple corporate donors. NGOs operating in remote areas can now showcase their projects to numerous corporates simultaneously, and conveniently communicate with them through the platform for the submission of project details, required documents, replies to concerns, and more.
CSR2life.com's automated processes also support companies in monitoring the end-use of disbursed funds, reducing their administrative work. Additionally, the platform assists businesses in appointing independent auditors from accredited audit firms to conduct an audit of disbursed funds to achieve the highest standard of transparency in CSR spending by NGOs.
The promoters of CSR2life believe that Corporate Social Responsibility is more than just compliance; it is a commitment to supporting initiatives that significantly improve the lives of the underprivileged. CSR2life.com is a digital step towards nation-building that provides a cost-effective solution to help overcome funding constraints for CSR projects.
If you are looking to make a positive impact and support nation-building through CSR projects, register with CSR2life.com today.