With the passage of The Companies Act-2013, Corporate Social Responsibility (CSR) has become an integral part of the business world today. The new regulations under Schedule VII of the Act, suggests communities to be the focal point of all such activities. As per the new amendments “setting up old age homes, day care centers and such other facilities for senior citizens” will now come under the purview of CSR activities.
We are at the center of this and there to help you deliver your CSR objective, while you concentrate on your core business.
Why should a corporate consider Old Age Homes and Day Care Centers as its CSR?
The past decades have seen an exponential growth in the population of the country. Besides the increase in the youth population, there has been a steady rise in the elderly population which today stands close to 100 million people over the age of 60+ years. As per available statistics, the aging population in India is growing at 3.8% per annum, constituting almost 8% of the total population. Based on current trends the size of the elderly population will increase to 240 million by 2050.
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