Strengthening Indian education ecosystem with CSR
Indian education ecosystem – Education has long been recognized as a development factor in a country’s social and economic growth. India has always had a high potential for skilled human capital and enormous opportunities to establish itself as a world leader. However, the country’s education sector is beset by alarmingly high dropout rates, emphasizing the need to support students in order to ensure the country’s global competitiveness.
To address the gaps in the education framework, the Indian government has developed comprehensive policies that include financial and infrastructure support. Furthermore, the private sector is helping to alleviate affordability and accessibility issues through non-profit initiatives. Collaboration between the government and the private sector is gradually improving access to adequate knowledge and quality education for the country’s youth in both urban and rural areas. Nonetheless, despite decades of efforts and reforms by the Indian government, a significant number of students continue to drop out of school.
To improve the entire education ecosystem, quality education, digital and technological skills, scholarships, sponsorships, career counselling, better infrastructure, and teacher training are required.
Leading companies are incorporating revolutionary education-related CSR policies into their broad-scale business strategies, analysing education effectiveness to bring changes to the system and equipment up the economy. CSR practises have evolved significantly in recent years, aided by augmented compliances that require all firms with a net worth of more than Rs 500 crores, a net profit of more than Rs 5 crore… mid-size and large firms in India to donate 2% of their annual earnings as part of CSR.
Such reforms have made it possible for businesses to have a positive impact on society and contribute to its well-being. While India Inc. is successfully incorporating CSR into their long-term business strategy, when examining various branches of Indian landscapes, the root that needs to be strengthened the most through CSR is India’s education ecosystem
Using CSR to strengthen the Indian education ecosystem
Improving academic standards in economically disadvantaged schools is unavoidable if students are to achieve pinnacles of success in any profession. While some organisations give money, others give back to society by volunteering and donating their time, products, and services, which gives employees a sense of purpose and fosters a healthy work environment.
Here are three best practises that organisations can use to ensure quality education that is equitable and inclusive and promote opportunities for lifelong learning for all:
Enabling education, knowledge, and skill transfer: Businesses can impart knowledge and provide students with a clean learning environment. Investing in academic support, such as customised learning modules for government school students, free access to competitive exam coaching, teaching underprivileged students life skills and soft skills, adopting government schools, and developing programmes to train differently-abled students, can make a difference in the lives of deserving and needy youth.
Collaboration with non-profit organisations: Collaboration with non-profit organisations can assist in actively pursuing shared values towards the same goals. Companies can collaborate with public charitable trusts to provide educational infrastructure support to government schools in rural India. Taking responsibility for the higher education, skill development, and mentoring of abandoned or orphaned children, women, and youth, and rewarding them with scholarships, can produce competent and conscientious individuals capable of organizing and eventually leading a profession.
The future of the Indian educational ecosystem and infrastructure:
The quality of learning experiences is hampered by a number of problems, including the lack of access to clean drinking water, the poor state of building premises and facilities, and the teachers’ inability to access advanced education. Companies may foster meaningful learning and development and establish an ecosystem where everyone has access to the required resources by providing educators with training programmes, adopting existing schools to improve their conditions, or building new ones.
While encouraging the availability of infrastructure and a variety of abilities for teachers might ease the way for high-quality instruction, organisations must choose projects and provide ongoing support to actually change the ecosystem’s future. Having a good influence through CSR has become a global trend that is recognised in every industry and type of organisation as a way to reduce risks, boost reputation, and improve economic outcomes.