In
the modern economy, Corporate Social Responsibility (CSR) refers to ethical
business practices and has become an indispensable aspect of the business
environment. Although CSR is generally associated with large companies, Micro,
Small and Medium Enterprises (MSMEs) also contribute to the social and economic
development of their local communities. Since MSMEs operate closer to the
community, they are well positioned to support local welfare and development
activities.
The
ambit of this study is confined to examine the impact of CSR initiatives
undertaken by MSMEs on community development in Navi Mumbai. The study focuses
on areas such as employment generation, educational support, environmental
sustainability, and overall community welfare. A descriptive research design
was used, with primary data collected through structured questionnaires from
residents and individuals associated with MSMEs in Navi Mumbai. Secondary data
was collected from research articles and reports related to CSR and MSMEs.
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