The complete/Full form of CSR funds is Corporate Social Responsibility fund.
The financial resources allotted by companies to support their corporate social responsibility programmer are known as CSR funds.
CSR is a concept that emphasized businesses 'obligation to do more than just their main business activities in order to have a good impact on society and the environment.
Corporate Social Responsibility funds is the official name for these funds. It's a form of funding that businesses set aside to help with environmental and social causes. CSR funding can be allocated to a range of initiatives, including those that improve healthcare, education, the environment, or disaster assistance.
Companies are realising the value of giving back to society, which is why CSR funds are growing in popularity. Companies must devote at least 2% of their net profit to CSR initiatives in India, for instance.
The corporation and the community can both benefit from CSR funds. CSR initiatives for the business can enhance its brand, draw in and keep talent, and lower risk. CSR initiatives can raise the standard of living for the community.