In what ways do industry and business associations contribute to socio-economic development in the country? Explain with suitable examples.
Main Body
Industry & business contribution: → Generation of employment (is sowed) livelihood → Tax payment → Fort → redistribute for public welfare → Employment for vulnerable section through reservation/special preference → Contribution to CSR and District Mineral foundation fund → Charitable activities → TATA: MANSl for mental health → Development of underdeveloped region (e.g. Tamilnadu) Other contribution: → Policy making for public welfare → 5yr planning invited business views → Financial Market → New earning opportunities for middle class → Investment on SHGs led microenterprise or startups → PPP development for development
Issues: → Concentrated in few education, health, insufficient funding in tax evasion compensatory offset. → Nirav Modi' profit: oriented not welfare Overall, for inclusive & equitable development, private sector must continue to contribute in socioeconomic empowerment.
— Ritik Singhvi · AIR 203
Conclusion
15 words
Diagram
Flow chart showing Industry & business contribution with multiple branches: generation of employment, tax payment, redistribution for public welfare, employment for vulnerable sections, CSR contribution, charitable activities, TATA initiatives, regional development. Second section shows other contributions including policy making, 5-year planning, financial market initiatives, investment in SHGs/microenterprises, and PPP development
Ritik Singhvi
Development Processes - Role of NGOs, SHGs, Donors, and other Stakeholders
Roles of NGOs, Organizations
Industry and Business Associations
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Total words
1
Paragraphs
explanatory
Tone