Updated On: 14 April, 2021 12:00 AM IST | Mumbai | BrandMedia
Socio Story partners with Centre for Development Management and Communication (CDMC-MICA) to offer skills based programs for Social Sector

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The CSR law in India was implemented in 2014 and since then, companies in the last six years have gained good traction towards investing a part of their profit for creating a social impact. Companies have also realized that CSR investment for the betterment and welfare of the community in which they operate, are also their key stakeholders.
So, after substantial resources are invested, now the need arises to understand if the objectives of CSR projects are met, the outcome is achieved, and the impact is created. An important part of the investment for the corporates after the amended CSR rules came into effect is the focus on Social Impact Assessments (SIAs). SIA provides evidence to the respective company in understanding the social returns the initiative is gaining. This evidence which is needed for the evaluation is derived from participatory approaches, which included beneficiaries and the stakeholders involved in the process of change and impact.