THE SOCIO-ECONOMIC IMPACT OF CSR INITIATED LEATHER-BASED INDUSTRIES DURING COVID 19 PANDEMIC

The leather industry is one of the oldest traditional industries. It makes a significant contribution towards economic growth, balanced regional development, employment generation and overall poverty reduction in the field of leather and allied product manufacturing. The dramatic spread of Covid-19 has threatened human lives, disrupted livelihoods, and affected trade, economy, and businesses across the globe. This pandemic situation is an alarming humanitarian crisis that seeks intensive care and support from the public’s health, livelihood, employment, and income of citizens remains questionable. So, companies start to engage in CSR activities in order to respond to a Corporate Governance towards Philanthropic activities during the Covid-19 Pandemic. While taking into consideration the effects of CSR, it is vigorously affected both companies and consumers. This research paper mainly concentrates on the impact of the Socio-Economic condition of Leather-based Industries in Vellore district, Tamil Nadu. This study was conducted using a qualitative approach and data analysis techniques using descriptive statistics. The results of the study found that the spread of Covid-19 had a major economic and social impact on the employees working in leather-based industries. This research attempts to explore the socio-economic impact of CSR-initiated leather-based industries during the Covid-19 pandemic. Profoundly, some positive effects can be seen in terms of improved air quality, water quality, wildlife but the sustainability of such impact is conditional upon post-Covid and people's habits and future policies related to the environment.