A Study on Role of Third Sector Organisations in Socio-Economic Development with Special Reference to Religious Philanthropy in Coastal Kerala and Karnataka

Economies are considered to have three sectors. First, the Public Sector which is owned by the State and provides services in the Public interest. The Second, the Private Business Sector which is privately owned and profit motivated and the last one is the third Sector that embraces a wide range of community, voluntary and not-for-profit activities. Third Sector organizations are created by groups or individuals to meet a shared need. People have made an effort to form these organizations to provide a service to advocate a cause for them where the business and government sectors failed. The primary objective of the proposed study is to examine the role of third sector organizations in the development of the economy where the formal sectors failed at the grass ischolar_main level from a wide range of socioeconomic&management perspectives.