Psychological and Social Impact Assessment: A study in the operating area of a Coal Mining company

The world of business is fierce, and in order to survive, businesses must work with society. When a business operates in a way that satisfies the needs of society, it helps to ensure the sustainable growth of both the business and the community it serves. This study delves into the socio-economic conditions of villages in the core and buffer zones of the Coal Mining company and offers a variety of mitigation measures to eradicate psychological and social issues in these areas. A comprehensive approach was given to the study, covering a total of 47 villages in both zones such as Core and Buffer. The strudy was conducted in-depth interviews with 375 respondents, including sarpanches, exsarpanches, panchayat secretaries, SHGs, and villagers, using various tools such as observation, personal interviews, and focused group discussions. The analysis revealed four primary social issues facing villagers, including limited access to drinking and non-drinking water, high unemployment rates, limited opportunities for higher education, poor hospital conditions, and inadequate irrigation facilities for farmers. To address these issues, recommendation was given by a series of mitigation measures that the company can undertake. The overview of the findings and recommendations for the implementation of these measures. In today's fast-paced world, it is crucial for businesses to work alongside society to ensure sustainable growth and a positive impact on the community. By implementing these mitigation measures, a brighter future for all can be ascertained.