These days, Corporate Social Responsibility (CSR) is highly focused in Developing Economies of the world including Bangladesh. In other sense, spending on CSR by various commercial establishments, is sharing of their fortune with the lower and common segment of concerned society. Hitherto, Government used to spend on social welfare out of the money of taxpayers. For some reasons, result and connected hassles were not commensurating with the resources invested. Next came the Foreign NGOs to augment social welfare. On Government’s decision to allow tax rebate to various commercial Out-fits started diverting their resources to social welfare.Keeping quite in line with present trend in shouldering CSR, Novo Group has resolved to divert substantial amount of their yearly income, for up-grading day to day life style of some people who are yet to be up to a level in the field of Education, Religion, Culture and their other social needs.