Social Entrepreneurship

I think social entrepreneurship is the need of the hour in India today. I think it is a process of enabling those who want to get on to the progress boat. It is process where the people involved will profit from the ventures and enterprises.

We need to liberate those who are at the bottom of the pyramid. We need to make everybody educated so that they are not exploited. India still has the world’s largest number of poor people in a single country. Of its nearly 1 billion inhabitants, an estimated 350-400 million are below the poverty line, 75 per cent of them in the rural areas.

Nobody says this is an easy task. This is certainly a daunting task which involves political, economical, cultural, technological strings attached.

Microfinancing is certainly a small and good start where this could begin. When you enable people with finance, there are a lot of possibilities. This in turn opens up many buying opportunities. We all know the buying potential of 300MM people in the USA.

Social entrepreneurship is in no way a charity. Well, it is work to improve the society, but while doing so, we must create wealth, number of small businesses and entrepreneurs. It is a challenge.

Let us see what are the different ideas of social entrepreneurships come out in the near future. One of the websites that I keep watching is http://www.ashoka.org/fellows/social_entrepreneur.cfm