Significance of Social Entrepreneurship for Social Inclusion

Abstract

The amalgamation of business insight with the social responsibility, generating a positive impact on lives is the concept of the Social Entrepreneurship. The function of Social Entrepreneur is to identify the social problem and use the entrepreneurial principles to solve the same with a long term goal to bring broad-based social change. Despite its infancy in India, the Social Entrepreneurship has made significant contribution against the lethargic government and inefficient bureaucracy towards the many of the societal problems. This potential of the Social Entrepreneurship can be utilized to meet the targets of inclusive policy of the nation. India being heterogeneous in language, race and religion, culture, etc. suffers from the various kinds of social inequalities. Moreover, every third person in India, due to poverty is deprived from the education, employment, healthcare, sanitation, etc. resulting into social exclusion of the people. Successful examples Social Entrepreneurship like, Gramin Bank in Bangladesh, Amul in Gujarat have proved their worth in the process of social inclusion of marginalized people. However, the country needs many of such initiatives. The paper examines the features of Social Entrepreneurship to meet the various indicators of the social inclusion.