Social Entrepreneurship: An Emerging Trend in India
11 Pages Posted: 2 Feb 2019
Date Written: January 6, 2019
Today in the era of sustainable development everybody is concern about the society. We take a lot from society. Now the questions arises what we are giving in return. This lead to emergence of social entrepreneurship. Social entrepreneurship is a term that is used to represent the whole picture of the process of social change on a larger and more impressive scale than a traditional non-governmental organization (NGO). It is very significant in the study of voluntary organizations, non-profit organization. Previously, organizations dealing with key social issues had to be idealistic, philanthropic with entrepreneurial traits. Social entrepreneurship in India is emerging mainly because the government is also very interested in its promotion, not only to finance or advice, but also to its licensing. After the compulsion of corporate social responsibility in Companies Act 2013, CSR in the private sector with clearly allocated funds and full-fledged action teams have played an important role in improving the image of social entrepreneurship. The purpose of the paper is to study the growing trends of social entrepreneurship in India and the new initiatives taken by various social entrepreneurs. It also provides a brief idea of the different theories of social entrepreneurship. Efforts are being made to provide information and an exploratory study of social business support activities and social entrepreneurship companies in India.
Keywords: Sustainable Development, Entrepreneurship, Entrepreneurial Traits, Social Entrepreneurship, Social Entrepreneur, NGO, Corporate Social Responsibility, Companies Act 2013.
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