The Need for Social Entrepreneurship
Entrepreneurship has become the new engineering nowadays. Everyone is an entrepreneur and everyone wants to start an entrepreneurial venture and with the ruling government being all for the start of new ventures and providing incentives to extraordinary ones, the number of people engaging in start-ups has gone up. This is proving of advantage to the economy as the government’s make-in-India policy is reiterated. Further, certain entrepreneurial ventures are such that they beneficial to the society, ridding it of problems that plague it.
Social entrepreneurship is nothing but the creation of such business models which revolve around low-cost products and services for the upliftment of parts of society that are monetarily backward in order to reach a common goal of social equality. When we look at the comprehensive explanation of social entrepreneurship, we realize that this is the kind of entrepreneurship that we require the most in India.
The need for social entrepreneurship in India is immense and is so realised when we read about the social conditions prevailing in rural parts and the number of hardships that a student has to go through to gain a basic primary education which is a fundamental right of every human being residing in India.
This brings us to the remarkable social entrepreneurial initiatives take by certain individuals for a step towards social equality. Jeroo Bilimoria, Ajaita Shah, Harish Hande, Sushmita Ghosh are certain names that come to mind. These extraordinary individuals have started organisations which have helped hundreds if not thousands lead a better life. Jeroo Bilimoria is the founder of multiple prize-winning NGOs and is recognized internationally for earning honorary fellowships. Currently, she works as the Founder and Managing Director of Child and Youth Finance International.
Ajaita Shah is the Founder and CEO of Frontier Markets which is a rural marketing, sales and service distribution company providing access to affordable and quality consumer durables to low-income households. Harish Hande is the Co-Founder of SELCO which is a social enterprise that has been working robustly towards putting the technology for the harnessing of solar power within the reach of the poor. Harish strongly believes that eradication of poverty will be possible if sustainable energy resources are provided to the poor. He is also the winner of the esteemed Magsaysay award. Sushmita Ghosh was previously a journalist who founded Changemakers which is an online platform for problem-solving. This platform now provides guidelines and instructions for social change and the establishment of social change organizations.
Certain other organizations which have transformed India as per their capacity have also left indelible imprints on the social standing. One of these is Mentor Together. Mentor Together is a volunteer program that aims at creating valuable mentor-mentee relationships between caring and trust-worthy mentors and youth of two kinds- destitute and orphaned girls who have no means to attain education and youth belonging to low-income groups who could use help with technology and such. Mentor Together has helped create around 150 mentor-mentee relationships in the past.
Ummeed Child Development Centre is another venture that has touched many lives. It is a center for the care and education of children who are at a risk of developmental disability. It helps the kids in terms of assessment of their disorder and therapy.
Social entrepreneurship is a rising hope in a world which is only concerned with monetary gains. It is what will reduce the gap between the two strata of society and bring them closer to equality. Such ventures will help those attain what are basic necessities.
Writer at Digipundit
Mrunmayi Gaikwad, soon to be a wielder of the scales of justice, harbors a twin passion for law and for poetry. Writing is more than just a hobby for her – it is a release. Mrunmayi is an avid reader and hopes to have her own personal library someday. Her family and the city of Mumbai are two pillars of her life.