Thursday, 10 October 2024

SOCIAL ENTREPRENEURSHIP: DEFINITION & IMPORTANCE | NEP

Definition: Social entrepreneurship involves identifying social problems and using entrepreneurial principles to organize, create, and manage ventures that address these issues. Unlike traditional businesses, social enterprises prioritize social impact alongside financial sustainability.

Importance of Social Entrepreneurship:

Addressing Social Issues: Social entrepreneurs tackle pressing issues such as poverty, education, healthcare, and environmental sustainability. For example, Selco India, founded by Harish Hande, provides affordable solar energy solutions to underserved communities in India.

Promoting Inclusive Growth: Social enterprises often work in marginalized communities, creating opportunities for those who are typically excluded from economic progress.

Sustainable Development: Social entrepreneurship aligns with the principles of sustainable development by balancing economic growth with social equity and environmental protection.

Innovation in Social Services: Social entrepreneurs bring innovation to sectors like education, healthcare, and sanitation, improving the quality and accessibility of these services. Teach For India, for example, works to bridge the educational gap in India by placing high-achieving graduates in low-income schools as teachers.

Examples of social entrepreneurs:

Social entrepreneurs in India are making a significant impact by addressing pressing social challenges through innovative and sustainable solutions.

1. Dr. Bindeshwar Pathak: Founder of Sulabh International
Dr. Bindeshwar Pathak is a pioneering social entrepreneur known for his work in sanitation and hygiene. He founded Sulabh International in 1970 to provide affordable and accessible sanitation facilities in India. His efforts have helped millions of people, particularly in rural areas, gain access to proper toilets, improving public health and dignity, especially for women.

2. Harish Hande: Co-founder of SELCO India
Harish Hande co-founded SELCO India in 1995 with a mission to provide affordable and sustainable solar energy solutions to underserved communities in rural India. Through SELCO, he has empowered thousands of low-income households and small businesses by giving them access to clean, renewable energy, improving their quality of life and productivity.

3. Anshu Gupta: Founder of Goonj
Anshu Gupta founded Goonj in 1999, an NGO that uses urban waste materials to create resources for marginalized communities in rural India. Goonj's flagship initiative is its "Cloth for Work" program, which turns discarded clothing into an incentive for rural communities to work on local infrastructure projects. Gupta’s work has promoted the dignity of labor while addressing issues of poverty and resource scarcity.

4. Shaheen Mistri: Founder of Akanksha Foundation and CEO of Teach For India
Shaheen Mistri is the founder of the Akanksha Foundation (1991) and the CEO of Teach For India (2008), both of which focus on improving educational opportunities for children from low-income communities. Through Teach For India, Mistri has been working to eliminate educational inequity by recruiting young professionals to teach in under-resourced schools, impacting thousands of students across the country.

5. Jeroo Billimoria: Founder of Childline India and Aflatoun International
Jeroo Billimoria is a globally recognized social entrepreneur who founded Childline India in 1996, a 24/7 helpline for children in distress. Childline has helped millions of vulnerable children across India, providing rescue, rehabilitation, and support services. Billimoria is also the founder of Aflatoun International, which promotes financial literacy and social education for children worldwide.


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