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Social Entrepreneurship Concept

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Today, small and medium industry MSME (Micro-Small and Medium Enterprises) involves a place of key significance in the Indian financial structure because of its critical commitment as far as yield, fares and work. The little scale industry represents 40% of gross modern esteem expansion and half of aggregate assembling sends out. More than 3.2 million units spread everywhere throughout the nation delivering around 8000 things, from extremely fundamental to exceedingly modern items. The SMEs are the greatest business giving divisions after farming; giving work to 29.4 million individuals. Nonetheless, MSMEs, which constitute over 90% of the aggregate number of modern ventures, are currently confronting an extreme rivalry from their worldwide …show more content…
Everyone wants a share of this highly appealing fruit, although the hardships associated with its operationalization have not been fully understood or discussed. Therefore, for a better understanding of the dynamics in the operationalization of this concept, we begin this report with a review of some of the accepted views on social entrepreneurship, which reflect the practical issues that stand in the way of translating the concept into action. To begin, we quote Martin and Osberg (2007: 39), who highlight the need for clarity in the definition of social entrepreneurship: Our view is that a clearer definition of social entrepreneurship will aid the development of the field. The social entrepreneur should be understood as someone who targets an unfortunate but stable equilibrium that causes the neglect, marginalization, or suffering of a segment of humanity; who brings to bear on this situation his or her inspiration, direct action, creativity, courage, and fortitude; and who aims for and ultimately affects the establishment of a new stable equilibrium that secures permanent benefit for the targeted group and society at large. This definition, when read in correlation with the example of the cafeteria employing the disabled, shows that though the process of social entrepreneurship may appear to be a simplistic model woven around an economic activity, it is an extremely …show more content…
We undertook this study to understand the financial challenges faced by Indian social entrepreneurs; their experiences highlight the need for financial provisions and support mechanisms, which would consciously encourage investments and recognise the work done by social ventures in the nation. Without such systemic support, entrepreneurs often face a formidable task to sustain their social ventures. This could result in the early death of their ventures due to the lack of financial assistance. Such sustenance-related challenges faced by social ventures due to the lack of an enabling ecosystem is a loss for the nation, especially at a time when India is considered to be on the verge of becoming a dominant global power in the near future. Given that the nation still falls behind when it comes to social justice and equality for its vast population, it is imperative for India to put in place support mechanisms that recognise and promote the prominent role played by social entrepreneurs in filling this gap and in making its growth trajectory more equitable and

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