Social Entrepreneurship in India- An Overview

Abstract

Social entrepreneurs are the person who identifies the social problems and try to resolve it with various
innovative ways thus trying to bring a social change. Social entrepreneurship is gaining popularity
worldwide and attracting interest among academicians and researchers. Social entrepreneurship is
generally defined as “an Entrepreneurial activity with an embedded social purpose”.
Social entrepreneurship is basically an act of recognising the social problem and by using the
entrepreneurial principles try to manage a social venture so as to achieve a desired social change. Social
Entrepreneurship is becoming popular because development of any nation is depends upon how social
problems is handled. For developing nations like India it is very important to uplift the condition of bottom
of pyramid and social entrepreneurship is like a vaccination for this problem since it involves
underdeveloped and unprivileged groups of the society.
Though, social entrepreneurship is gaining popularity, it has to face various challenges at the same time.
The objective of the paper is to study the meaning of social entrepreneurship and the various challenges
faced by them while serving for the welfare of the society.