Social Entrepreneurship is Growing Among Youth in Cities
Motivated by a strong sense of purpose and desire to drive change, youngsters are doing their bit for society.
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Social entrepreneurship combines the passion for social change with the business acumen to create sustainable solutions to the most pressing social problems of our time. The social enterprise sector is growing rapidly, with more young people choosing to pursue this path as a viable career option.
In a recent address to the nation on India@75, Prime Minister Narendra Modi stressed the need for India to become a developed nation by the centenary of Independence. He urged citizens to work towants achieving five pledges, or 'Paanch Pran' to fulfil the dreams of the country's freedom fighters by 2047. These pledges include achieving a developed India, eliminating any signs of subservience, promoting pride in India's cultural heritage, fostering unity, and fulfilling our duties.
Advancing social and economic objectives
Social entrepreneurship involves the creation, financing, and expansion of enterprises that aim to achieve a social or environmental purpose. Typically, these ventures are initiated by individuals who are driven by a desire to address a specific social or environmental challenge, such as poverty, inequality. climate change, women empowerment, support artisan communities, etc. Unlike traditional non-profit organisations, social enterprises operate as businesses, generating revenue through the sale of products or services, which is then reinvested to advance their social mission. Overall, it provides a unique approach to address the socintal challenges by combining commercial practices with social goals and development at heart.
Social entrepreneurs are motivated by a strong sense of purpose and a desire to drive meaningful change, and their ventures are designed to tackle social or environmental problems in a sustainable and scalable manner. These may include creating employment opportunities, reducing poverty, and promoting environmental sustainability. Social entrepreneurship in an effective solution to address pressing societal challenges while promoting economic growth and development.
Social entrepreneurship involves the creation, financing, and expansion of enterprises that aim to achieve a social or environmental purpose. Typically, these ventures are initiated by individuals who are driven by a desire to address a specific social or environmental challenge, such as poverty, inequality, climate change, women empowerment, support artisan communities, etc.
Social enterprises are businesses with the potential to generate revenue and become financially self-sustaining
Unlike traditional non-profit organisations, social enterprises operate as businesses, generating revenue through the sale of products or services, which is then reinvested to advance their social mission. Overall, it provides a unique approach to address the socintal challenges by combining commercial practices with social goals and development at heart.
Social entrepreneurs are motivated by a strong sense of purpose and a desire to drive meaningful change, and their ventures are designed to tackle social or environmental problems in a sustainable and scalable manner. These may include creating employment opportunities, reducing poverty, and promoting environmental sustainability. Social entrepreneurship in an effective solution to address pressing societal challenges while promoting economic growth and development.
Exploring new opportunities
Despite certain challenge faced, there are many ways that urban youth can carve out successful careers in social entrepreneurship. One approach is to start their own social enterprise. This can be a challenging but rewarding path, allowing young people to pursue their passion for social change while building a sustainable business model.
They can also work for an existing social enterprise. Working for an existing social enterprise can provide valuable experience and skills, as well as the opportunity to make a meaningful impact on society.
The youth can also pursue education and training in social entrepreneurship, There are many educational programmes and training opportunities available that are specifically designed to prepare young people for careers in social entrepreneurship.
(The author is MD & CEO, SBI Foundation)
