In a country like India, raring to break free of social injustice and inequality, backwardness and deprivation, it is high time, a social enterprise is recognized as a separate legal business entity. We direly need regulations that understand the nature of such enterprises.
Erroneous perception about profit often doubts the intentions of a For-Profit Social Enterprise and overlooks fund related malpractices in Not for Profit NGOs. Attaching a moral value and transparent methodology to delivering social good makes people uneasy at the idea of doing it through a sustainable revenue model. Which is better? Generating profit through fair trade or depending on grants and donations which is becoming difficult to come through because of the philanthropy funding sources being saturated by pleas for it?