Development of BoP needs creating a level playing field through entrepreneurship. This means training rural enterprises in leadership and managerial skills.
Localization of products and services is chiefly instrumental in creating sustainable social value for local populace. Social innovation is the underlying force behind this localization.
Being recognized by the Prime Minister himself, IIT Bombay’s SoULS project is one of the most innovative and scalable social impact projects in the country. It offers valuable insights into poverty alleviation, women empowerment and social change through access to clean energy.
Developing the Bottom of the Pyramid (BoP) community as producers is incomplete without giving access to marketplaces. Sustainable Development can be ensured if social entrepreneurs focus on developing BoP as Producers.
India needs social enterprises who rise at the grass root level, understand the problems of disadvantaged communities more intimately and innovate solutions sharply focused on various problems faced by them.
WASH innovation cannot work in a silo. It needs to work in tandem with positive interventions like awareness through seminars and village level events to help people become more vocal about their problems and make the impact more sustainable.
India can truly realize her potential only if she builds an inclusive economy. We believe government alone cannot do this. We need social entrepreneurs to step in.
Social innovators analyse a socio-economic issue from a human angle and build a solution that is rooted in empathy for the end user.
Creating more opportunities for women social entrepreneurs to hone their ideas and above all, a level playing field is necessary in achieving sustainable development and creating a growth story that translates into shared prosperity for all.
If India has to achieve sustainable and inclusive growth as defined in the SDGs and truly emerge as an economic powerhouse then more women entrepreneurs especially social entrepreneurs are needed.