Social Entrepreneurship Ideas In India

7 Best Social Entrepreneurship Ideas In India

If you are looking for the best social entrepreneurship ideas in India? Then you came to the right place. If you are interested in contributing to the satisfaction of a problem of common interest, social entrepreneurship may be for you. India is one of the best countries to start this type of business.

A social enterprise is by nature ambitious since its objective goes much further than generating a return: through economic activity, it seeks to eradicate problems of an environmental, social, or cultural nature.

Social entrepreneurship is a tangible alternative for those who seek to start their own company and want to contribute to society.

Social Entrepreneurship Ideas In India

Social Entrepreneurship Ideas in India

Here are some of the best opportunities for social entrepreneurs in India:

1. Social Supermarket

Malnutrition in a community can be resolved through a network of markets or shopping centers that offer low prices and reasonable to their customers, in exchange for their taking empowerment actions. It is a model that is gaining followers to combat extreme poverty in many parts of the world.

There are many business organizations offering this kind of business that have more than 60 stores, this chain offers its products for 30 percent of the actual cost. But it requires its clients to allocate the amount saved to a series of beneficial actions for them, such as looking for a job or paying a debt.

Its primary aim is not to earn profits but to contribute to society so that everyone will be able to buy the basic necessities for their livelihood.

2. Training Projects

The idea here is to enable the community so they can solve a problem themselves. Training workshops with an empowerment approach are the best example, as they seek to equip attendees with skills and tools to achieve lasting changes.

You can train people so that be able to get jobs from these skills in different sectors. You can do it for free to gain a reputation and or offer training programs at reasonable prices so that each person can afford it.

3. Used Textbooks

Textbook shops are still needed, as they seek to solve a paradox: while thousands of students lack the resources to acquire their books, thousands more waste their texts, throwing them away or storing them at the end of the school year.

A key for this social enterprise to work is that the books are not given away and that the project can function throughout the year. To achieve this, it is important to look for a market mechanism, such as a store.

The used textbook market is already there and it is considered one of the best social entrepreneurship ideas in India. You can open a store in your area and sell used books to the students who want to buy them at a low price.

4. Marketplace with A Social Conscience

Thousands of artisans or producers of articles with social value have no way of subsisting because -simply- they do not know how to sell their merchandise.

This social enterprise consists of opening digital channels to these producers so that they can market and obtain income from their work. Of course, this model can be enriched by offering training to the artisans themselves, so that later they are the ones who manage the Marketplace.

5. Crowdfunding and Microfinance

Social entrepreneurs need more financing options. Therefore, a business idea that will always be necessary is crowdfunding and other forms of microfinance for these types of ventures.

You can choose an online platform where entrepreneurs post their personal stories, explaining why they need funding. But select the trusted one and do some research on the genuineness of the platform.

6. Waste Management

In India, both types of waste whether it is solid or liquid are found on every street. To make a clean and green India, it is necessary to focus on waste management.

This business is not only profitable but also the need for this business in India is crucial. With proper waste management, India will be a green state, and also many diseases and pollution can be avoided.

This business requires a large investment because you have to buy vehicles that collect the waste and through in a safe place. Also, you need to provide large dustbins in areas where people can throw the waste.

A large human resource is also needed for the purpose. Profit in this business is quite good, it depends upon you how you do this business and how to spread it in a large area.

7. Green and Sustainable Infrastructures

These structures are needed in urban areas because they lack green infrastructures. There are many ways by which you can start this business such as making public parts, planting trees on the roadsides, gardens, etc.

Please be sure that you have approval from the government to perform these activities. There are some initiatives that India has already taken for green infrastructures. Go to the official websites and know the schemes and offers the government has for you.

Considerations About Social Entrepreneurship

Before getting to work with social entrepreneurship, it is important to take into account that starting a business of this type is a very different process from a traditional company.

These are 3 relevant differences:

1. You Have to Choose the Approach

The same problem can be solved with different business ideas. For example, malnutrition in a community could be addressed with urban gardens, a social supermarket, or healthy cooking workshops.

Therefore, it is advisable for each social entrepreneur to thoroughly study their options and carry out a materiality or priority analysis. This will help you identify in what ways you can create greater economic, social, or environmental value.

2. Do Not Do Philanthropy, but Economics

Unlike NGOs, social enterprises use market mechanisms to create solutions. They do not give away but produce something like any other company.

3. It Is Essential to Involve the Community

Social entrepreneurship is not about implementing a planned idea from a desktop. It is essential to go to the community or group involved, ask them what their biggest problems are, and find out in what ways they could be solved.

So, social entrepreneurs do not solve the problems that they want, but those that the community needs.

FAQs

What are the 5 P’s of social entrepreneurship?

The P’s that are important for social entrepreneurship are persistence, patience, purpose, people, and profits. These are very important P’s one has to consider.

How can a social entrepreneur be successful?

To make social entrepreneurship successful one must have to adopt different techniques and methods that ultimately help the community.
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Irfan Hassan

My name is Irfan Hassan and I've done MBA in finance and marketing. I am a blogger by passion and love to share ideas about businesses that you can start and earn your livelihood. Visit about us page to know more about me and my blog.

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