Role of Social Entrepreneurship for Realizing the Potential of Women Entrepreneurs in Madhya Pradesh | Original Article

ABSTRACT:

ABSTRACT

Women entrepreneurship has been the focal point of government’s agenda for socio- economic development of the country. With emerging footprints of social enterprises in the above direction realizing the huge scope and significant contribution as reiterated in UN-Sustainable development goals. The study outlines the development agenda contributing valuable insights on the same in state of Madhya Pradesh. The study uses both primary and secondary data such as books, journals, websites, etc. and conducting interviews of women beneficiaries working with social enterprises active in handloom sector of Madhya Pradesh which has been dominant soon after independence, run by Holkars as Rehwa Society, women weaves in Maheshwar. The findings show huge contribution of marginalised section of society apart from addressing environmental concerns. However in developing market the philanthropic activity is limited to few sectors or geographic areas for lack of economies of scale to manage or operate in long term. There is lack of awareness and implementation in market. There is need to enhance sensitivity towards this concept, it can be done through public private partnership, government contribution and corporate actions. In practicality there is need to adopt more comprehensive framework for management in emerging markets; investment on technology, training and skill development programs. Finally, sustainability can be achieved through collaborated and planned approach.