A Policy Framework for Social Entrepreneurship in India

Abstract

Although, the emerging literature on social entrepreneurship (S-ENT) is riddled with theoretical inconsistencies, definitions controversies & framework contestations, the evidences supporting the role of S- ENT in fostering the socio-economic development of nations are evolving continuously. However, the policies concerning the creation & management of social enterprises are yet to be crafted in majority of the countries including India. This paper draws on the prevailing state of relevant policies & recent S-ENT policy developments within India. The paper attempts to analyze the system necessities & develops a conceptual framework of S-ENT policy in India. The paper finds that there is significant increase in the policy development efforts from Governments of certain developed countries. However, there are little or no concerns for S-ENT policy framework in majority of developing countries including India. Hence, the paper lays the foundation for development of the policy framework for S-ENT in India.