Challenges for Social Entrepreneurship
Social entrepreneurs face many challenges in India which hamper the
entrance of new entrepreneurs in India. Following are the challenges faced by
the social entrepreneurs:
● Lack of Education in Entrepreneurship: Education is the important
source of encouraging entrepreneurship in India but the Indian
education system is still works on the traditional lines. It still lacks a
specific curriculum for promotion of entrepreneurship and is restricted
only to the few business schools and that too lack in promoting social
entrepreneurship. Due to the gap in the education system, India is still
struggling in the entrepreneurship sector and therefore is major
challenge for social entrepreneurship.
● Lack of skilled manpower: Social Entrepreneurs requires different types
of the skilled manpower for the achievement of the organizational goals
but to fulfill the mission of social
● entrepreneurship, owners have to hire the individuals from the deprived
sector of the country who are unskilled. So, entrepreneurs have to incur
extra costs for their trainings and therefore pose a challenge for the
social entrepreneurship.
● Lack of Financial assistance: Lack of Financial resources is also one of
the major challenge for the social entrepreneurs as they start their
business with their own money or from taking loan from the local money
lenders who lent at a very high interest rates. This is because financial
institutions do not easily provide loans to the social entrepreneurs due
to the high risk factor.
● Social and Cultural effect: In India, people are not aware of the Social
entrepreneurship and this lack of knowledge sometimes becomes a
challenge for the social entrepreneurs. People are not able to find the
Social entrepreneurs face many challenges in India which hamper the
entrance of new entrepreneurs in India. Following are the challenges faced by
the social entrepreneurs:
● Lack of Education in Entrepreneurship: Education is the important
source of encouraging entrepreneurship in India but the Indian
education system is still works on the traditional lines. It still lacks a
specific curriculum for promotion of entrepreneurship and is restricted
only to the few business schools and that too lack in promoting social
entrepreneurship. Due to the gap in the education system, India is still
struggling in the entrepreneurship sector and therefore is major
challenge for social entrepreneurship.
● Lack of skilled manpower: Social Entrepreneurs requires different types
of the skilled manpower for the achievement of the organizational goals
but to fulfill the mission of social
● entrepreneurship, owners have to hire the individuals from the deprived
sector of the country who are unskilled. So, entrepreneurs have to incur
extra costs for their trainings and therefore pose a challenge for the
social entrepreneurship.
● Lack of Financial assistance: Lack of Financial resources is also one of
the major challenge for the social entrepreneurs as they start their
business with their own money or from taking loan from the local money
lenders who lent at a very high interest rates. This is because financial
institutions do not easily provide loans to the social entrepreneurs due
to the high risk factor.
● Social and Cultural effect: In India, people are not aware of the Social
entrepreneurship and this lack of knowledge sometimes becomes a
challenge for the social entrepreneurs. People are not able to find the
