…through social development and social stability.

Communities are faced with several social challenges driven by a general deterioration in the country’s social capital. However, communities can be positively impacted by the emergence of the social enterprise business model. Social enterprises are agents for development and can play an important role in maintaining community infrastructure and providing services for the community while solving social issues. A focus to support the work of social enterprises and to promote social value creation will contribute to increased employment and inclusion among the most marginalized members of society (rural women, youth and persons with disabilities), resulting in sustainable income.

What is a Social Enterprise?

A social enterprise is a business driven by a social mission. The mission is defined as ‘purpose’ rather than profit driven. Profits are primarily reinvested in the social mission.

The Social Economy and social enterprises are supported by the Ministry through the MSME Division and the MSME & Entrepreneurship Policy in chapter 9, “Social Value Creation.