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Social Entrepreneurship: The Way Forward to Sustainable Livelihood

Women’s entrepreneurship has been a significant driver of both concern and action. However, both in rural and urban areas, there is a very low level of development for women entrepreneurs in India. The government can use social entrepreneurs as a tool to help with problem-solving on the social front. The emphasis must be on empowering women by raising their levels of economic and social influence, participation, and decision-making. This is largely accomplished through the development of Self Help Groups (SHG), and it should be encouraged to foster social entrepreneurship for growth. Social entrepreneurship promotes economic growth, which is crucial for sustainable development. In the context of the chosen SHGs in the Salem district, the social and economic effects of SHG activities on household income, asset creation, savings, the creation of employment opportunities for other women, and the improvement of their social status have been studied. A multistage stratified random sampling technique has been used to select the sample SHGs and sample women SHG members. Simple tools like the percentage method and techniques like the chi-square test and a logic model have been used to analysis the data that has been gathered. Financial institutions have a crucial role in the increasing income, the development of productive assets, and most importantly, in the social empowerment of women by providing loans to them in both urban and rural regions. SHGs are an attempt to achieve this goal. SHG performance, however, has substantially improved. Furthermore, it is claimed that the women’s low socioeconomic status has an impact on their participation in SHGs. The study of the main data gathered shows that the performance of the chosen SHGs has greatly improved, and SHG units have significantly contributed to the economic empowerment of women through increased income, savings and employment of locals. Hence, it may be concluded that self-help groups are regarded as one of the most crucial instruments for promoting a participative strategy for the economic empowerment of women towards the process of sustainable livelihood. SHG is a widely accepted social entrepreneurship and which has the primary of empowering rural poor women, develop their capacity for income generation, and raise the standard of living.

Self-help Groups, Social Entrepreneurship, Sustainable Livelihood, Logistic Regression Model, Women Empowerment

APA Style

Arumugam Sugirtha Rani, Viswanathan Vaithianathan. (2023). Social Entrepreneurship: The Way Forward to Sustainable Livelihood. Journal of World Economic Research, 12(2), 59-68.

ACS Style

Arumugam Sugirtha Rani; Viswanathan Vaithianathan. Social Entrepreneurship: The Way Forward to Sustainable Livelihood. J. World Econ. Res. 2023, 12(2), 59-68. doi: 10.11648/j.jwer.20231202.12

AMA Style

Arumugam Sugirtha Rani, Viswanathan Vaithianathan. Social Entrepreneurship: The Way Forward to Sustainable Livelihood. J World Econ Res. 2023;12(2):59-68. doi: 10.11648/j.jwer.20231202.12

Copyright © 2023 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License ( which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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