Journal of World Economic Research

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Social Entrepreneurship: The Way Forward to Sustainable Livelihood

Received: Jan. 04, 2023    Accepted: Jun. 15, 2023    Published: Oct. 09, 2023
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Abstract

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.

DOI 10.11648/j.jwer.20231202.12
Published in Journal of World Economic Research ( Volume 12, Issue 2, December 2023 )
Page(s) 59-68
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

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

References
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[4] Hisrich R. D., Brush C. G, Good D., De Souza G. (1997), “Performance in entrepreneurial ventures: Does gender matter, Frontiers of Entrepreneurial Research”, Babson Center for Entrepreneurial Studies, Wellesley, MA, 238–239.
[5] Husain, Zakir and Mukherjee, Diganta and Dutta, Mousumi, (2010), “Self Help Groups and empowerment of women: Self-selection or actual benefits?”, Institute of Economic Growth, Delhi, Usha Martin Academy, Kolkata, Presidency College, Kolkata: 1-32.
[6] Shyamalie H. W., and Saini A. S., (2010), “Livelihood Security of Women in Hills: A Comparative Study of India and Sri Lanka”, Ind. Jn. of Agri. Econ., 65(4): 710-721.
[7] Frank Ellis (2000), “The Determinants of Rural Livelihood Diversification in Developing Countries”, Journal of Agricultural Economics, 51(2): 289-302.
[8] Orhan, M. and Scott, D. (2001),” Why Women Enter into Entrepreneurship: An Explanatory Model” Women in Management Review, 16, 232-247.
[9] Vishwambhar Prasad Sati Lalrinpuia Vangchhia (2017), “A Sustainable Livelihood Approach to Poverty Reduction An Empirical Analysis of Mizoram, the Eastern Extension of the Himalaya”, SpringerBriefs in Environmental Science.
[10] Kreide (2003) "Poverty and Responsibility in a Globalized World" Analyse & Kritik, 25 (2), 199-219. https://doi.org/10.1515/auk-2003-02005
[11] UshaRani Rathinam & Mamudu Abunga Akudugu (2014), “Self-help Groups as a ‘Livelihood Development’ for Rural Women: Experiences from India and Ghana”, Journal of Economics and Sustainable Development, 5(15), 194-200.
[12] Cynthia Benzing, Hung Manh Chu, and Orhan Kara (2009), “Entrepreneurs in Turkey: A Factor Analysis ofMotivations, Success Factors, and Problems”, Journal of Small Business Management, 47(1): 58–91.
[13] Abul Bashar Bhuiyan & Chamhuri Siwar et al., (2012) “Micro finance And Sustainable Livelihood: A Concept Linkage of Microfinancing Approaches towards Sustainable Livelihood”, American Journal of Environmental Sciences, 8 (3): 328-333.
[14] Saskia Vossenberg (2013),"Women Entrepreneurship Promotion in Developing Countries: What explains the gender gap in entrepreneurship and how to close it?," Working Papers 2013/08, Maastricht School of Management.
[15] De Vita, Luisa & Mari, Michela & Poggesi, Sara (2014), "Women entrepreneurs in and from developing countries: Evidences from the literature," European Management Journal, 32 (3), 451-460.
[16] Paramita Roy & Ramprasad Das (2014), “Evaluating Self-help Groups: A Village Level Analysis”, International Journal of Social Sciences, 31(1): 49-62.
[17] Ali Gumusay, (2015), “Entrepreneurship from an Islamic Perspective”, Journal of Business Ethics, 130 (1), 199-208.
[18] Bullough et al. (2015),“Developing Women Leaders though Entrepreneurship Education and Training”, Academy of Management Perspectives, 29 (2), 250–70. http://www.jstor.org/stable/43822387
[19] Bawa et al, (2007), “Effect of different methods of processing neem (Azadirachta indica) seeds on performance of young rabbits”, Pakistan J. Nutr., 6 (3): 212-216.
[20] John Eric Humphries, Christopher Neilson, and Gabriel Ulyssea, (2020), “The Evolving Impacts of COVID-19 on Small Business since the CARES Act”, Cowles Foundation Discussion Paper No: 2230, Cowles Foundation for Research in Economics, Yale University. 1-27.
[21] Grint, K. (2020), “Leadership, management and command in the time of the Coronavirus. Leadership, 16 (3), 314–319.
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[24] Olivier Serrat (2008), “The Sustainable Livelihoods Approach”, ADB, Washington DC.
Cite This Article
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    Arumugam Sugirtha Rani, Viswanathan Vaithianathan. (2023). Social Entrepreneurship: The Way Forward to Sustainable Livelihood. Journal of World Economic Research, 12(2), 59-68. https://doi.org/10.11648/j.jwer.20231202.12

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    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

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    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

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  • @article{10.11648/j.jwer.20231202.12,
      author = {Arumugam Sugirtha Rani and Viswanathan Vaithianathan},
      title = {Social Entrepreneurship: The Way Forward to Sustainable Livelihood},
      journal = {Journal of World Economic Research},
      volume = {12},
      number = {2},
      pages = {59-68},
      doi = {10.11648/j.jwer.20231202.12},
      url = {https://doi.org/10.11648/j.jwer.20231202.12},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.jwer.20231202.12},
      abstract = {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.},
     year = {2023}
    }
    

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  • TY  - JOUR
    T1  - Social Entrepreneurship: The Way Forward to Sustainable Livelihood
    AU  - Arumugam Sugirtha Rani
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    AB  - 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.
    VL  - 12
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Author Information
  • Department of Economics, Periyar University, Salem, India

  • Department of Economics, Periyar University, Salem, India

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