‘Women who create cash and make a social impact are Social Entrepreneurs’

New Delhi, Aug 25 (Bureau) Low income women who seek financial help to build an enterprise and create a social impact are social entrepreneurs, said Chandra Shekhar Ghosh, MD & CEO, Bandhan Bank Limited while speaking at the CII Social Enterprise Conclave on Wednesday. He explained how investing in women is equivalent to investing in equalizing, and was a definite way of making a social impact. Mr Ghosh further stated that to bring a change in the society and the economy it was imperative to empower women. Women are more serious about their jobs and are good investors, they have high return on investment as they invest on land, house, gold, etc, he mentioned.

Talking about the importance of scaling up business, he said, “small is beautiful, big is necessary”. He concluded by laying down certain guidelines for setting up incubators for social entrepreneurship which were spending time to understand the context and the starting point, instilling confidence in oneself and not letting imagination curb someone else’s aspiration. CII is organizing the 3rd edition of Social Enterprise Conclave with a theme ‘Innovate, Invest, Impact – Getting the Growth Back’ to shape the India’s development journey. This Digital Conference will give an effort to create a framework and a conducive environment for Social Enterprise.

The Conference will be a blended experience of impact pitching deck, policy dialogue forum, fireside chats. The key deliberations would include promoting social entrepreneurship and social innovation as agents of positive social change; providing a platform for social entrepreneurs, social innovators, NGOs, businesses, investors, academics and the government to engage with one another for cross-sector innovation; enhancing the business capabilities of social enterprises and on the other hand cultivate a purpose-driven mindset among businesses and promoting impact investing and bridge funding bodies and investors with social entrepreneurs and social innovators.