Social Entrepreneurship: Development through Charity?
Firstly, social sector has traditionally attracted sincere individuals whose personal values and ideologies motivated them to “do something” for the marginalized segment of the society. It is this commitment, which sustains their efforts, even in the face of failure and adversity.
Easy availability of large funds (which the donor has already committed to spend though not-for-profit organisations), on the other hand, also has the potential of converting the social sector into a “money-spinner” for those who are merely looking for a secure source of employment and income. The phenomenal growth of the number of organizations registered under the Foreign Contribution Regulation Act (FCRA) during last decade or so, is an indication that this may already be happening.
Dr. Madhukar Shukla posts his views – a must read!