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The Role of Social Enterprises in Rural Economic Development

Chief Editors:  Mr. Irshadullah Asim Mohammed, Dr. Yogesh Mohan Gosavi, and Prof. (Dr.) Vineeta Kaur Saluja

Associate Editor: Mrs. Sruthi S

Co-Editors: Dr. S. Rajeswari, Dr. Nikhil Saini, and Ms. Atreyee Banerjee

ISBN:  978-81-985805-1-1

Chapter: 36

Author: Dr. V. Murugan

DOI: https://doi.org/10.59646/mrnc36/321

Abstract

Social enterprises play a crucial role in fostering rural economic development by addressing socio-economic challenges through innovative business models. These organizations operate at the intersection of social impact and financial sustainability, focusing on poverty alleviation, employment generation, and community empowerment. By leveraging local resources and promoting inclusive business practices, social enterprises contribute to sustainable development in rural areas. They facilitate access to essential services such as education, healthcare, and financial inclusion, bridging gaps that traditional markets and government initiatives often fail to address. The integration of technology and social innovation further amplifies their impact, creating scalable and replicable models for rural upliftment. Despite their potential, social enterprises face challenges such as limited funding, regulatory constraints, and infrastructural bottlenecks. Addressing these barriers through supportive policies, investment mechanisms, and capacity-building initiatives can enhance their effectiveness in driving rural economic transformation. This paper explores the multifaceted contributions of social enterprises to rural development, highlighting best practices, case studies, and policy recommendations for fostering a more inclusive and sustainable rural economy.

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