Social Venture Case Study

Criteria for success of a social venture:
Creating Social Impact:
A social venture should lead to creation of a new activity area where the needs of the people are not being satisfied by the existing services. There should be a group of people/beneficiary who actually long for those services and whose life can be impacted. . However, the nature of the impact varies across three general forms of social entrepreneurship. The three forms are
• One which build the local capacity to solve problem
• One which provides packages needed to solve the existing problems and
• One which helps to build local movements to fight with powerful actors
A great example of this could be Vaatsalya Health Care. While 70% of India is living in semi-urban and rural

Its aim was to bring renewable energy solutions to India’s poor. When he first implemented this ides, he had problems with creating awareness about solar and had to install the first lighting solutions free of cost to demonstrate its value. Due to this, in the past 18 years more than 1.35 lakh solar home lighting systems have been installed. His stellar efforts has won him Asia’s ‘Nobel’ prize, the Ramon Magsaysay Award in 2011, for “his pragmatic efforts to put solar power technology in the hands of the poor, through his social enterprise SELCO India.” Hande’s genius has been his efforts to not just sell solar lighting solutions, but creating an entire ecosystem around it, including tie-ups with banks, NGOs and farmer co-operatives for innovative financing, creation of income generation activities using solar, high-quality products and superior after sales

• Expanding the sale of products to new geographical areas.
• Increase in profits
To explain this further, we can look at Dhriiti. Dhriiti is a non-profit, development organization with has a mission to instill the sense of entrepreneurship among the youth and increase the efficiency of small scale industries to create better living for the people. As a part of its endeavor for North East India, Dhriiti has been implementing the “Arecanut Leaf Plate Manufacturing Cluster Development Project” since the last 5 years in Assam. It is working to set up small manufacturing units of disposable plates and bowls made from the sheath of areca nut plants. The manufacturing units provides employment to more than 20 rural youths. The enterprise not only has a positive impact on the employability of the region but also lead to production of an eco-friendly product from a resource which is generally a waste in these