1.4.6 Based on Gender: Women Entrepreneurship
Meaning: Business that is owned, managed, and controlled by women.
Govt. of India definition:
Women must have at least 51% financial interest (capital).
Enterprise should give at least 51% of employment to women.
Schumpeter definition (simple):
Women entrepreneurship is based on women’s participation in ownership (equity) and employment in a business.
1.4.7 Based on Social Problems: Social Entrepreneurship
Meaning: Entrepreneurship that focuses on solving social and environmental problems.
Started becoming known around the 1960s.
A big early example: Grameen Bank started by Muhammad Yunus in Bangladesh.
Main aim: Social welfare first (helping society).
Profit: secondary, but still necessary to keep the organization running.
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