From launching the Festival of Innovations to introducing a Masters program on Social Entrepreneurship and Innovation, India, particularly the Tamil Nadu region, is keen to innovate and drive social entrepreneurship.
India seeks Prof. Yunus’ help on social business, innovation and microfinance.
Here are the highlights.
Prof. Muhammad Yunus started the year at the 102nd Indian Science Congress, where he was awarded a gold medal by the Indian Prime Minister, Narendra Modi, for giving the poorest a life of hope, opportunity and dignity. He was also invited by Prof Anil Gupta of IIM-A to launch the Festival of Innovations at Rashtrapati Bhawan where he co-chaired a session with the President of India, Pranab Mukherjee. The Festival of Innovations is an initiative of the National Innovation Foundation.
Seperately, In a high profile panel discussion televised by NDTV, Prof. Muhammad Yunus was invited to speak about the Grameen experience in ‘banking for the poor’ and the relevance of the social business model for India.
Prof Yunus launched a Masters program in Social Entrepreneurship and Innovation at the Rajiv Gandhi National Institution of Youth Development (RGNIYD) in Chennai. He also met with the Governor of Tamil Nadu where he advised him on address youth unemployment in the state through entrepeneurship.
He closed his India trip with a roundtable held in his honour by the Maharashtra Finance Minister to seek his advice on converting the state’s 1.7 million Self Help Groups into “super happiness groups” through social business! Read more here.
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The Chairman for Private Sector Foundation Uganda (PSFU) Patrick Bitature has said that they are in the final stages of setting up a social trustee fund.
The fund will further improve the private sector’s Corporate Social Responsibility (CSR). Speaking at the inaugural graduation of the Yunus Social Business (YSB) accelerator at the Uganda Industrial Research Institute (UIRI) on Friday where he was the guest of honour. Bitature noted that it is time for the private sector to accelerate their efforts in pushing the economy to a higher level. “We are starting this fund because we want toimprove lives of people positively through a uniformed and improved CSR,” said Bitature.
PSFU was founded in 1995 to serve as a focal point for private sector advocacy as well as capacity building and it’s made up of over 185 business associations, corporate bodies and major public sector agencies that support private sector growth. According to Bitature, PSFU has been and continues to be Government’s implementation partner for several projects and programmes aimed at strengthening the private sector as an engine of economic growth.
“CSR is not only giving back to people but also improve their livelihood and we should use it to create jobs and tackle the issue of unemployment through social ventures,” said Bitature. PSFU’s Executive Director, Gideon Badagawa said that the fund will be launched early next year.
More than 15 entrepreneurs graduated with certificates from YSB and were told to put their newly acquired knowledge in practice by ensuring that they create jobs through social innovations. YSB’s executive director, Eriab Kizza said that they are working very hard to identify at least 1,000 social jobs annually because there are many untapped opportunities in the social business sector. YSB began its operations in Uganda in 2013 as a pilot programme with the African Development Bank devoted to promoting and creating an environment within which social business can thrive in Uganda.
YSB was founded by Yunus Muhammad, a Bengali social entrepreneur, Banker, Economist and civil society leader. Some of the graduates included proprietors of Kawempe Youth Center, Kitengesa Rural Library, Uganda Development Services, Nambi-Sepuya Library, Rukungiri Dairy Farmers Project, Bwega Information Library, Awamu Biomas Energy among others. YSB operates in seven countries of Colombia, Brazil, Haiti, Tunisia, Uganda, India and Balkans.
Story by By Isaac Baligema.
Originally published in http://www.newvision.co.ug/news/675836-private-sector-foundation-sets-up-social-fund.html