CURRENT AFFAIRS

Detailed explanation-1: -SAP’s collaboration with ISB is in tune with its strategy to drive social entrepreneurship through an alliance with leading Indian academic institutions.

Detailed explanation-2: -Social entrepreneurship is an entrepreneurial initiative towards the welfare of the social, cultural and environmental aspects of the society. Social entrepreneurs aren’t profit-oriented but work towards the improvisation of the society.

Detailed explanation-3: -The “Make in India” initiative is based on four pillars, which have been identified to give boost to entrepreneurship in India, not only in manufacturing but also other sectors.

Detailed explanation-4: -70% of the social enterprises work with individuals from socially and economically disadvantaged communities, 82% work with women, 31% work with people with disabilities, and 46% work with children. Surveyed social enterprises have supported a total of 150 million beneficiaries over their lifetime.

Detailed explanation-5: -More money flow in the Indian market When a startup employs people, they start buying products and services that increase the flow of government funds and revenue, thereby boosting the Indian economy.