1. 43, Trans Indus
Basappanpalya, Tathaguni
Bangalore. 560062. INDIA
www.chandra-kant.com
Chandra Kant
The contents of this presentation are based on the writings of David Bornstein,
public data from the United Nations and talks and presentations by Dr. Ashok Das,
CEO SubMoksha and Mr. Anand Talwai, Founder, Nextwealth.in. Other sources are
CNBC, the Hindu, and the IRIS Knowledge Foundation
Socio-economic Development through
Entrepreneurship
"The demographic dividend is not a dividend if people aren't
educated and trained, and if there aren't enough jobs for them."
- Robert Prior-Wandesforde, Head of India and South East Asia
Economics at Credit Suisse

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Players in Socio-economic Development of a Community
Government Sector
 Top down, centralised model
 Policies shaped by executive or
legislative staff members
 Operationally inefficient
 Intense time pressures for
comprehensive solutions or “plans”
 Focussed on scale
 Hunger, poverty, unemployment
 Monitor business (financial and
otherwise)
 Conflicting interests of stakeholders
 Powerful elite
 Selling of government assets
 Who monitors the government?
Business Sector
 Growth by scale and monopolies
 300 corporations control 1/4 of the
world's wealth
 Prevents innovation
 Free of the social and legal forces
 Unlike humans
 Profit focussed
 Abusive labour practices
 Environmental disasters
 Exploitative pursuit of cheap minerals
and energy sources
• Dams, mining, global warming
 Government has failed to monitor
and control
 Can influence government
 Self serving laws

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Results of the nexus between government and business sector
Unemployment
 Underemployment
 2015: 200 million Indians between the
age of 18 and 25
 By 2021, 464 million Indians between
18 and 25
 By 2026, 458 million
Poverty
 80% of world production consumed
by 20% of the wealthiest
 22,000 children die each day
Education
 72 million children not in school, 57%
are girls
 By 2025, 300 million youth
uneducated
Health
 1.1 billion lack safe water
 2.6 billon lack basic sanitation
Hunger
 28% of children in developing
countries underweight or stunted
 Cash crops
Urban Migration
 3 generations ago, majority in
villages
 Mega slums
 Crime
 Violence against People, Animals and
Forests and environment
 Unhealthy
 Sewage
 Pollution

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Citizen Sector
Reaction to the issues of the corporate and business sector
Middle class
 Has education, wealth, political
power
 Tuning out the world
 Getting lost in distractions
 Complacent
 Not their responsibility
 Attitude of cynical detachment
Realises the need for change
Want to take action
 Feel overwhelmed
 Don’t know where to begin
 Feel that problems are too big to be
solved
Options
 Naxalism
 Activism
 NGO
 Social Entrepreneurship
Grow solutions from bottom-up
 Business Format
 Trial and error
 Continuous iteration
 Sharp focus on results
 Replicable, not scalable
Create public value
 Inclusive growth
 Exhibit a strong sense of
accountability

5. 43, Trans Indus
Basappanpalya, Tathaguni
Bangalore. 560062. INDIA
www.chandra-kant.com
Examples of Social Entrepreneurship

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The story of Bangladesh
International Aid
 Government to government
 Citizens are not responsive or
capable
 Free money
 Corruption
 Siphon money
 10 to 20 % aid reached needy
Social entrepreneurship
 Grameen Bank
 For profit, antipoverty bank
 Majority shareholders were the
women villagers
 Bangladesh Rural Advancement
Committee
 Rural education
 Health care
 Microfinance
 Social and economic development
Thought
 Presumption that Bangladeshis were
capable
 Focused not just on material poverty
but on dignity
 “You can decide not to fund us”
 “You can’t touch our management”
Action
 Hired locals
 Hired staff members through
competitive processes
 Counted and measured everything
 Every loan granted and repaid
 Every female child educated
 Every package of oral rehydration
salts distributed

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Nextwealth.in
Tier 2 cities
Promoters bring business
CEO executes
 Provides employment
 Underemployed women
 Disabled people
 Negotiates with local support
 Transportation
 Groceries
 Childcare
Brings wealth into the local
community
Makes profit
Replicable model
 Promoters only bring business
 Creates standard guidelines for set
up and operations
 Takes a percent of the profits
Currently operating in 4 cities

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Self Employed Women’s Association
Members are women
 Earn living by their own labour or
small business
No regular salaried employment
 No welfare benefits like workers in
the organized sector
93% of the Indian labour force
Goals
 Full Employment and Self Reliance
 Health
 Child care
 Insurance
Accountability
 Have more members obtained more
employment?
 Has their income increased?
 Have they become self-reliant both
collectively and individually?
 Have they obtained food and
nutrition?
 Has their health been safeguarded?
 Have they obtained child-care?
 Have they obtained or improved their
housing?
 Have their assets increased?
 their own savings, land, house, work-
space, tools or work, licenses
 Identity cards, cattle and share in
cooperatives in their own name
 Has workers’ leadership increased?
 Have they become literate?

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Sunmoksha
Create a micro-grid
 Set up a solar power plant
 Train local people to build and
operate
 Involve the villagers in digging
trenches and set up power lines
 Each house has an electric meter
connected to the internet
 Create prepaid / post-paid schemes
 Each micro-grid pays for itself
 Supports house lighting / street
lighting / pumps
Replicable model
 Promoter negotiates for good
infrastructure rates
 Monitors usage patterns across the
internet
 Charges flat fee for remote
monitoring and upgrades
 Everyone makes profits
 Each village takes ownership

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Marketing outlets
Rangsutra
 Marketing textiles
 Sources directly from the weavers
 Quality control
 Organic dyes and materials
 Sets up outlets in malls
 Weavers get direct payment without
middlemen
Replicable
 Set up outlets
Conserve India handbags
 Converting plastic waste into material
for handbags
 Local weavers trained to create the
handbags
Replicable
 Set up outlets

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What do you plan to do?
Stay home
Stay afraid
Protect yourself
Trust no one
Blame the government
Blame the environment
Pontificate on social media
Be an effete intellectual
Look around for needs
 Not fulfilled by government or large
corporates
Create employment
 Not the educated, but the uneducated
Promote education
Create a future of entrepreneurship
 Not an army of servants
Stop being a corporate servant
Leave a legacy for your children

12. 43, Trans Indus
Basappanpalya, Tathaguni
Bangalore. 560062. INDIA
www.chandra-kant.com
Thank You