Tuesday, September 1, 2009

Entrepreneurship is not restricted to the rich. The poor too have it. They lack in exposure, education and information in addition to capital. Social development programs rarely focus on making the poor owners of their destiny. Instead the givers become the owners, the capacity builders, the do gooders and the poor are the recepient.
There is a lot of talk amongst socio economists of direct hand outs to the poor in countries like India. Perhaps they are unaware of the reality of the world of the poor in India where exploitation of the poor happens at the post office, bank, money lender, contractor, job giver, colleague, village headman, politician, bureaucrat etc. In direct handouts there is an assumption that as money will get credited into the account of the poor, he will receive it. It doesn't happen like that.
Make the poor the owners of the enterprise, assist him with knowledge, information and management process but let him run that business. You will see them succeed and true poverty alleviation happen.

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