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Listening Window Odisha Knowledge Hub Lecture Series 107

Grameen Bank promoted literacy amongst the system draws the resources of the poor and
borrowers and ensured that the children and pushes it towards the rich and revolves around
family members of borrowers get the opportunity the selfish element of human beings. On the
for education. However, soon the educated ones contrary, Grameen Bank strongly believes and
started looking for unavailable jobs. When this promotes the concept of Social Business that is
came to the notice of the bank, again Grameen not interested in making money, dwells upon
Bank chose to be partners in entrepreneurship the selflessness of human beings and is primarily
with these young job seekers by providing them carried out to solve problems instead of making
interest and time free capital, business ideas and profits. Circulating money through social business
other support. Now, every month Grameen Bank will lead to enhanced creativity, as welfare is not a
has 2000 investments being supported and in way to solve poverty.
total 31000 young people have started businesses
of their own in partnership with Grameen Bank. Citizen’s participation through social business is
an approach that can eradicate poverty. Similarly
Grameen Bank ensures support even after failure creating entrepreneurs and not job seekers will
in business. This was a natural progression from help a country progress more.
just giving a loan to a partner. The capitalist