Wellbeing through Entrepreneurship: Analysis by Using Capability Approach

The core claim of the capability approach is that assessments of the well-being or quality of life of a person, and judgements about justice, or the level of development of a country, on the basis of effective opportunities that people have to lead the lives they have reason to value. Entrepreneurship Development Model for Poverty Alleviation is focused program on pro-poor marginalized community of Nepal. This paper focused on finding of research conducted on different nine indicator of achieved functioning as an impact assessment tool. Capabilities Approach (CA) argued wellbeing is enhanced by expanding the range of things a person could be or do. Secondary data are used from the office of Dhangadhi Sub-metropolitan City and primary data are collected through structured ordinal questionnaire survey to the sample group of 123 persons representing the population of 409. Descriptive assessment is used to analyse the impact of program on peoples’ wellbeing. Individuals reported improved levels of wellbeing. High impact is shown in subjective wellbeing which is measured by overall life satisfaction, moderate impact on health, ability to be oneself, income sufficiency, friendship and decreasing feeling of loneliness and least impact on decreasing discrimination, trust on people and spending for own. The research findings show program has a positive impact on wellbeing, and it is suggested that the capabilities of beneficiaries expanded after joining the MEDEP/MEDPA program.