Socio-economic and Environmental Factors Influencing Social Entrepreneurship: Demystifying Pathways to Community Development

This study examines the influence of socio-environmental and economic factors on the success and impact of socio-entrepreneurial ventures in Rajasthan. By analyzing data from 240 socio-entrepreneurs across three districts, the research highlights the critical role of community engagement and environmental awareness in fostering the development and sustainability of socio-entrepreneurial initiatives. Findings indicate that socio-entrepreneurs thrive in environments characterized by strong community support and high environmental consciousness, which enhances resource sharing, collaborative innovation, and venture sustainability. Economic factors also significantly impact socio-entrepreneurship, with access to funding and supportive economic policies proving essential for venture growth. Financial resources, including grants, impact investments, and microfinance, alongside favorable policies such as tax incentives and subsidies, facilitate the scaling of socio-entrepreneurial projects. The study emphasizes the need for a holistic approach that integrates socio-environmental and economic considerations to support the success and impact of socio-entrepreneurial ventures.