Solving the Problem of Unemployment Through Social Entrepreneurship

One of the most important aspects of social entrepreneurship is its ability to not only provide training to unemployed people but also to provide employment opportunities for them. While both unemployment and non-employment refer to situations in which people are not working, they represent different groups of people and have different economic and social consequences. Unemployment is generally regarded as a negative outcome that leads to lower economic growth and social challenges, whereas for some people, nonemployment can be a deliberate choice or a necessary stage of life. The global spread of the COVID-19 virus coincided with the onset of a severe economic downturn. Unemployment and Non-employment disproportionately affect those living in poverty and those already at a disadvantage. If social entrepreneurship is to be successful in significantly lowering the unemployment rate, it must be approached with clarity, strategy, and consistency. The rural economy is the focus of social entrepreneurship, which aims to improve it by employing the unskilled and uneducated. Chetna Sinha's Mann Deshi Mahila Bank provided job opportunities and financial services to rural Indian women. MIMO and other social enterprises hope to train rural residents to work in the digital economy. This prevents those individuals from traveling to cities in search of employment. The article discusses the importance of social entrepreneurship, what factors contribute to unemployment, and provides several examples of successful social enterprises that have actively served as a platform for the unemployed. The article focuses on India's and Europe's perspectives in particular