Exploring Social Finance as a Process for Value Creation in Social Entrepreneurship

This chapter aims to comprehend the ongoing developments within the emerging discipline of social finance and its role in value creation in social entrepreneurship. The discourse surrounding social finance is still in its infancy, yet it has attracted scholarly interest, prompting further exploration across various geographical contexts and dimensions. Social finance, now more commonly referred to as impact investment, has transformed over the past decade, driven by several factors. Among these factors is the increasing commitment of individual and institutional investors to address social issues on local, national, and global scales. The rise of social enterprises in recent years has been instrumental in driving the development of social finance. This study engages in literature-based discussions revolving around the theme of social finance. It conducts a critical assessment of research in this field, contrasting it with developments specific to India. The chapter commences by providing a brief overview of social finance and its relevance within the specific context of India. Subsequently, it delves into the various delivery systems and institutions operating within India's social finance realm. In conclusion, it offers insights and recommendations to enhance the impact of social finance further.