In my last blog, I wrote about the disparities existing in our country and proposed a solution for the backward India by promoting Micro Finance, following the concept of Grameen banks and socialBusiness.

I thank everyone for devoting their time to my blog and sharing your opinions. In this blog, I will discuss about the concept of social business, Grameen Banks and will analyze the views portrayed by Noble Laureate Md. Yunus when he came to India to deliver a lecture at the parliament of India.         

As discussed earlier in my blog about the raging disparity in our country, what could be an effective solution to this problem? Anyone would suggest to develop these backward areas, but the key questions remains the same-how? Government plans have failed to make a significant impact in these areas due to various reasons, some of them being corruption and in effective administration. A new approach needs to be adopted. I think in case of government developing the life of these peoples why not give these peoples a chance to develop themselves and government may act as guardian just to check any malfunction.  “Social business is can be casually assumed as a business in which neither loss is suffered nor gain.” The investor always gets his capital back and in dividend enjoys the fruits gained by performing his social obligations.  In delivering the lecture at the parliament of India Md. Yunus identified the two main questions which  decides the fate of the social business theory. Any person reading about social business will think two questions:

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Hey guys, I would like to share  my views about improper , unequal economic development taking place in our country. I would also request you all to share your experiences and ideas to find a remedy for this disease. In this blog, I will throw some light on regional disparities especially comparing the eastern belt that is BIhar,Jharkhand with comparitvely much developed Maharastra and Gujarat.

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