Content for Mains Enrichment (CME)
Source: HT
Beggars’ Corporation, a Varanasi-based start-up, has received the Best Social Impact Award in the Innopreneurs Global Startup Contest.
| About Beggars’ Corporation
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It is the only for-profit company in the world working towards making extremely poor people creators and owners of wealth.
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| Aim | To make beggars self-sufficient by turning them into entrepreneurs through the conversion of donations into social investments.
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| How does it work?
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Indians donate around ₹34,242 crores annually to India’s 413,670 beggars. Beggars’ Corporation aims to use this donated money to train beggars into employment generators and build their capacities for startups.
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| Usage | This example can be used to show values of Empathy, Social Impact, Innovations, empowerment, social responsibility etc.
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