Tajikistan’s lower chamber (Majlisi Namoyandagon) of parliament has endorsed a bill on social entrepreneurship, according to the chamber’s press center.
A regular sitting of the fifth session of the Majlisi Namoyandagon of the sixth convocation took place on November 13.
The bill was reportedly developed to “improve the population's living standards, assist vulnerable groups, and address social issues by creating a favorable economic climate for social entrepreneurship in the republic,” says a statement released by the Majlisi Namoyandagon’s press center.
The legislation emphasizes that social support for the population includes not only monetary and material assistance to vulnerable groups but also the creation of conditions to restore their ability to work and integrate economically.
“Economic inclusion of this category of individuals can partially offset budgetary spending growth through tax revenues from their economic activity, contributing to their financial stability and self-sufficiency. Global experience shows that mechanisms to promote the employment of vulnerable groups through entrepreneurship, known as social entrepreneurship, are essential,” the statement added.
The adoption of this law is considered “absolutely timely” by the lower house, as it “creates the legal groundwork for overcoming social imbalances in the labor market, ensuring equitable and inclusive access to socio-economic and other rights for vulnerable groups, and thus achieving sustainable improvement in their lives and well-being.”
What is social entrepreneurship?
Social entrepreneurship refers to business initiatives that aim to address social problems, support vulnerable groups, and contribute to the community while generating sustainable revenue. It combines business strategies with social goals, fostering innovation and inclusivity in addressing societal challenges.
Social entrepreneurs are either non-profits, or they blend for-profit goals with generating a positive “return to society”. Therefore, they use different metrics. Social entrepreneurship typically attempts to further broad social, cultural and environmental goals often associated with the voluntary sector in areas such as poverty alleviation, health care and community development.
