Inclusive Entrepreneurship: Exploring Financial and Social Capital for SC and ST Entrepreneurs in India
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Abstract
This study explores the impact of financial and social capital on the success of Scheduled Caste (SC) and Scheduled Tribe (ST) entrepreneurs in India, focusing on how these resources can foster inclusivity in the entrepreneurial ecosystem. Using a mixed-methods approach, the research combines qualitative interviews with SC and ST entrepreneurs to capture firsthand experiences and quantitative surveys to assess how access to financial and social capital influences their entrepreneurial outcomes. Key findings indicate that limited access to capital and networks remains a significant barrier, while effective utilization of social capital enhances market access and business growth. The study’s insights contribute to theoretical frameworks on social and financial capital, providing evidence-based recommendations for policymakers, financial institutions, and development organizations. These recommendations aim to improve access to essential resources, promote inclusive growth, and support the sustainability of marginalized entrepreneurs in India.