• Mr. Nand Kishor

Social welfare consists of various local, states, and government programs designed to assist people with food, housing, and medical care. Social welfare systems provide assistance to individuals and families through programs such as health care, food stamps, unemployment compensation, housing assistance, and child care assistance. Innovation and entrepreneurship has assumed tremendous importance for accelerating economic growth in both developed and developing countries. It promotes cap-ital formation and creates wealth in country. It reduces unemployment and poverty and it is a pathway to prosper. Innovation refers to new product, process or service while entrepreneurship is the process of exploring the opportunities in the market place and arranging resources required to exploit these opportunities for long-term gain. Hence, innovation and entrepreneurship development is becoming a key policy matter for all economies. On the other hand, entrepreneurial intention is a function of entrepreneurial attitudes and many variables affect the entrepreneurial attitude. In this scenario, India is eyeing towards more entrepreneurial activities and the government is keen to facilitate innovation and entrepreneurship development. Adopting a grounded theory approach and in depth literature review the aim herein is to understand innovation and entrepreneurship development for reviving the economy.

Business, Development, Entrepreneur, Government Schemes, Policies, Strategies

"Innovation and Entrepreneurship Development for Social Welfare", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.1, Issue 3, page no.27-34, August-2014, Available :http://www.jetir.org/papers/JETIR1701846.pdf

"Innovation and Entrepreneurship Development for Social Welfare", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.1, Issue 3, page no. pp27-34, August-2014, Available at : http://www.jetir.org/papers/JETIR1701846.pdf