Livelihood
In India, over 4.75 million people join the labour force annually, with about 70% coming from rural areas. Despite this, the labour participation rate has seen a decline, and a significant portion of the population remains multi-dimensionally poor. Entrepreneurship and livelihood development interventions are crucial for accelerating poverty reduction and economic growth. Although there has been notable progress in promoting entrepreneurship and startups, certain challenges remain, particularly for micro-entrepreneurs and women. Access to capital, market channels, mentoring, and peer support are areas that need further development. Despite the perception of ample entrepreneurial opportunities in India, the fear of failure is a significant barrier for many and the ecosystem required to foster successful entrepreneurship is still in the process of development. Read more.
Centum Foundation places its interventions within this context. We recognize that entrepreneurship involves making well-informed choices and dedicated effort. Our model for developing entrepreneurship is crafted to assist first-generation micro-entrepreneurs by providing education, fostering innovation, and offering direct support, empowering them to unlock their entrepreneurial capabilities.
The model of entrepreneurship development followed by Centum follows a bottom-up facilitative approach having four distinct stages as explained below:
Centum Foundation's Multifaceted Approach to Livelihood
To address the barriers to education and to ensure education reaches all, Centum Foundation has adopted a comprehensive strategy:
Through these initiatives, Centum Foundation aims to create a more equitable and progressive world, ensuring education’s benefits reach every corner of society. Join us as we work towards empowering individuals through education, building the foundation for a brighter, more sustainable future.
Case Studies
Awards and Recognition
Brandon Hall Gold Award for 'Best Initiative for Philanthropy and Corporate Giving', 2023
Brandon Hall Silver Award for 'Best Corporate Outreach to Promote Diversity, Equity & Inclusion in Communities', 2023
Excellence in the 'Women Empowerment' category at the '11th World CSR Congress & Awards 2022'
Excellence in the 'Efforts towards building an inclusive world' category at the '11th World CSR Congress & Awards 2022'
Innovations in CSR Practices Award for 'Digital Skills Program‘, 2021
Best Corporate Foundation Award for 'Skill Development Program', 2019
Brandon Hall Gold Award for 'Best Advance in Social Impact Innovation', 2021
