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Last Updated : Sep 02, 2015 05:18 PM IST | Source: CNBC-TV18

Social biz need to be created via CSR: Muhammad Yunus

In a conversation with CNBC-TV18‘s Jude Sannith, Yunus says that one needs to develop a business idea out of CSR and convert it into a social business.

Grameen Bank founder and economist Professor Muhammad Yunus says companies need to create a social business environment via the corporate social responsibility (CSR) initiatives.

In a conversation with CNBC-TV18’s Jude Sannith, Yunus says: “If you can create a business idea out of it (CSR), do exactly what you want it to do, then money goes out and you call it social business.” He adds that through this “social business money goes out, does the work and comes back.”

On skill development, he says: "skills should make people entrepreneurship-ready."

Watch video for more.

First Published on Sep 2, 2015 05:18 pm
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