Adoption of Law on Social Entrepreneurship in Russia

Adoption of Law on Social Entrepreneurship in Russia

Galina Karelova on the law’s impact on the social sphere’s development 

On July 11, the State Duma adopted the law on social entrepreneurship on third reading. “It is difficult to overestimate the significance of the adoption of this law. Social entrepreneurship for the first time gained legislative recognition and support”, said Galina Karelova, Deputy Chairperson of the Federation Council. 

The Federation Council had a special role in promoting the draft law. This initiative was for the first time voiced by Valentina Matvienko, Deputy Chairperson of the Federation Council, at the First Forum of Social Innovation of Regions held in Omsk in 2015. “The law on social entrepreneurship is a good example of consistent implementation of recommendations of the Forums of Social Innovation of Regions”, emphasized Ms. Karelova. 

Social entrepreneurship in the world practice is viewed as not only a promising development branch of for-profit and non-profit sectors of economy but also as an element of the modern governmental social policy, which has already demonstrated its effectiveness in addressing many social problems. 

“It is necessary to fully engage the potential of women in social entrepreneurship because the share of women in this type of business is one and a half times more than in the conventional for-profit sector. Addressing socially-important problems and enhancing social usefulness of entrepreneurships can provide an additional impetus to women’s self-fulfilment”, noted Galina Karelova. 

“Achieving the national development goals such as enhancing the well-being of citizens, increasing life expectancy, and improving population indicators is impossible without supporting the social field. Adoption of this long-awaited law will give an additional impetus to development of socially-oriented business in Russia”, she emphasized. 

The law also establishes special forms and kinds of support of social entrepreneurs alongside with the criteria for assignment to social entrepreneurship. 

Translated by Nikolay Gavrilov