Social Sector Initiatives
Before studying the subject, the meaning of the name of the subject must be known to you. An interest is created by the name itself. So let me tell you a bit about what the social sector initiatives means. Social sectors are those sectors that embody the policies of a welfare state in the country. It works to uplift the standard of living of the members of society. It may demand a considerable amount of investment but don't yield immediate results. They don't even show a very predictable, finite promise of returns. Sectors like education, health, and nutrition etc are some social sectors that are socially valuable but do not add to economic growth immediately.
First, was the human capital approach. It saw social sector initiatives as an investment which would lead to long-term, more stable and permanent returns such as higher standards of living, higher standards of employment, reduced poverty and thus, the progress of the nation as a whole. Schultz and Becker, two scholars, in 1961 and 1962 proposed that education, health, and nutrition cannot be considered as consumption goods. There are investments to the Human Capital which will eventually lead to higher productivity and advance the entire country. The drawback of this The second approach was that of the Human Development. It saw initiatives in education, mental and physical health, nutrition, employment, etc as end-results rather than means to achieve higher productivity. It considered these as basic rights of all citizens and the country’s responsibility to provide them even if the rates of returns are low. Education or health care develops human beings and that in itself is an achievement and also the duty of the State. When a human develops then his capabilities are widened and he can provide for himself and that fulfills the role of the State.
Socially progressive States build an evolved international community and can do justice to the human race as an inclusive community. The human development approach is more applicable to countries like India which suffers from chronic problems of poverty and social backwardness. Students of IAS are the potential leaders of the nation. Understanding subjects like social sector initiatives are imperative for them to contribute to the growth of the country and attainment of a Welfare State. We at Gurmarg, open young minds to the world of Social Welfare, National Progress and Human Resource Development by teaching concepts holistically.