This paper is related with emerging trends of social entrepreneurship in developing countries like Indian and its future prospects and challenges. This paper shows lights on how development of social entrepreneurship can solve the problems of society which is ignored by commercial and Government enterprises. Social entrepreneur like is Muhammad Yunus, founder and manager of Grameen Bank has lead a new path in the development of social entrepreneurship in developing counties. He was awarded a Nobel Peace Prize in 2006 for his valuable contribution in social entrepreneurship. Work of Yunus and Grameen become motivating factor for modern day social entrepreneurs that emphasize the enormous synergies and benefits when business principles are unified with social ventures. In countries like  India, Pakistan Bangladesh and others countries still there are many challenges for the development of social entrepreneurs. Today, nonprofits and non-governmental organizations, foundations, governments, and individuals also play the role to promote, fund, and advise social entrepreneurs around the countries. A growing number of colleges and universities are establishing programs focused on educating and training social entrepreneurs.
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