Owning a share of their craft

A company share, framed and prominently displayed on the wall of an artisan's hut in rural Rajasthan signifies a small but important transformation taking place in the lives of craftspeople who have become shareholders of Rangsutra, a company set up by social activist-turned-entrepreneur Sumita Ghose six years ago.

For the over 1,100 weavers, embroiderers and artisans who have formed the privately held company by pooling in not just money but also their creative, productive skills, the shares are much more than just scraps of paper. For many it is their new savings, as valuable as the chunky silver they have invested in for centuries.

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Source: Business Line

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