Social Entrepreneurship has significantly progressed and is well appreciated globally. It is the way of pursuing innovative solutions to societal problems. Social entrepreneurs act as the change agents for society like traditional entrepreneurs change the profile of the business. They tirelessly pursue opportunities to create and sustain social value to serve the community. This paper builds on the literature to study the concept of social entrepreneurship, examines the various challenges faced by social entrepreneurs, discusses the scope of social entrepreneurship and puts forward the initiatives taken by disparate social entrepreneurs.