Nobel Laureate Prof. Mohammed Yunis strongly advocated adjustment in the economic theory for promoting social businesses across the world. Delivering the Prof. Hiren Mukherjee Memorial Annual lecture in the Central Hall of Parliament last evening, he said one attractive of social businesses will be creation of jobs in special locations, particularly for the disadvantaged people. Narrating the success story of his Grameen Bank concept in Bangladesh, Prof. Yunis said that profit maximizing companies need to be assured the level of return on their investment in the social businesses, before they invest and pave way for creation of jobs.<br/> <br/>Referring to the big gulf between the poor and the rich, the Nobel laureate said, health care is another highly potential area of social business as the private sector caters to the interest of only the rich. Narrating his experience of Grameen Health Care in Bangladesh, he said, a plan is afoot to set up series of nursing colleges as social business to train girls from Grameen Bank families as nurses. Making a strong plea to make the social business plans widely known, he called for adequate funding of the good plans and ideas in this field.<br/> <br/>Prof. Yunis said that bilateral and multi-lateral donors can create social business funds and such initiatives have already been taken in Europe and Japan. He called for taking bold steps to move fast on the path of social business as the world is changing fast and proposed to accommodate social business as an integral part of the economic structure.<br/> The Professor gave a clarion call to make South Asia, a poverty-free region of the world by 2030 and establish a state of the art health care system for all the people. In his hour long speech, the Nobel laureate gave many examples of the successful experiments carried out by the Grameen Bank in Bangladesh to lift the lot of poor and down-trodden.<br/> <br/>AIR correspondent reports that his speech was listened with rapt attention in the Central Hall by the Union Ministers, Governors and Parliamentarians. Earlier, the Speaker of the Lok Sabha, Mrs. Meira Kumar, Chairman, Rajya Sabha, Mohammed Hamid Ansari and the Prime Minister, Dr. Manmohan Singh in their brief speeches hailed the monumental role of Professor Yunis in changing the face of poor in Bangladesh.<br/><br/> <br/>