This study has been endeavoured to test the various problems and prospects of social entrepreneurship. This study observed the intensity of social entrepreneurs with respect to social development, problems and prospects associated, and social welfare measures in balanced development. The findings of the study were based on the sample of 100 social entrepreneurs. Sampling was carried out by interviewing randomly selected social entrepreneurs with the employment of non-disguised and structured questionnaire. Questionnaire was designed with four parts, such as demographic profile on social development, problems of social entrepreneurs, prospects of social entrepreneurs and social welfare measures. Collected data was analyzed by using chi-square test, weighted score analysis, Kendall’s coefficient of concordance and mean score analysis. This study was concluded that the social entrepreneurs have to face various problems in social entrepreneurship and enjoys many prospects on social entrepreneurship
