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CONCEPT OF
TRUSTEESHIP
NAME :-
RAJANI HARSULKAR
SHILPA SRIVASTVA
PRATIKSHA CHANDAK
RADHIKA BAJAJ
ANJALI SALUJA
DEEPA JAMDADE
CONTENTS
INTRODUCTION OF
TRUSTEESHIP
SEVEN SIN’S
PRINCIPLE OF TRUSTEESHIP
LIMITATION
FEATURE
CONCEPT AND QOTETION
Trusteeship
Trusteeship is a socio-economic philosophy that was
propounded by Mahatma Gandhi. It provides a
means by which the wealthy people would be the
trustees of trusts that looked after the welfare of the
people in general. This concept was condemned by
socialists as being in favor of the landlords, feudal
princes and the capitalists, opposed to socialist
theories.
Trusteeship essentially means having faith and
confidence in a process of taking responsibility for
assets and social values, and administering their
rightful and creative usage for the benefit of others-
now, and in coming generations.
Trusteeship of Gandhiji
"Supposing I have come by a fair amount of
wealth – either by way of legacy, or by means of
trade and industry – I must know that all that
wealth does not belong to me; what belongs to me
is the right to an honorable livelihood, no better
than that enjoyed by millions of others. The rest
of my wealth belongs to the community and must
be used for the welfare of the community."
Trusteeship of Gandhiji
• In the first instance, everything must be surrendered to
God and then out of it one may use only that which is
necessary for the service of God's creation, according to
one's strict needs.
Government Regulation :
The Government should regulate
trusteeship. No Individual should be
allowed to use his wealth for selfish
satisfaction or against the interest of
society.
Limitations of Principles of Trusteeship
No private ownership:
The wealth should not be won by any
private fellow. It can only be done by the consent
of the people in the society at large. Further, social
welfare must form a part of this programme which
the State or the people in the society will direct.
Fixed maximum income:
Under this system, a maximum income will be
fixed by the State. A fair wage should be fixed for the
working class people. The State should see that there
exists a reasonable balance between the maximum
income and minimum living wage.
Social welfare:
The trusteeship system should aim at social
welfare. Under no circumstance, the welfare of the
society will be hampered. The rich people should
come voluntarily to join their hands with the common
people and decide measures for the welfare of the
society by the appropriation of the extra wealth
possessed by the rich people
Production as per social requirements:
The production should cater to
the need of the society. No personal choice
of the rich should guide the production
pattern. On the other hand, keeping in view
the necessity of the large bulk of Indian
population, things will be manufactured.
Mahatma Gandhi's Concepts and
Quotations
Mahatma Gandhi was influenced by Ancient Indian
Philosophy and teachings of holy Bhagavad Gita.
Gandhiji gave importance to following two concept:
Aparigraha i.e. Non-Possession
Sambhawa i.e. Equitable Distribution.
Gandhiji also gave importance to following two
quotations:
"Enjoy the wealth by renouncing it.“
"Excel in your work, produce wealth, take the
minimum which you need, leave the rest to the welfare
of the community.“
Few richest men in the world, especially, Bill
Gates and Warren Buffet are practicing the
Gandhian Principle of Trusteeship. These noble
philanthropists are distributing a huge
percentage of their wealth for social causes like
public health improvement, funding AIDS
research and higher education, running
programmes for poverty alleviation, etc. Their
willingness to solve community's problems as a
moral responsibility is quite remarkable and
deserves admiration