Trusteeship (Gandhism)
Encyclopedia
Trusteeship is a socio-economic philosophy that was propounded by Mahatma Gandhi
Mahatma Gandhi
Mohandas Karamchand Gandhi , pronounced . 2 October 1869 – 30 January 1948) was the pre-eminent political and ideological leader of India during the Indian independence movement...


.

Putting it in Gandhiji's words "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 honourable 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."
Gandhiji along with his followers, after their release from the
prison formulated a "simple" and a "practical" formula where Trusteeship was explained.

It had the following 6 points, which were later published in the newspaper 'Harijan'.

Influences

The founder of the Tata group
Tata Group
Tata Group is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra, India. Tata Group is one of the largest companies in India by market capitalization and revenue. It has interests in communications and information technology, engineering, materials, services, energy,...

, JRD Tata was influenced by Gandhi's idea of
trusteeship. He developed his personal and professional life based on this idea.
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