Rapidly changing technology is affecting the functions and working styles almost in everyorganizations and these changes are also influencing the libraries. Libraries have basic funcitons however functions and responsibilites of libraries go beyond getting information to the public with the beginning of digital age. Adapting to the changes may be possible by internalizing new methods into library management. The concept of social entrepreneurship can come to the forefront in terms of reorganizing library services. Creating social value may be possible by going beyond traditional duties and responsibilities of libraries. Though there are many fields that libraries can create social value in the society, few of them shine out for immediate action. These are promoting information literacy, providing true, complete and accurate information and