Perception About Rural Entrepreneurship in India (original) (raw)
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The Empirical Perspectives on Rural Entrepreneurship Development in India
SSRN Electronic Journal, 2018
Today, Indian economy is much highly dependent on rural economy as 72.2% of the total population lives in the rural areas where agriculture and allied activities are the major sources of income. True entrepreneurs are passionate, resourceful and are driven to succeed and improve. They are surely pioneers and are comfortable fighting on the frontline. Certainly, the great entrepreneurs are ready to be laughed at and criticised in the beginning because they can see their path and are also too busy working towards their dream and passion. In general, an entrepreneur is a businessperson who not only organises and conceives ventures but also frequently takes risks in doing so. Not all entrepreneurs are created equal and not all independent business people are true entrepreneurs. Rural entrepreneurship is starting of enterprises in the rural areas. Entrepreneurship certainly is a wise answer to solve the migration, unemployment and also to promote social and economic development in the rural areas. Strengthening of the rural villages will improve the rural economy and will also encourage the preservation of natural resources. There exists a wide gap between rural and urban areas today in terms of infrastructure, financial access and market, etc. To reduce the disparities, revitalizing the rural economy is very much important and it can be achieved by establishing entrepreneurial ventures in the rural areas. Especially rising rural income will have a multiplier effect by raising the demand for farm and non-farm services and products instigating the growth of employment opportunities. Government of India has been continuously assigning and striving for increasing the importance and support for the growth and promotion of rural entrepreneurship. Some of the major obstacles for growth of rural entrepreneurship are risk aversion, less technical knowhow, lack of skilled labour, lack of communication facilities, limited access to essential services, etc. This paper provides an insight into the present scenario of rural entrepreneurship, meaning, qualities required for an entrepreneur, challenges and opportunities faced by entrepreneurs, entrepreneurship as a career and institutions promoting rural entrepreneurship and their role in fostering and developing rural enterprises.
Factors Influencing Entrepreneurship in Rural Communities: An Overview About Indian Scenario
Annals of the Polish Association of Agricultural and Agribusiness Economists, 2017
The main purpose of this study is to identify the route of entrepreneurial development and their associated emerging opportunities and the formation of essential strategies which are useful in order to achieve the goal. On the basis of the knowledge of the background and the long-term situation of the Indian labor market and by examining the trend, particularly the one which refers to rural development, the study also explores the potential entrepreneurial values with the help of recognizing the specificity of rural entrepreneurial culture, researcher can understand the current situation in the entrepreneurial environment of Indian villages and basic strategies for its development. Apart from that this research also identify the main factors influencing the developmental innovation in the rural environment. The paper implemented a descriptive research design using 85 randomly selected registered entrepreneurs from Vidarbha region, data collected were analyzed using quantitative rese...
Rural Entrepreneurship Challenges and Opportunities: An Indian context
Indian Journal of Applied Research, 2011
Entrepreneurship is the practice of starting new organizations or revitalizing mature organizations, particularly new businesses generally in response to identified opportunities. The entrepreneurial orientation to rural development accepts entrepreneurship as the central force of economic growth and development, without it other factors of development will be wasted or frittered away. However, the acceptance of entrepreneurship as a central development force by itself will not lead to rural development and the advancement of rural enterprises. To accelerate economic development in rural areas, it is necessary to increase the supply of entrepreneurs, thus building up the critical mass of first generation entrepreneurs who will take risks and engage in the uncertainties of a new venture creation, create something from practically nothing and create values by pulling together a unique package of resources to exploit an opportunity. This paper studies the changing paradigm of the rural India and also discusses the challenges and opportunities for the entrepreneurs in rural India.
A n Urge of Rural Entrepreneurial Development in India- One Step Ahead For Economic Development
Global Journal of Enterprise Information System, 2019
Purpose: This paper mainly focus on awareness towards the growth of rural entrepreneurial development in India and how much it affects the standards of living of the people live in rural areas and enhancement of Indian economyDesign/methodology/Approach: Review based ApproachFindings: The study concludes that the persons who have capability to innovate new and creative ideas that lead to change their lifestyle by commercializing their ideas in the inner market. While the government has also launched various supporting schemes or policies for the entrepreneurial development in rural areas like MSME that will provide a platform to the small medium size entrepreneurs to develop their enterprisesOriginality/value: This paper investigate that the entrepreneurs or the businessmen are the backbone of any country’s economy. So, through this paper I am trying to motivate those people coming from rural areas having new and innovative ideas to come ahead and contribute towards the growth of an...
PERSPECTIVES OF RURAL ENTREPRENEURSHIP IN INDIA
S A M Z O D H A N A – “J o u r n a l o f M a n a g e m e n t R e s e a r c h, 2014
Indian economy is highly dependent on rural economy as 72.2 % of the total population lives in rural areas where agriculture and allied activities are the major sources of income. Rural entrepreneurship is starting of enterprises in rural areas. Entrepreneurship is a wise answer to solve the unemployment, migration and to promote economic and social development in rural areas. The strengthening of the rural villages will encourage the preservation of natural resources and improve the rural economy. There exists a wide gap between rural and urban areas in terms of infrastructure, market and financial access etc .To reduce the disparities, revitalizing the rural economy can be achieved by establishing entrepreneurial ventures in rural areas. Rising rural incomes will have a multiplier effect by raising the demand for farm and nonfarm products and services instigating growth of employment opportunities .Government of India has been continuously assigning increasing importance and support for the promotion and growth of rural entrepreneurship. The obstacles for growth of rural entrepreneurship are literacy, risk aversion, lack of skilled labor, less technical knowhow, limited access to essential services, lack of communication facilities etc. This paper provides an insight into the present scenario of rural entrepreneurship, advantages, opportunities, challenges faced by the entrepreneur and institutions promoting rural entrepreneurship and their role in developing and fostering rural enterprises.
Rural Entrepreneurship-Problem and Prospects: An Empirical Analysis
2019
Rural entrepreneurs play a vital role in the overall economic development of the country. The growth and development of rural entrepreneurship facilitate self employment, results in wider dispersal of economic and industrial activities and helps in the maximum utilization of locally available raw materials and labour. It is fact that the majority of rural entrepreneurs are facing several problems due to lack of basic amenities in rural areas like, lack of education, financial problems, marketing hurdles, management and human resource problems, insufficient technical and conceptual ability etc. Over 70% percent of India‟s population lives in villages areas and majority of people depend on agriculture for their livelihood. The pace of industrialization in West Bengal is slow and tardy. Thus, there is need to strengthen employment opportunities in the rural areas by promoting rural entrepreneurship. The present descriptive study is made in the North Bengal districts of West Bengal base...
AN OVERVIEW OF PROBLEMS OF RURAL ENTREPRENEURS IN INDIA
India is the country of villages. Majority of the population are living in rural areas in India. People in rural areas suffer with unemployment, poor infrastructure facilities which may be solved with the development of the rural entrepreneurs. Rural entrepreneurs refer to those who carry out the business in rural areas with the utilization of local resources. But this rural entrepreneur is suffering with various problems like fear of risk, lack of finance, illiteracy, and competition from the urban entrepreneurs. Rural entrepreneurs increase the standard of living and purchasing power of the people by offering employment opportunity to the people in villages. This paper study the problems faced by the entrepreneurs and possible recommendation to overcome the problems.
This study was planned to appraise the factors that affect the performance of rural entrepreneurs in micro small enterprises located in central districts of Tamilnadu .It also gives the characteristics of rural entrepreneurs in micro small enterprises and the supports they acquire from Government, Financial institutions and NGO's, we have taken a sample of two hundred rural entrepreneurs as respondent for this study to engaged in five Industrial areas was taken for this pilot study using systematic sampling technique. In the process of respond the basic questions, a constructed questionnaire that include personal profiles, qualities of rural entrepreneurs and their enterprises, factors that affect the performance of rural entrepreneurs in micro small enterprises and supports received from central and state Government of India was framed well constructed questionnaire and measuring scales. Moreover, data collection were held with the rural entrepreneurs who are living and running the business in the rural side, After the data has been collected, it was analyzed using suitable statistical tools The results of the study indicates the personal qualities of rural entrepreneurs in MSEs and their enterprise affect their performance .It also shows that lack of own premises(land),financial utilization, management of competition, inadequate usage of training, awareness of latest technology and consumption and availability of raw materials were the key economic factors that affect the performance of rural entrepreneurs in Micro small enterprises. The study also found that bias of gender roles; social acceptability and network with outsiders were the major social factor that causes the performances of the rural entrepreneurs. Introduction Entrepreneurs are increasingly most recommended as an important source of economic growth, new product development and productivity, innovation and employment opportunities, and it is commonly known as a success key of economic revolution. Transforming the thoughts and ideas of individuals are converted into economic opportunities is the exact meaning of entrepreneurship. Annals reveals that economic development progress has been significantly advanced by practical consequences of people who are entrepreneurial and innovative thought holders, having interest and ability to exploit the favorable time to attain the goal and willing to take risks in his business. Entrepreneurship role and an entrepreneurial culture in overall economic and social development have many times been underestimated. Over the few years, however, it has become increasingly visible that entrepreneurs actually perform to contribute for economic development. However, the suggestive numbers of enterprises were owned by Urban Entrepreneurs (ILO, 2006). In other meaning, it was not common to see Rural People-owned businesses worldwide specifically in developing countries like India. The idea and generation of output of rural entrepreneurship is a recent phenomenon
Problems and Prospects of Rural Entrepreneurship in India
The process of economic development involves the utilization of the physical resources of a nation by its human resources. In fact, human resources are the seeds of economic development. Economic development depends up on the availability of a large number of innovative and dynamic entrepreneurs. Entrepreneurs act as the producers, decision makers and risk takers as well as innovators. They are the economic pioneers initiating changes in the economy. The entrepreneurship which springs up in rural area is termed as rural entrepreneurship. Rural entrepreneurship can reduce poverty, unemployment, growth of slums, pollution and can ultimately improve the per capita income of rural people. However, they face a lot of challenges in their path. This paper intends to focus on the problems and prospects of rural entrepreneurship in India.
Rural Development in India through Entrepreneurship: An Overview of the Problems and Challenges
In the era of globalization, entrepreneurship development in the rural context is a challenge. According to 2011 Census 68.84% people are living in rural areas of India. People in rural areas suffer with unemployment, poor infrastructure facilities which may be solved with the development of the rural entrepreneurs. " Rural Entrepreneurship can be defined as entrepreneurship emerging at village level which can take place in a variety of fields of endeavor such as business, industry, agriculture and acts as a potent factor for economic development ". But, these rural entrepreneurs are suffering with various problems like fear of risk, lack of finance, illiteracy, and competition from the urban entrepreneurs. Rural entrepreneurs increase the standard of living and purchasing power of the people by offering employment opportunity to the people in villages. This paper is an attempt to understand the problems and challenges for rural entrepreneurship in the context of rural development in India and possible suggestions to overcome the problems.