Rural Entrepreneurship: The Current Scenario in India (original) (raw)

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.

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 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.

OPPORTUNITIES AND CHALLENGES FOR RURAL ENTREPRENEURSHIP IN INDIA

Rural entrepreneurship has an imperative role to play in the development of Indian economy. Taking into account the fact that nearly 70 percent of the Indian population calls rural India it's home, adequate funding and support can provide a prosperous entrepreneur atmosphere in these communities. So far as it is known that rural India as compared to the majority population is economically poor, younger, more secluded geographically, secluded from the main markets, racially imbedded in tradition, less dynamic economically and experiencing depopulation. It is to be noticed that most of the entrepreneur development policies are adapted to meet the needs of the urban India. Such policies will have to be changed by establishing such centers which exclusively deal with the rural communities and provide consulting and research facilities.

Rural Development in India Through Entrepreneurship

2019

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 act as a potent factor for economic development. There is a lot of scope for rural entrepreneurship in Small and Medium Enterprises (SMEs) in India which plays a vital role in providing employment and income for the poor and unemployed in rural areas. Considering more than 52 percent of the GDP and making available more than 75 percent of all labour force in India, the rural sector is best poised for a rapid expansion in the small and medium industry arena. People in rural areas suffer with unemployment, poor infrastructure facilities which may be solved with the development of the rural entrepreneurs. However, the rural entrepreneurs are suffering with various problems like fear of risk, lack of finance, lack of IT knowledge and technical skills, poor quality products, adverse social, cultural and ind...

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.

Rural Entrepreneurship in India: Challenges and Problems

International Journal of Advance Research in Computer Science and Management Studies, 2013

Rural entrepreneurship is now a days a major opportunity for the people who migrate from rural areas or semi-urban areas to Urban areas. On the contrary it is also fact that majority of rural entrepreneurs are facing many problems due to not availability of primary amenities in rural areas of developing country like India. Lack of education, financial problems, insufficient technical and conceptual ability it is too difficult for the rural entrepreneurs to establish industries in the rural areas. This paper makes an attempt to find out the Problems and Challenges for the potentiality of Rural Entrepreneurship. It also focuses on the major problems faced by rural entrepreneurs especially in the fields of Marketing of products, financial amenities and other primary amenities, i.e. availability of electricity, water supply, transport facilities and required energy etc.

Indian Rural Entrepreneurship Management:-Opportunities and Challenges

As around three-fourth of the India’s population is living in vast rural areas. The rural and urban categorization reveals wide disparities in various respects. The division of economic activities between rural and urban areas is one of them. Rural areas specialize more or less exclusively in agriculture while industries are exclusively located in urban areas. Given the weak rural urban or agriculture industry linkages, such a situation suffers from two serious shortcomings. First as agriculture by itself has a tendency to develop at a slower pace than industry, the division of economic activities leads to uneven development. Second since industry generally leads to higher level of output per worker than agriculture, the gap in income levels between those engaged in the two sectors tends to widen. Further, the relationship between traditional agriculture and modern industry generally has a dependency structure which puts the rural sector at a greater disadvantage in appropriating the gains of development and, in turn, increases the disparities between rural and urban income levels. As such, rural areas are ultimately marked be abject poverty and backwardness. In such situation, industrialization is viewed as an effective means of acceleration the process of rural development. Entrepreneurship precedes industrialization.

Role of Rural Entrepreneur in the Development of Indian Economy- a Study

Journal of emerging technologies and innovative research, 2021

The views about personal capability to start a business differ from one person to another. The foundation of new businesses is a complex procedure. However, there is no doubt that new businesses are important for national and regional economic. In regional development entrepreneurship is the most fundamental feature. Various government programmes are created to develop the entrepreneurship in rural areas in order to create economic and employment growth. Rural entrepreneurs are those who carry out entrepreneurial activities by establishing industrial and business units in the rural sector of the economy. In other words, establishing industrial and business units in the rural areas refers to rural entrepreneurship. In simple words, rural entrepreneurship implies entrepreneurship emerging in rural areas. This paper presents a study on role of rural entrepreneur in the development of Indian economy.