rural enterpreneurship in india

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Rural Entrepreneurship in India Team A

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Rural Entrepreneurship in India

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Page 1: rural enterpreneurship in india

Rural Entrepreneurship in India

Team A

Page 2: rural enterpreneurship in india

Introduction

Large part of the country is below poverty line.

Agriculture continues to be the main activity of rural society.

70% of holdings are held by small and marginal farmers resulting in

overcrowding on the agricultural land and diminishing farm value.

The above leads to migration to Urban areas

Agriculture work force is 70% in the total work force of the country.

Out of this 32% of 70% is agriculture labour and 68% is owing farm land.

In the above situation, rural entrepreneurship is the best option.

Page 3: rural enterpreneurship in india

Entrepreneurship in Rural Areas

• Entrepreneurship could take off the excess of labour from farms that

causes disguised employment. These labour in actual term does not

add any value to GDP.

• The basic Principals should be applied to RD.

Better distribution of farm produce

Occupation to rural youth to reduced disguised employment

Formation of Big Cooperatives like Amul for optimum utilisation

Optimum utilisation of local resource in entrepreneurial ventures

by rural youth.

Page 4: rural enterpreneurship in india

Family Challenges

Social Challenges

Technological Challenges

Financial Challenges

Policy Challenges

Power failure

Mall Culture

Infrastructure Sickness

• Challenges faced by rural Entrepreneurship in India

Page 5: rural enterpreneurship in india

Opportunities for Rural Entrepreneurs

•Crashed Schemes for Rural Development

• Food for work program

•National Rural Employment program

•Regional Rural Development Centres

•Bank for Technology

•Entrepreneurship Development Institute of India

•Rural Innovation Funding.

•The above programs are available for future Rural Ents

Page 6: rural enterpreneurship in india

Problem of Rural Entrepreneurship

Financial Problems

Paucity of Funds

Lack of Infrastructural facilities

Risk Elements

Marketing Problems

Competition

Middlemen

Page 7: rural enterpreneurship in india

Continue……Management Problems

Lack of Knowledge of ITLegal FormalitiesProcurement of Raw MaterialLack of Technical KnowledgePoor Quality of ProductsHR Related Problems

Low skill level workersNegative Attitude

Page 8: rural enterpreneurship in india

Barriers to Entrepreneurship

Environmental Barriers to Entrepreneurship

Economic1. Capital2. Labour

3. Raw Material

Non-Economic

Personal

Social

Page 9: rural enterpreneurship in india

NEED FOR RURAL ENTREPRENEURSHIP

Employment Generation

Reduce disparities in income between rural and urban income

Promote balanced regional development

Protect and promote art and creativity

Economic development in rural areas

Page 10: rural enterpreneurship in india

HOW TO DEVELOP RURAL ENTREPRENEURSHIP?

Strengthen the raw material base in rural areas.

Funds should be available on time at soft terms and conditions.

Develop entrepreneurial competencies through trainings.

Dissimilate information about the available facilities.

Modern infrastructural facilities.

NGOs in rural areas.

Page 11: rural enterpreneurship in india

Need For Sowing The Dream In The Minds Of Rural Youth

“Youths in the rural areas have little options”, this is what they are given to believe.

This is the reason that many of them either work at farm or migrate to urban land.

Entrepreneurship could be the best option.

If planted and nurtured in the minds of rural women and youth, it could result in revolutionizing the Indian economy.

It should be emphasized that the projects undertaken by these entrepreneurs should not be constrained by its location in rural area.

Page 12: rural enterpreneurship in india

Advantages of Rural Industrial Projects1. Tax holidays and other tax advantages given to rural projects.2. Abundance of cheap labor.3. Advantage of local and regional resources in case the unit

uses them as a raw material.4. Prestige and respect among the local community5. Live example for local youth for taking up entrepreneurial

project6. Support and motivation from local people7. Employment generation for local people.

Page 13: rural enterpreneurship in india

TRAINING FOR RURAL ENTREPRENEURSHIP The training for development of rural entrepreneurship has to be

different from the entrepreneurship development training in urban areas.

This is the reason that government initiated the integrated rural development programs.

The District Industrial Centre conducts these area potential surveys for usage of potential entrepreneurs.

Page 14: rural enterpreneurship in india

CONCLUSION

Rural entrepreneurship cannot be developed without significant training.

Therefore, instead of just schemes (financial and developmental) as the carrot for entrepreneurship development an intensive training needs to be provided to the youth in rural India. What’s required is to create a devoted team to take up rural entrepreneurship training as per integrated rural development program.

The problem is that most of the rural youth do not think of entrepreneurship as the career option.

Therefore, the rural youth need to be motivated to take up entrepreneurship as a career, with training and sustaining support systems providing all necessary assistance.

Page 15: rural enterpreneurship in india