Abstract:
Entrepreneurship stands as a vehicle to improve the quality of life for individuals, families and communities and to sustain a healthy economy and environment. Rural entrepreneurship has emerged as a dynamic concept. If entrepreneurship really encouraged in rural area it would, of course, be instrumental in changing the face of rural areas by solving the problems of unemployment, poverty, economic disparity, poor utilization of rural capacity, low level of standard of living. The majority of the rural population depends directly and indirectly on agriculture based activities like livestock processing, agro processing, fishery, animal husbandry etc. Diversification into non-agricultural uses of available resources such as catering
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In his study, he points out that there is no universally accepted definition of entrepreneurship. However, there are two main approaches to defining entrepreneurship, the functional approach and indicative (traits) approach. The functional approach says an entrepreneur is what an entrepreneur does to make money. It specifies a certain function in business and deems anyone who performs this function to be an entrepreneur. While the indicative describes an entrepreneur by his/her contractual relations with other parties, his/her position in society in an effort to carry out business and create wealth.
Petrin (1994) in another article concluded that rural development is now being largely linked to entrepreneurship. It acts as a vehicle to improve the quality of life for individuals, families and communities in order to sustain a healthy economy and environment.
Satya pal (2013), Rural entrepreneurship should not only set up enterprises in rural areas but should be also using rural produce as raw material and employing rural people in their production processes. Rural entrepreneurship is, in essence, that entrepreneurship which ensures value addition to rural resources in rural areas engaging largely rural human
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Development of industrial units in rural areas through rural entrepreneurship has high potential for employment generation and income creation.
• Proper utilization of local resources:
Rural industries help in the proper utilization of local resources like raw materials and labor for productive purposes and thus increase productivity. They can also mobilize rural savings which help in increase of rural funds.
• Improved standard of living:
Rural entrepreneurship will also increase the literacy rate of rural population. Their education and self-employment will prosper the community, thus increasing their standard of living.
• Producers goods of consumers' choice:
Rural industries including village and cottage industries produce goods of individual consumers' choice and taste. Artistic products are produced to cater to the needs of different consumers according to their taste, design and choice.
• Entrepreneurial development:
Rural industries promote entrepreneurial development in the rural sector. It encourages young and promising entrepreneurs to develop and carry out entrepreneurial activities in the rural sector which finally facilitate the development of the rural
Chambers, Robert. Rural Development: Putting the Last First. New York: John Wiley & Sons, Inc., 1993.
The concept of rural development has changed significantly during the last three decades. Until the 1970s, rural development was synonymous with
The second suggestion of setting better criteria for determining which institutions should be included in the study has also been incorporated when setting criteria. It has yet to be determined whether stand alone rural institutions, rural institutions associated with urban centers, or a combination of the two will yield the best results. At this point in time, this student is leaning towards the combination.
Getting the initial seed money to start a business in rural India is also a prodigious task, with very few people having Permanent Account Number (PAN) cards and other identity proofs getting bank loans is next to impossible for scaling up the ventures or even to begin
The KVI sector would be accorded high priority with the objective of promoting a self reliant rural economy. KVIC is also helping the rural people in the village and cottage Industries by providing various incentives and organizing various training programs thereby increasing employment avenues in rural and backward areas. Government of India has created the rural infrastructure development fund in NABARD to create infrastructure such as irrigation, roads, bridges and market yards in rural areas.
Land is the place used to produce the goods. Not only the physical land, but also resources such as oil, air, and water. “Labor refers not only to the number of people in the workforce, but the quality of the workers in the workforce (Mandura 115)”. Capital, the third factor of production, refers to the goods used in further production. And finally, entrepreneurship is defined as the assembling of resources to produce new products.
There should be more number of entrepreneurs in Bhutan as these private organizations are more likely to generate employment opportunities. With the job market flooded with graduates and post graduates, entrepreneurs can help reduce or even solve unemployment in the country. Entrepreneurs can also introduce advanced technologies and equipment which can help in the country’s development. Private organizations are more innovative and with the increase in the number of entrepreneurs, more new innovations can take place in the country. Another reason why more number of entrepreneurs should be encouraged is due to new business ideas, the society and the country is greatly benefited. Business such as waste management can not only help the entrepreneurs in making fair amount of profit but they can as well benefit the society by helping them keep the environment
The grassroots approach to rural development is the involvement of the local people in the decision making process identifying their needs and deciding on the most effective solution with the appropriate technologies and sustainability. The grassroots approach
Of all the issues plaguing the development of this African nation, rural poverty is definitely one of the most significant, if not the tallest task to overcome. There are many reasons as to why rural poverty has become such a huge dilemma, and they are outlined above. Uganda has made considerable progress compared to other African countries in similar situations but still have a long ways to go if they are to sustain their growth and incorporate rural regions into their economic plans. Concluding, Ugandan rural poverty is an impactful issue that effects many levels of Ugandan society and must be dealt with in order for the country to thrive in the coming years.
...earch and extension, rural infrastructure, and market access for small farmers. Rural investments have been sorely neglected in recent decades, and now is the time to reverse this trend. Farmers in many developing countries are operating in an environment of inadequate infrastructure like roads, electricity, and communications; poor soils; lack of storage and processing capacity; and little or no access to agricultural technologies that could increase their profits and improve their livelihoods. Recent unrest over food prices in a number of countries may tempt policymakers to put the interests of urban consumers over those of rural people, including farmers, but this approach would be shortsighted and counterproductive. Given the scale of investment needed, aid donors should also expand development assistance to agriculture, rural services, and science and technology.
Entrepreneurship incorporates unconstrained imagination and a readiness to settle on choices without strong information. The entrepreneur may be driven by a need to make something new or assemble something unmistakable. As new ventures have low achievement rates, the business person should have impressive tirelessness. Because of this, the entrepreneur may have the best risk of achievement by concentrating on a business sector corner either too little or too new to have been commanded by built up organizations.
Nowadays, entrepreneurship becomes most popular career, where our government encourages our graduated student to involve in business so that unemployment will not happen in our country. Policymakers, academics, and researcher agree that entrepreneurship is a vital route to economic advancement for both developed and developing economics (Zelealem et al., 2004). Entrepreneurship has many types for example small business and others. Today small business, particularly the new ones, is the main vehicle for entrepreneurship, contributing not just to employment, social and political stability, but also to innovation and competitive power (Thurik & Wennekers, 2004).
Agriculture development is an essential for economic growth and rural development. Increase in agriculture productivity leads to the economic growth and create employment opportunity in rural area. While the state of rural infrastructure varies widely among developing countries, most lower-income developing countries suffer severe rural infrastructure deficiencies. Deficiencies in transportation, energy, telecommunication, and related infrastructure translate into poorly functioning domestic markets with little spatial and temporal integration.
In a democratic country like India, bringing 600 million people living in rural India into the impact circumference of the growth policies and reducing differences in urban and rural India is the biggest concern. The challenge is to take the levels of growth to all sections of the society and to all parts of the country to make it growth for everyone. One of the best ways to attain inclusive growth is through developing people’s skills. While it is quite evident that inclusive growth is important for achieving the equity objective, what is, perhaps, not so obvious is, why inclusive growth is now receiving this importance to sustain the growth momentum. Majority population living in rural areas, it is often identified with the agriculture sector. However, it is the unorganized non-farm sector that is increasingly absorbing most of the labour force. This sector has huge potential for growth once there is required investment in infrastructure ensuring linkage to markets and easier access to assets and skills. Introduction of appropriate technology, skills, and easier access to credit, especially start-up capital, apart from facilitating market development, can make this segment an expanding base for self-sustaining employment and wealth generation and also foster a culture of creative and competitive industry. Entrepreneurial growth and development has to be encouraged and enhanced by having an enabling healthy competitive environment and easy availability of finance for newer projects and