ENTREPRENEURSHIP IN RURAL AREAS

GROUP MEMBERS

Lusi Maity Sonal Gunjal

Komal Talashilkar
Navdeep Shah

ENTREPRENEURSHIP

The word entrepreneur originates from the French word, entreprendre, which means "to undertake."
Anyone who wants to work for himself or herself is considered to be an entrepreneur.

Meaning of Rural Entrepreneurship

Definition:According to Government of India:Any industry located in rural area, village or town with a population of 20,000 and below and an investment of Rs. 3 cores in plant and machinery. Meaning:

Entrepreneurship emerging in rural areas is called rural entrepreneurship. Establishing industries in rural areas refers to rural entrepreneurship. Rural entrepreneurship is synonymous of rural industrialization.

RURAL BACKGROUND OF INDIA

After

over 5 decades of Independence and Industrialization in our country, still large part of population remains under poverty line. continues to be the back bone of rural society

Agriculture About

70% of its population resides in Rural area

About2/3rds

of Indias rural population is engaged in agriculture, accounts for less than1/4th of the National Income

THE NEED FOR RURAL ENTREPRENEURSHIP

Employment generation Reduce disparities between rural and urban income Promote balanced regional development Protect and promote art and creativity

Economic development in rural areas

CLASSIFICATION OF RURAL INDUSTRIES

Mineral-based

industries

Forest-based
Agro-based

industries

industries

Engineering
Services

industries

industry

Tourism

PROBLEMS IN RURAL ENTREPRENEURSHIP

Financial

Problems: Lack of Infrastructure facilities Risk Element

Marketing

Problems: Competition Middlemen

Human

Resources Problems: Low skill level of workers Negative attitude

CONTINUE

Management Problems:Lack of knowledge of IT Legal formalities Procurement of raw materials Lack of technical knowledge Poor quality of products

REMEDIES

Creation of finance cells Concessional rates if interest

Proper supply of raw materials

Offering training facilities Setting up marketing co-operatives

BENEFITS FROM RURAL ENTREPRENEURSHIP

Provide employment opportunities.

Check on migration of rural population.

Balanced regional growth.

Promotion of artistic activities.

Check on social evils.

Awaken the rural youth.

Improved standard of living.

CONCLUSION

key figure in economic progress of India. converting developing country into developed nation. removal of rural poverty in India. rural youth do not think of entrepreneurship as the career option. training and supporting system. efficient regulated market. Grading and standardization should be promoted. NGOs should be provided full support

Thank You!!!