Rural entrepreneurship

1,617 views
1,434 views

Published on

This presentation gives insight on promotion of Rural Entrepreneurship.

Published in: Business
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
1,617
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
530
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Rural entrepreneurship

  1. 1. Entrepreneurship Perspectives Entrepreneurship in Rural Areas Sshailesh L. Prajapati
  2. 2. • 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, entrepreneurship is the best option. Entrepreneurship in Rural Areas Entrepreneurship Perspectives Sshailesh L. Prajapati
  3. 3. • 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. Entrepreneurship in Rural Areas Entrepreneurship Perspectives Sshailesh L. Prajapati
  4. 4. • Challenges faced by rural Entrepreneurship in India • Family Challenges • Social Challenges • Technological Challenges • Financial Challenges • Policy Challenges • Power failure • Mall Culture • Infrastructure Sickness Entrepreneurship in Rural Areas Entrepreneurship Perspectives Sshailesh L. Prajapati
  5. 5. • 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 Entrepreneurship in Rural Areas Entrepreneurship Perspectives Sshailesh L. Prajapati
  6. 6. • Problem of Rural Entrepreneurship • Financial Problems • Paucity of Funds • Lack of Infrastructural facilities • Risk Elements • Marketing Problems • Competition • Middlemen Entrepreneurship in Rural Areas Entrepreneurship Perspectives Sshailesh L. Prajapati
  7. 7. • Problem of Rural Entrepreneurship • Management Problems • Lack of Knowledge of IT • Legal Formalities • Procurement of Raw Material • Lack of Technical Knowledge • Poor Quality of Products • HR Related Problems • Low skill level workers • Negative Attitude Entrepreneurship in Rural Areas Entrepreneurship Perspectives Sshailesh L. Prajapati
  8. 8. Entrepreneurship Barriers
  9. 9. Barriers to Entrepreneurship Entrepreneurship Perspectives Sshailesh L. Prajapati
  10. 10. • Capital • Pre-requisite for setting up of the new Enterprise. • It is a Lubricant to process of Production • It is a source to mobilize other resources lime men, material, and machines. • Entrepreneurship in any society increases with the increase in supply of capital. • Hence lack of Capital with any society or nation acts as a serious barrier for promoting Entrepreneurship in that society. Economic Barriers Entrepreneurship Perspectives Sshailesh L. Prajapati
  11. 11. • Labour • Real barrier is not the Labour but the poor quality of Labour is a barrier to Entrepreneurship. • Cheap Labour in developing country can be taken as strength prima-facie but the fact is that cheap labour is often has low level of productivity. • Unskilled and Low productive Labour acts as a barrier in setting up the modern enterprise. • This can be substituted by labour saving innovation like, Machines against the labour. Economic Barriers Entrepreneurship Perspectives Sshailesh L. Prajapati
  12. 12. • Raw Material • It is prime material by which product is getting manufactured. • In absence of this, entrepreneurs do not emerge. • Lack of RM is normally the greatest economic barrier for growth of the entrepreneurship. • Japanese society has been able to overcome this problem through innovative management system like “ EOQ” Minimum Level, Stress Level and JIT maintenance of Inventory. Economic Barriers Entrepreneurship Perspectives Sshailesh L. Prajapati
  13. 13. • It is a sociological and psychological factor act as non- economic barrier. • Cultural Block • Practical Values • Importance of Logic as compared to Intuition and subjective evaluation • Respect for Entrepreneurs • Emotional Blocks Non- Economic Barriers Entrepreneurship Perspectives Sshailesh L. Prajapati
  14. 14. • Personal Barriers • Lack of Sustained motivation • Difficulty with ambiguity • Inability to dream and use subconscious • Impatience in solving problems • Risk Avoidance • Lack of Clear Perception. • What is Tunnel Vision? • It is to refuse to look beyond the set boundaries. Non- Economic Barriers Entrepreneurship Perspectives Sshailesh L. Prajapati
  15. 15. Sshailesh L. Prajapati; FCA, MBA Compiled from various Books Sshailesh L. Prajapati

×