The majority of the population lives in villages, the village is the back bone of the country and village industries play an important role in the national economy, particularly in the rural development. Rural entrepreneurship is not only important as a means of generating employment opportunities in the rural areas with low capital cost and raising the real income of the people, but also its contribution to the development of agriculture and urban industries. Rural entrepreneurship can be considered one of the solutions to reduce poverty, migration, economic disparity, unemployment and develop rural areas and backward regions.
The major problems that have been identified are, poverty, illiteracy, unemployment, homelessness and crime and violence. Poverty is the condition, when the individuals experience scarcity of resources that are necessary to sustain their living conditions appropriately in my slide we can learn more about this
The major problems that have been identified are, poverty, illiteracy, unemployment, homelessness and crime and violence. Poverty is the condition, when the individuals experience scarcity of resources that are necessary to sustain their living conditions appropriately in my slide we can learn more about this
Entrepreneurship Development Programme (EDP)uma reur
EDP – Introduction to Entrepreneurship Development Programme
Entrepreneurship Development Programme is primarily meant for developing those first generation entrepreneurs who on their own cannot become successful entrepreneurs. It covers three major variables- location, target group and enterprise.
Any of these can become the focus or starting point for initiating and implementing an EDP.
What is Entrepreneurship? Generally, it is an activity of setting up a business and carrying out all the business operations by taking some financial risks to maximize the margin of profit. It is enough to briefly understand the whole concept properly. When the entrepreneurship is based on the welfare and upbringing of the remote areas, then it is known as Rural Entrepreneurship.
As people are migrating from rural areas to urban areas due to lack of job opportunities and rural youth is unable to find any options for their growth. It is not only bad for the rural areas as the rural areas do not have any options for youth but it also put pressure on the infrastructure and amenities of the urban areas. However, a large number of products and services are available in remote areas but people do not have any inventive ideas to utilize all these resources in a proper manner. That is the reason; Rural Entrepreneurship is highly required to develop the small villages and their people too.
Meaning, definition, Characteristics of Women Entrepreneurship,Women entrepreneurs may be defined as a woman or a group of women who initiate, organise and run a business concern., A woman with a passion for becoming an entrepreneur should try to develop the above mentioned traits, cross the hurdles with a determined mind and she is sure to have a successful tomorrow., Indian Women Entrepreneurs Characters
Entrepreneurship development - Micro Small and Medium EnterprisesSOMASUNDARAM T
Meaning; Definition; Types; product range; capital investment; ownership patterns; Importance and role played in the development of the Indian economy; Problems and Remedies; Sickness in MSME’s; Meaning and definition of a sick industry; Causes of industrial sickness; Preventive and remedial measures for sick industries.
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.
Key Words: Rural entrepreneurs, Issues and Challenges, Rural Development, Suggestions
Entrepreneurship Development Programme (EDP)uma reur
EDP – Introduction to Entrepreneurship Development Programme
Entrepreneurship Development Programme is primarily meant for developing those first generation entrepreneurs who on their own cannot become successful entrepreneurs. It covers three major variables- location, target group and enterprise.
Any of these can become the focus or starting point for initiating and implementing an EDP.
What is Entrepreneurship? Generally, it is an activity of setting up a business and carrying out all the business operations by taking some financial risks to maximize the margin of profit. It is enough to briefly understand the whole concept properly. When the entrepreneurship is based on the welfare and upbringing of the remote areas, then it is known as Rural Entrepreneurship.
As people are migrating from rural areas to urban areas due to lack of job opportunities and rural youth is unable to find any options for their growth. It is not only bad for the rural areas as the rural areas do not have any options for youth but it also put pressure on the infrastructure and amenities of the urban areas. However, a large number of products and services are available in remote areas but people do not have any inventive ideas to utilize all these resources in a proper manner. That is the reason; Rural Entrepreneurship is highly required to develop the small villages and their people too.
Meaning, definition, Characteristics of Women Entrepreneurship,Women entrepreneurs may be defined as a woman or a group of women who initiate, organise and run a business concern., A woman with a passion for becoming an entrepreneur should try to develop the above mentioned traits, cross the hurdles with a determined mind and she is sure to have a successful tomorrow., Indian Women Entrepreneurs Characters
Entrepreneurship development - Micro Small and Medium EnterprisesSOMASUNDARAM T
Meaning; Definition; Types; product range; capital investment; ownership patterns; Importance and role played in the development of the Indian economy; Problems and Remedies; Sickness in MSME’s; Meaning and definition of a sick industry; Causes of industrial sickness; Preventive and remedial measures for sick industries.
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.
Key Words: Rural entrepreneurs, Issues and Challenges, Rural Development, Suggestions
Opportunities for agri and rural entrepreneurship 1kiranRana48
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
A brief presentation on the analysis of Rural Entrepreneurship from various sectors. Includes a few Rural Entrepreneurship Projects already operating in India.
Rural Entrepreneur are the budding people in the rural area those are trying to convert there noble idea into business, and government is helping such people in Finance, Marketing, Technological aspect etc
Presentation by Dr. Jane Ives, Director, Global Grameen & NGO Student Internship Program, Thunderbird School of Global Management, 29Oct2009, Lokey Graduate School of Business, Mills College
View the video: http://vimeo.com/7925115
Small business in INDIA FROM_Grey MATERgrey master
hii guy make a refer a from my slide show PPT
i think it will help you in your ppt and get good remark
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Similar to Challenges of entrepreneurship development in rural area and business education (20)
This PPT is related to quiz competition
it includes all multiple choice questions related to politics, history, sports, culture, economics, current affairs etc.
Reserve Bank of India launched an initiative in 2007 – Est.
Financial Literacy and Credit Counseling Centers
Few banks have taken initiatives to start some centres in rural / semi urban areas
Hyderabad office of the Reserve Bank – Multy Model
Chennai Office of the Reserve Bank has brought out two comic books titled 'Currency Matters' and 'Bank Matters‘
New Delhi Office RBI - Published comic book on basic banking, titled 'Raju and the Money Tree‘
July 2012, national strategy for financial education was prepared and released by RBI.
SEBI the governing body of stock market India provides protection to the investors
Insurance Regulatory and Development Authority (IRDA)
The Pension Fund Regulatory and Development Authority (PFRDA)
Various Newpaper – Loksatta, Times of india, Maharashtra Times, Sakal etc.
Contribution of agriculture to India’s GDP – around 15% only. Employment 54% or thereabout.
However, very important.
Rural areas -- home to more than 70 percent of the India’s 1.1 billion people, a large number of whom are poor. Rural poor mainly depend on rain-fed agriculture and fragile forests for their livelihoods.
Government of India places high priority on reducing poverty by raising agricultural productivity.
Finance from formal sources --- key driver.
Life on earth is always dependent on Nature. From the very inception of a living phenomena, Nature has sustained life, including human life.
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When we talk of sustainable development in relation to education per se we must be clear in our mind the concept, scope and application of terms like sustainability, development and also education.
A superpower is a state with a dominant position in the international system which has the ability to influence events and its own interests and project power on a worldwide scale to protect those interests .
Advance technology and globalization has lead to competition so fierce never before.
Due to this intense competitive environment has shown a paradigm shift from transaction model to the relationship model where the focus is on long term customer satisfaction rather than short term profit acquiring by the business.
So, keeping your existing customer satisfied and maximizing Customer Lifetime Value (CLV) have significant importance than acquiring new customer.
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Hospitals: Fake Surgeries, Prescription of not Required Medicines.
Medical Shop: Adulterated , Expired Medicines.
Educational Institute: Charging Hefty Fees, Taking Huge Donations, Offering Fake Marks Statement, Taking Bribes for Passing the Students in the Examinations.
Daily Necessity: From Milk to almost everything you eat it is adulterated.
All kinds of governmental offices.
In Short you are totally surrounded by the scams.
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● To conduct the affairs of the company in a manner that ensure
fairness to customers, employees, investors, vendor. government
etc.
● To Maximize shareholders value
● To build up confidence and increasing the thrust of stakeholders
● To enhance efficiency and effectiveness through fair and transparent means
● To shape the growth and the future capital market
● To Minimize securities scam
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It implies social change because social good presupposes a living, changing society.
Globally India is considered as a safe destination
Country rating is stable
MNCs are doubling their investments in India
Exports have touched nearly $200 Billion and is expected to double in two years
Forex inflows around $300 Billion, with FDI forming a major part
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Today Green marketing is a buzz word. The colour ‘Green’ is used to express the concept of Environmental Protection. An enterprise is a corporate citizen. Responsibility towards environment has become one of the most crucial areas of social responsibility. This article introduces the terms and concepts of green marketing, briefly discuss why going green is important and also examine some of the reason that organizations are adopting a green marketing philosophy.
Lead’s Minds To Creativity
Encourages One To Take Initiative
Combined Efforts Get Centralized Towards A Single Target
Individual Growth Gets Space
One’s Vision Get Broaden
RNR’s (Rewards & Recognition) Also Go Hand In Hand
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2. UMBRELLA FOR ALL FINANCIAL ACTIVITIES IN INDIA.
3. FUNCTIONS ARE MONETARY AND NON-MONETARY.
4. SHOULD BE AUTONOMOUS AUTHORITY.
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India is the largest market for long term sustainability of Microfinance Institutions.
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Human development index imagination and realitiesPrashant Arsul
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The Human Development Index HDI is defined as the composite statistics used to rank countries by levels of human development.
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June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
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The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
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Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
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• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
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This will be used as part of your Personal Professional Portfolio once graded.
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Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
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Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
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2. Objectives of study:
To analyze the concept of rural entrepreneurship,
To know the importance of rural entrepreneurship
To study the challenges faced by rural entrepreneurship
To suggest some remedial measures to solve the challenges
faced by rural entrepreneurs
To analyze the concept of Business Education
3. Introduction
The majority of the population lives in villages, the village is the
back bone of the country and village industries play an
important role in the national economy, particularly in the rural
development. Rural entrepreneurship is not only important as a
means of generating employment opportunities in the rural
areas with low capital cost and raising the real income of the
people, but also its contribution to the development of
agriculture and urban industries. Rural entrepreneurship can be
considered one of the solutions to reduce poverty, migration,
economic disparity, unemployment and develop rural areas and
backward regions.
4. Meaning of Entrepreneurs,
Entrepreneurship & Rural Entrepreneurship
• Entrepreneur is defined as an individual who organizes or
operates a business.
• Entrepreneurship has to do with the process of bringing together
creative and innovative ideas as well as management and
organizational skills so as to be able to integrate man, machineries
and other organizational resources for the purpose of satisfying
the identified needs of the customer, thereby creating wealth.
• Rural Entrepreneurship emerging at village level which can take
place in a variety of fields of Endeavour such as business, industry,
agriculture and acts as a factor for economic development”.
5. Types of Rural Entrepreneurship
Agro Based Enterprises: This category includes direct sale or processing of
agro products such as wine industry, jiggery, pickles, sugar industries, oil
processing from oil seeds, dairy products, fruit juice, spices etc
Forest Based Industries: forest provides us different types of materials which
are used as raw material for certain industries. These industries include wood
products, coir industry, beedi making, honey making, bamboo products, paper,
match, lac, sports, plywood etc.
Mineral Based Industry: This type of industries use minerals and metals as
raw material are called minerals based industry These include stone crushing,
cement industries-limestone, silica, alumina and gypsum wall coating powders,
iron and steel, fertiliser etc.
Textile Industry: Indian textile industry is cotton based industry which
includes weaving, colouring, and spinning and bleaching, Silk, Jute, Wool etc
during the eighteenth and nineteenth centuries it is home based system of
manufacturing.
Handicrafts: These include making of wooden or bamboo handicrafts that are
local to that area, traditional decorative products, toys and all other forms of
handicrafts typical to the region
Engineering and services: These include agricultural equipments, tractors
and pump sets, repairs etc.
6. Importance of rural entrepreneurship
Provides employment opportunities:
Rural entrepreneurship is labour intensive and creates large-scale employment
opportunities for the rural people. Rural entrepreneurship provides a clear solution
to the growing problem of large-scale unemployment and underemployment of
rural industry
Check on migration of rural population:
Rural population moves towards urban for various reasons like income generation,
searching good job, utilize various facilities etc. Rural entrepreneurship will bring in
or develop infrastructural facilities like roads, power, bridges etc. It reduces the gaps
and disparities in income between rural and urban areas. Rural entrepreneurship
can avoid the migration of people from rural to urban areas in search of jobs.
Balanced regional development:
Rural entrepreneurship controls the concentration of industry in urban areas and
thereby promotes balanced regional development in the economy.
Promotion of artistic activities:
Rural industries also help protect and promote the art and handicrafts, i.e. the age-
old rich heritage of the country.
Check on social evils:
The growth of rural entrepreneurship reduces the social evils like poverty, social
tensions, atmospheric pollution, the growth of slums and ignorance of inhabitants
etc.
7. Importance of rural entrepreneurship
Awaken the rural youth:
Rural entrepreneurship encourages young and promising entrepreneurs to
develop and carry out entrepreneurial activities in the rural sector.
Improves standard of living:
Rural entrepreneurship will also increase the literacy rate of rural people. Their
education and self-employment will prosper the community, thus improving
their standard of living.
Proper utilisation of local resources:
Rural industries help in the maximum utilisation of local resources like raw
materials and labour for productive purposes and thus increase productivity.
Efficient and effective use of limited resources by the entrepreneurs leads to
overall economic development of an area.
Earnings of foreign exchange:
Rural entrepreneurship plays significant role in increasing the foreign exchange
earnings of the country through export of their produce.
Improvement in per capita income:
Rural entrepreneurship generates more output, employment and wealth by
exploiting new opportunities, thereby helping to improve the per capita income
of rural people.
8. Challenges in Rural Entrepreneurship
Lack of finance
Finance is the lifeblood of the business. Most of the rural entrepreneurs are mainly
struggling to raise the finance for their businesses. Non availability of adequate
collateral security often mars the chances of rural youth in obtaining adequate
funds in time to set up their own venture. Due to this, the entrepreneurs are forced
to take credit from village money lenders who charge exorbitant rates of interest.
Lack of knowledge
There is a distinct lack of adequate knowledge of entrepreneurial opportunities
among the rural youth less awareness of entrepreneurial knowledge . The Educated
and trained youths mostly leave for urban destinations in search of jobs.
Lack of technical know-how
On account of the faulty education system rural youth lack managerial, professional,
technical know-how which is an impediment in developing the spirit of enterprise,
consequently not many people come forward to establish Self-employment units.
Absence of enterprising skill
Most of the rural people lack risk bearing ability Reluctant to involve oneself in
business, inclination towards wage employment, lack of creative thinking are few
reasons which have restricted the growth of self-employment in rural area.
9. Challenges in Rural Entrepreneurship
Lack of infrastructural facilities
Rural areas are characterized by poor infrastructural facilities viz, roads, water,
market, electricity, street lighting, road transport, storage and communication etc.
which hamper the smooth movement of various industrial activities.
Adverse social, cultural and industrial environment
Social evils, caste systems, fatalism, religious superstitions, particularly in the
country side, do not allow development of adventurous spirit. Lack of skill and
expertise in labourers, their tendency to migrate to cities and consumer’s habit to
buy goods produced by big companies create many problems for new
entrepreneurs.
Lack of market information due to poor communication facility
The absence of effective communication and access to the right information makes
it difficult for rural entrepreneurs to understand market trends and policies followed
by the government on industrialization.
Non availability of skilled labours
In rural areas, skilled labours cannot be found easily by the entrepreneurs. Highly
skilled personnel prefer to work in big cities due to high salary than rural areas.
10. Challenges in Rural Entrepreneurship
Low quality products
Nowadays, the consumers are more sensitive to the quality of the products.
But, rural entrepreneurs cannot produce quality products due to poor
quality of raw materials and lack of standardized tools and equipments.
Fear to invest in the business
Rural entrepreneurs have low risk bearing ability due to lack of financial
resources and external support. So, they restrict to invest in their businesses
in rural areas.
Competition
Rural entrepreneurs are facing tough competition from urban entrepreneurs
and larger scale organizations. They cannot compete with the urban
entrepreneurs due to lack of standardization and branding of the products.
Middleman
Rural entrepreneurs mainly depend on middlemen for marketing their
products. But they betrayed by offering low prices to their goods.
11. Remedial Measures to solve the Challenges
Provision for credit facilities:
As finance is considered as lubricant for setting up and running an industry,
sufficient amount of funds must be available on time at soft terms. Banks
and financial institutions must come forward to provide credit to rural
industries at concessional and subsidize rate on easy terms and conditions.
Creation of strong raw-material base:
Raw materials are must for any industry. However, rural industries face
tough problem in procuring and storing of raw materials. Therefore, an
urgent policy is called for to strengthen the raw material base in the rural
sector on priority basis.
Common Production-cum-Marketing Centre need to be set up:
Marketing is another area where rural industries are weak. In order to solve
the problem of marketing, common production-cum-marketing centers
need to be set up and developed with modern infrastructural facilities. This
will help in promoting export business on one hand and bringing the buyers
and sellers in close interaction avoiding middlemen in between them on the
other.
12. Remedial Measures to solve the Challenges
Offering training facilities: Training is essential for the overall
development of entrepreneurships. It also enables the rural
entrepreneurs to undertake the venture successfully as it
certainly imparts required skills to run the enterprise.
Creation of awareness of various facilities amongst the rural
people:
The rural people are not aware of the facilities available in
setting up rural industries. Therefore, it is the need to
disseminate information about what is available through
vocational training, Entrepreneurs Development Programs,
screening of Audio-visual films on various rural related
enterprises, etc. This will expose them to modern amenities and
facilities available in the rural sector so that they can start their
enterprises.
13. Introduction of Business education
It is the desire of every society to achieve a sustainable level of
economic development. This could be possible through
embarking on entrepreneurial activities by the citizens of the
society. The success of a society in entrepreneurship depends on
education (skills) acquired by the entrepreneurs. Business
education which is described as an education for business and
about business could make a person to perform well as an
entrepreneur. He require skill of Book keeping, Cost Accounting,
Business Management, Marketing, Business Communication,
Business Economics, Banking & Finance etc. which are all
necessary for the promotion and survival of Business
enterprises.
14. Concept of Business Education
According to Abdullahi, Business education is an aspect of total
educational programme which provides the recipient with
knowledge, skills, understanding and attitude needed to
perform well in the business world as a producer or consumer of
goods and services.
According to National open University defines Business education
as an aspect of vocational education that equips people with
necessary skills and theoretical knowledge needed for
performance in business world either for job occupation or self
employment.
Business education is an education for and about business. It
combines both theoretical and practical knowledge.
15. Business Education Promote Entrepreneurship
• Identification of business opportunities- enable them to identify
investment opportunities in their societies, it would also make it
possible for them to use the strengths, weakness, opportunity
and threats analysis to function as well.
• Skills for financial management- the knowledge of Business
education help towards proper keeping of financial records. it
would also guide the entrepreneurs in cost analysis, inventory
control and profit determination.
• Utilization of proper marketing skills- knowledge of marketing
enable them to make use of Product, Price, Place and Promotion
and also other promotional techniques to stimulate customers
to buy the product.
16. Business Education Promote Entrepreneurship
Skills for proper Business Management- Business education help
to entrepreneurs to successfully manage their ventures through
the process of planning, organizing, directing and controlling the
available human and material resources
Avoidance of business failure- every entrepreneur to ensure his
business survives as a going concern, their knowledge of
economics is expected to make them to be rational and ensure
them proper allocation and utilization of the available resources
to avoid business failure.
17. Entrepreneurship Development Institute
Indian Institute of Entrepreneurship Management &
Technology, Mumbai.
The National Institute for Entrepreneurship and small
Business Development, Delhi Ministry of skill development
Entrepreneurship Development Institute of India, Supported
by Gujarat Govt. Diploma in Business entrepreneurship.
Narsee Monjee Institute of Management Studies, Mumbai
Nirma Institute of Management, Ahmedabad
IIM Bangaolre- Management Programme for women
Entrepreneurship, Management Programme for
Entrepreneurs and Family Business.
18. Entrepreneurship Development Institute
S.P.Jain Institute of Management & Research, Mumbai-Grow
Your Business Certification Programme.
Xavier Institute of Management & Entrepreneurship,
Bangalore, Entrepreneurial Development Programme.
Amity Business School, Noida – MBA –Entreprenturship
D.Y.Patil Management Institute, Mumbai, M.B.A. in
Entrepreneurship Management.
Delhi Business School- Specialization in Entrepreneurship
Enterprise Development Institute, Kolkata, diploma in
Entrepreneurship.
European Management Institute, Delhi, M.B.A. in
Entrepreneurship Development.