The document outlines various challenges faced by entrepreneurs in India, such as financial issues, inadequate infrastructure, bureaucratic hurdles, and cultural limitations. It proposes remedies like revamping the education system, improving infrastructure, providing financial support, and promoting entrepreneurship development programs. The conclusion emphasizes the importance of timely resource allocation and encouraging youth, especially women, in entrepreneurial endeavors.
Discusses the unsatisfactory growth of entrepreneurs in India and the need for a positive environment.
Highlights various challenges including financial issues, inadequate infrastructure, red-tapism, poor institutional setup, cultural barriers, lack of rational thinking, and psychological factors affecting entrepreneurship.
Suggests changes like a revamped education system, improved infrastructure, financial support, recognition for EDPs, and fostering rational thinking to encourage entrepreneurship.Summarizes the ways to overcome challenges faced by budding entrepreneurs, emphasizing timely access to resources and support for women entrepreneurs.
INTRODUCTION
India is adeveloping country.
Mixture of different culture, traditions and practices.
Unsatisfactory growth of entrepreneurs.
Entrepreneurship must for economic progress.
Requires positive conduct and environment.
Insufficient scope- compared to advance economy.
1. Financial Problem
Called“Life blood of Business” . Basic need.
Easy Availability, Right time, low cost and sufficiently.
Poor SOL. Problematic Issue.
Institutions Securities and legal objects.
Hence an obstacle to the Growth or Emergence.
6.
2. Inadequate infrastructure
Basicallyrequired at all levels..
In India Lack of road, water supply, power, warehouse,
communication etc..
High standard, smooth performance.
Govt specified areas suffer poor infrastructure.
No proper infrastructure no entrepreneurs no
organization / startups.
8.
3. Red-Tapism
Govt announcesvarious schemes, policies, reliefs etc…
Does it reach the needy? Due to Red-Tapism.
Officials involved delay or postpone or even cancel in
the end.
Non implementation of economic policies problem.
Policies Entrepreneurs don’t come forward.
10.
4. Poor institutionalset up:
Not a one day programme.
Continuous follow up.
Subject knowledge through colleges not enough.
Practical discussions.
Discourages entrepreneurs to take it as a challenge
and a profession.
11.
5. Family history/ background
Plays a vital role in growth of entrepreneurs.
Few Indian families are known for it.
E.g. Joint Hindu Family
The elders in the family curtail the interests and thinking
of their children.
Such practices, do not encourage entrepreneurship.
13.
6. Culture andvalues
“ Anything more than required is useless” says
Indian ethos and dharma.
More than required = Profit = business
Olden times, businessmen were considered greedy as
they worked for profit..
But now times have changed. Don’t worry..you can start
any business and earn as much as profit now….nobody
will call you greedy.. {Warning: stay in your limits}
14.
7. Lack ofRational Thinking
Education system does not encourage reasoning ability
among students.
Just by-heart answers and write your exams and
pass……”hey!! I Passed my GUG Exam…” what next??
Education is required practically from industries…where
everything is dynamic in nature, and one can gain true
knowledge about the subject there.
15.
8. Psychological factors
Entrepreneurshipis the quality of an entrepreneur.
Individual quality.
Will power x Way of thinking = Entrepreneurship
Risk is always present.
Qualities such as Courage, toughness, motivation,
dynamism, risk bearing etc…to be part of his/her
character.
17.
1. Rapid changein education system
• Change present education system.
• India needs entrepreneurs, but is producing clerks.
Case studies on real business man.
Syllabus as per industries.
Plant visits.
Entrepreneurial qualities in learning.
Research about entrepreneurs.
Entrepreneurs guest lectures.
18.
2. Sound Infrastructure
Infrastructurerequired for the growth of entrepreneurship are
to be developed.
The government has to take necessary steps to create and
provide adequate facilities to entrepreneurs.
The government should prefer industrially backward areas.
This encourages the entrepreneurs.
4. Recognition toEDP’s
Developing economies must popularize entrepreneurship
development programmes.
EDP must be a part of government plan.
Every year some fund must be allocated to make successful
ventures.
Must attract young entrepreneurs by launching Special schemes.
Entrepreneurs must be recognized for their contributions and
awarded, which attracts young entrepreneurs.
23.
5. Rational Thinking
•Right way of thinking must be developed among the
individuals.
• Traditional restrictions, bindings, blind beliefs are to be
removed.
25.
CONCLUSION
These are theways in which the problems can be
overcome to encourage the budding entrepreneurs.
The resources must reach the needy in time.
The young and energetic youth must not be discouraged
at any time.
Special concern for development of Women
entrepreneurs.