success of entrepreneur in rural india
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Success of Entrepreneur in Rural India
PANKAJ KUMARRai Business School
Content Rural Enterprise :- Some Facts Agriculture Entrepreneurial Development Under TRYSEM Risk taking Among Rural Entrepreneur Development Strategy For Small Entrepreneur Entrepreneurial Development In Backward Area
RURAL ENTERPRISES: SOME FACTS
• Fair industrial activity in rural India.– There are 42.12 million enterprises in
the country engaged in different economic activities other than crop production and plantation of which 25.81 million (61.30%) are in the rural areas.
– The annual rate of growth of enterprises and employment in rural areas was 5.53% and 3.33% respectively as compared to 3.71% and 1.68% respectively in urban centers.
– Average annual growth in employment is higher in rural areas (3.33%) than in urban India (1.68%).
Towards enabling Rural Areas….
Agriculture
Risk Coverage
• Crops insurance• KCC• Other Loan
Information Technology Development
• Use of Village Internet kiosk and mobile phones for– Obtaining market-prices in different
Markets – Transaction and deal-closing from villages– Scheduling delivery– Booking of transport– Direct payment through banks and loan
repayment
Training Programmed
• Skill Improvement Trainings
• Entrepreneurial Development Programmers ( EDPs )
• Agriculture and Animal Husbandry
Training on DTP
Fashion Designing
Entrepreneurial Development Under TRYSEM
Component of TRYSEM
• Identification of entrepreneurial Quality.
• Identification of entrepreneurial opportunity.
• Training in motivation and skills.
• Provision of credit facilities.
• Risk sharing by providing investment subsidy.
• Help in developing new materials and Market.
• Constant monitoring and follow-up.
Risk taking Among Rural Entrepreneur
Environmental Risk
Social RiskEconomic Risk
Technical Risk
Types of Risk
Types of Risk
Development Strategy For Small Entrepreneur
Condition Influencing The Entrepreneurial Trends
Economic Conditions(infrastructural & institutional)
Insufficient (-)
Entrepreneurial Trends
Insufficient (-)
Sufficient (+)
Sufficient (+)
Little ( - - )
Low (+ - )
High (+ +)
Low (+ -)
Social Conditions
Favorable(+)
Favorable(+)
Unfavorable(-)
Unfavorable(-)
+ =
Entrepreneurial Development In Backward Area
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