How to Develop Rural Entrepreneurship?

Establishing an industry and, thereby developing entrepreneurship is not one-man activity. Infect, it involves multi-pronged activities. Though the answer to the question how to develop entrepreneurship lies in the solutions of the problems faced in this regard, yet the following measures are suggested for developing entrepreneurship in the rural areas in the country.

  1. Raw material is a must for any industry: However, the non-availability of raw materials accompanied by their prohibitive cost has weakened the viability of these industries. Past experience bears evidence that rural industries with employment potential cannot be sustained for long unless a strong raw material-base is created in rural areas itself. Therefore, an urgent policy is called for to strengthen the raw material base in rural areas.
  2. Finance is considered as lubricant for setting up and running an industry: Funds, therefore, need to be made available on time at soft terms and conditions to those who really need it.
  3. In order to solve the problem of marketing for rural industries, common productions cum-marketing centers need to be set up and developed with modern infrastructural facilities,. Particularly, in the areas having good production and growth potential. This would help in promoting expert business. On the one hand, and bringing the buyers and sellers is close interaction avoiding middleman in between them, on the other, Legislative measures have to be taken to make the government purchases compulsory from rural industries.
  4. One peculiarity of rural entrepreneurs so that most of them join their entrepreneurial career not by choice but by chance. Lace of aptitude and competency on the part of such venations like entrepreneurship development programs, Women Entrepreneurship Development programmers and TRYSEM.
  5. One effective way to inculcate the entrepreneurial acumen and attitude\de may be imparting entrepreneurial education in the schools, colleges and universities. That younger minds are more susceptive to be molded is well evidenced by the proper known ‘Kakinada Experiment’ in Andhra Pradesh.
  6. Sometimes the real problem in setting up industries is not the non-availability of facilities, but non-awareness of facilities whatever is available. The need is, therefore, to disseminate information about all what is available to provide to the entrepreneurs to facilitate them in setting up industries.
  7. Proper provisions need to be made to impart the institutional training to orient the entrepreneurs in specific products and trades so that the local resources can be harnessed properly.
  8. Out accumulated experience bars ample evidences to the fact that the non-governmental organizations, popularly known as NGOs, can prove instrumental in entrepreneurship.

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