Unlocking the Potential of Rural Entrepreneurship for Economic Growth
Discover the importance of rural entrepreneurship in driving economic development by generating employment opportunities, preserving traditional culture, and utilizing resources efficiently. Explore various types of rural enterprises like farm-based businesses, animal husbandry, and handicrafts that play a vital role in fostering self-employment and sustainable growth in rural areas.
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Presentation Transcript
Introduction and Definition Rural Entrepreneurship defined as the entrepreneurship whose origin lies in the rural areas Has a lot of potentials to undertake various business, industry, agriculture and play a significant role in the economic growth of the nation
Need People are migrating from rural areas to urban areas due to lack of job opportunities 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 So Rural Entrepreneurship is highly required to develop the small villages and their people too
Importance Generation of employment opportunities Plug the gap Enhance traditional culture Foster economic development A significant role has been playing by the rural entrepreneurship in the overall economic development of a nation Facilitates self-employment which may lead to the wider distribution of things in different economic and industrial activities Proper Utilization of resources Getting foreign exchanges Consider the taste of consumers Entrepreneurial development
Types Farm-based enterprise Organic and Floriculture High Tech Agriculture Medicinal plants Aromatic Plants Commercial Forestry Food processing and Agro waste Pesticide products Animal Husbandry based enterprise Sericulture Aquaculture Traditional Handicrafts Handloom
