SIGNIFICANT PERSPECTIVES AND CHALLENGES OF RURAL ENTREPRENEURSHIP DEVELOPMENT IN INDIA
Keywords:Entrepreneurship, challenges, opportunities, unemployment, entrepreneurial ventures, rural entrepreneurship development (RED)
Today, India's economy is heavily reliant on agriculture and related activities, with 72.2 percent of the population living in rural areas where agriculture and related activities are the primary sources of revenue.True entrepreneurs are innovative, resourceful, and driven to succeed and improve.They are unquestionably trailblazers who have no trouble fighting on the front lines.Because they can see their course and are still too busy working toward their vision and passion, great entrepreneurs are able to be laughed at and mocked at first.In general, an entrepreneur is someone who not only organises and develops projects, but also takes risks while doing so.Not all entrepreneurs are created equal, and not all people who work for themselves are true entrepreneurs.Rural entrepreneurship is where rural businesses begin.Entrepreneurship is an excellent way to address migration, unemployment, and promote social and economic growth in rural areas.Improving rural villages will boost the rural economy while also encouraging the conservation of natural resources.In terms of services, financial access, and industry, there is a significant gap between rural and urban areas today.In order to reduce disparities, it is critical to revitalize the rural economy, which can be accomplished by establishing entrepreneurial ventures in rural areas.Rural income growth, in particular, would have a multiplier effect by increasing demand for farm and non-farm services and goods, resulting in the creation of new job opportunities.The Indian government has consistently assigned and strived to increase the value and funding for rural entrepreneurship growth and promotion.Risk aversion, a lack of technological know-how, a shortage of skilled labour, a lack of communication infrastructure, and limited access to critical services is just a few of the major barriers to rural entrepreneurship's growth.This paper examines the current state of rural entrepreneurship, including its definition, the characteristics required of entrepreneurs, the challenges and opportunities faced by entrepreneurs, career entrepreneurship, and the role of institutions supporting rural entrepreneurship in fostering and expanding rural businesses.This will enable those involved to gain a holistic understanding of entrepreneurial activities, the state of rural entrepreneurship in India, current initiatives in the form of rural entrepreneurship development schemes and programmes, and the establishment of institutional networks for rural entrepreneurship growth.
Ahirrao Jitendra. (2013), Entrepreneurship and Rural Women in India, New Century, New Delhi
Arenuis, P., & Kwon, S. W. (2010). Nations of entrepreneurs: A social capital perspective. Journal of Business Venturing, 25(3), 315–330.
Audretsch, D. (2002). Entrepreneurship: a survey of the literature. London: Institute for Development Strategies
Brown, D.L &Schafft, K.A (2011). Rural people and communist in the 21st century. Resilience and Transformation. Cambridge, Polity Press. Lopes-i-Gelats.
Baughn, C. C., & Neupert, K. E. (2003). Culture and national conditions facilitating entrepreneurial starts-up. Journal of International Entrepreneurship, 1, 313–330.
Bourdieu, P. (2001). Uniting better to dominate. Items Issues, 2(3–4), 1–6 Social Science Research Council.
Banerjee, G. D (2011). Rural Entrepreneurship Development Programme in India – An Impact Assessment. National Bank for Agriculture and Rural Development (Occasional Paper57).Retrievedhttps://www.nabard.org/.../Rural%20Entrepreneurship%20Develop.pdf
Chakraborty, D& Barman. (2014). A Study on Impact of Motivational Factors on the Growth of Rural Entrepreneurs of Assam. IOSR Journal of Business and Management
(IOSR-JBM) Volume 16(3), 71-80
Cope, J. (2003). Researching entrepreneurship through phenomenological inquiry: Philosophical and methodological issues. Lancaster: Institute for Entrepreneurship and Enterprise Development.
Creswell, J. W. (2014). Research design: Quantitative, qualitative, and mixed methods approach. US: Sage.
Dutta, S. (2004). Rural industrial entrepreneurship: The case of Bardhaman District in West Bengal. Ph. D. Thesis. Netherland: Wageningen University.
Desai, V (2007). Small Scale Industries and Entrepreneurship. Mumbai: Himalaya Publishing House.
Duarte, N &Diniz, F (2011). The role of firms and entrepreneurship in local development. Romanian journal of regional science.5 (1), 54-69.
Dufour, A., Mauz, I., Remy, J., Bernard, C., Dobremez, L., Pluvinage, J., & Tchakerian, E. (2007). Multifunctionality in agriculture and its agents: Regional comparisons. Sociologia Ruralis, 47(4), 316–342.
Edelman, M. (2005). Introduction: the anthropology of development and globalization. In M. Edelman & A. Haugerud (Eds.), the anthropology of development and globalization: from classical political economy to contemporary neoliberalism. US.
Fleskens, L., Duarte, F., & Eicher, I. (2009). A conceptual framework for the assessment of multiple functions of agro-ecosystems: A case study of Tra’s-os-Montes olive groves. Journal of Rural Studies, 25, 141–155.
Garzon, I. (2005). Multifunctionality of agriculture in the European Union: Is there substance behind the Discourse’s smoke? Berkeley: Institute of Governmental Studies. Agriculture and Resource Economics.
Geaeber, D. (2005). Globalization movements: Some points of clarification. In M. Edelman & A. Haugerud (Eds.), the anthropology of development and globalization. US: Blackwell Publishing.
Harish N, (2016), Performance Appraisal of Rural Entrepreneurship Development Programs in Karnataka India, Socio Economic Problems in India, ISBN: 978-81-932734-1-8, Page No-85-102.
Huttunen, S. (2012). Wood energy production, sustainable farming livelihood and multifunctionality in Finland. Journal of Rural Studies, 28, 549–558.
Mukherjee, S. (2018). Challenges to Indian micro small scale and medium enterprises in the era of globalization. Journal of Global Entrepreneurship Research, 8, 28. https://doi.org/10.1186/s40497-018-0115-5.
Nicholson, L., & Anderson, A. R. (2005). News and nuances of the entrepreneurial myth and metaphor: Linguistic games in entrepreneurial sense-making and sense giving. Entrepreneurship Theory and Practice, 29(2), 153–172.
Pertin, T and Gannon, A (1997), "Rural Development through Entrepreneurship", compiled and edited by Tea, REU Technical Series 41, FAO Regional Office for Europe, FAO of the United Nations, Rome.
Bonfring International Journal of Industrial Engineering and Management Science, Vol. 1, Special Issue, December 2011
Jayadatta S (2017) Major challenges and Problems of Rural entrepreneurship in India, IOSR Journal of Business and Management (IOSR-JBM), Volume-19, Issue-09, September 2017, e-ISSN: 2278-487X, pp: 35-44
Pertin, T (1997), "Entrepreneurship as an economic force in rural development", in “Rural Development through Entrepreneurship”, Compiled and edited by Tea, REU Technical Series 41, FAO Regional Office for Europe, FAO of the United Nations, Rome.
Pavan Benakatti, Dr. N. Ramanjaneyalu (2018) Role of rural entrepreneurship in eradication of unemployment in India, International Journal of current engineering and Scientific research (IJCESR), Volume-05, Issue-04, ISSN: 2394-0697, pp: 77-82
Santhi N. and Rajesh Kumar S. (2011), Entrepreneurship Challenges and Opportunities in India, Bonfring International Journal of Industrial Engineering and Management Science, Vol. 1, Special Issue, December.
Saxena. (2012). Problems Faced By Rural Entrepreneurs and Remedies to Solve It. IOSR Journal of Business and Management (IOSRJBM) ISSN: 2278-487X. Volume (1). 23-29
Sundar &Srinivasan, T (2009). Rural Industrialization: Challenges and Proposition. Journal of Social Science 20(1): 23-29
Tabera, J.D & Bartolomme, J (2009). The rural in dispute: discourses of Rurality in the Pyrenes Geoforum.40 (4), 602-612.
Anu Singh Lather, Shalini Garg, and Sona Vikas (2009) Entrepreneurship as a strategic development intervention to accelerate rural development: the case of Drishtee, Asia-Pacific Business Review
Dr. Ravinder Rena (2007) Eritrea: Rural enterprises to catalyze economy (opinion), World Press.
P. CHANDRAMOULI, S. K. METI, L. V. HIREVENKANGOUDAR AND S. N. HANCHINAL (2005) Comparative Analysis of Entrepreneurial Behavior of Farmers in Irrigated and Dry Land Areas of Raichur District of Karnataka* Department of Agricultural Extension Education, University of Agriculture Sciences, Dharwad - 580 005, Karnataka, India.
Susan Bullock (1994) Women and work, Zed Books, Business & Economics Michael A. Hitt, R. Duane Ireland, and Robert E. Hoskisson (2009) Strategic management: competitiveness and globalization: concepts & cases, Cengage Learning
Statistical Centre of Iran, (2016) annually census results, Accessible in: https://www.amar.org.ir/english.
Stefanović, Z. (2008). Globalization: Theoretical perspectives, impacts and institutional response of the economy. Economics and Organization, 5(3), 263–272.
Thornton, P. (1999). The sociology of entrepreneurship. Annual Review of the Social Sciences of Religion, 25, 19–46.
Thornton, P. H., Ribeiro-Soriano, D., & Urbano, D. (2011). Socio-cultural factors and entrepreneurial activity: An overview. International Small Business Journal, 29(2), 105–118.
Thurow, L., 2010. Why Are the Fears of Globalization So High? Retrieved from: https://net.educause.edu/ir/library/pdf/FFP0501S.pdf.
Ulijn, J., & Menzel, H. (2004). Conceptualizing and measuring entrepreneurship: A French vs. an Anglo-Germanic way of paradigming? In Paper presented to the second Summer University of European entrepreneurship research, Twente University, NL.
Vakili, Y., & Ansari, M. (2011). Evaluating the prevailing research methods in entrepreneurship across the country and suggestions for future research. 4(3), 185–204.
Vesala, H. T., & Vesala, K. M. (2010). Entrepreneurs and producers: Identities of Finnish farmers in 2001 and 2006. Journal of Rural Studies, 26, 21–30.
Vosooghi, M., & Eemani, A. (2010). Ayande-ye Tose-ye Roosta’i va Chalesh-ha-ye Paydari future of rural development and sustainability challenges. Rural Development Journal, 1(2), 23–45.
Westlund, H. (2011). Multidimensional entrepreneurship: Theoretical considerations and Swedish empirics. Regional Science Policy & Practice, 3(3), 199–218.
Wilson, G.A., 2007. Multifunctional agriculture: A transition theory perspective. Available at: http://agrifs.ir/sites/default/files/Multifunctional_Agriculture.pdf, Accessed Oct 2014.
Wright, R. W., & Dana, L. P. (2003). Changing paradigms of international entrepreneurship strategy. Journal of International Entrepreneurship, 1, 135–152.
Ziai, A. (2013). The discourse of ‘development’ and why the concept should be abandoned. Development in Practice, 23(1), 123–136.
Ziai, A. (2015). Post-development: Premature burials and haunting ghosts. Development and Change, 46(4), 833–854.
How to Cite
Copyright (c) 2021 Jayadatta S Jayadatta, Dr. Pavan Benakatti Pavan , Dr. Rajendraprasad H Rajendra
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.