Role and importance of rural
entrepreneurs in India
The development of rural entrepreneurs is a complex problem
which can be tackled by the social, political and economic
institutions.
The sooner they are established the better it would be for the
entrepreneurial development in the rural sector and the economic
growth of the country.
1. Provide employment opportunities:
Rural entrepreneurship is labor intensive and provides a clear
solution to the growing problem of unemployment. Development of
industrial units in rural areas through rural entrepreneurship has
high potential for employment generation and income creation.
2. Check on migration of rural population:
Rural entrepreneurship can fill the big gap and disparities in
income rural and urban people. Rural entrepreneurship will bring
in or develop infrastructural facilities like power, roads, bridges etc.
It can help to check the migration of people from rural to urban
areas in search of jobs.
3. Balanced regional growth:
Rural entrepreneurship can dispel the concentration of industrial
units in urban areas and promote regional development in a
balanced way.
4. Promotion of artistic activities:
The age-old rich heritage of rural India is preserved by protecting
and promoting art and handicrafts through rural entrepreneurship.
5. Check on social evils:
The growth of rural entrepreneurship can reduce the social evils like
poverty, growth of slums, pollution in cities etc.
6. Awaken the rural youth:
Rural entrepreneurship can awaken the rural youth and expose
them to various avenues to adopt entrepreneurship and promote it
as a career.
7. Improved standard of living:
Rural entrepreneurship will also increase the literacy rate of rural
population. Their education and self-employment will prosper the
community, thus increasing their standard of living.