Summary Need and scope for Rural Enterpreneurship

Need and scope for Rural Enterpreneurship

Need of Rural Entrepreneurship:


There is a need of the rural entrepreneurship to develop the rural economy.
Rural entrepreneurship is needed because of the following reasons:




● Employment Generation: Rural Entrepreneurship is a labour intensive
and requires large number of human resource. Therefore, it has a large
potential of employment generation and can reduce the problem of
unemployment in rural area.
● Income Generation: By providing employment, rural entrepreneurship
has potential for income generation and thus bridging the gap between
the rural and urban disparities.
● Rural development: Rural entrepreneurship helps in setting industries
in rural areas and thus leads to the employment generation and income
generation which directly help in rural development.
● Curbs Rural – Urban migration: Rural development helps in curbing
the rural – urban migration by reducing the unequal growth in cities.
● Environment Friendly: Rural industries are more environment friendly
thus leads to the development without damage.
● Builds up Village republics: Development of the rural industries
serves as an effective means to build village republics and thus make
them more independent.
● Improved standard of living: As rural entrepreneurship helps in
income generation which helps in prospering the community and thus
improving their standard of living
● Balanced regional growth: Rural entrepreneurship will direct the
concentration of industries in rural areas which leads to the balanced
regional growth.