Challenges and

opportunities in India
CREATED AND PRESENTED BY :
1. AMRITA MUNDHRA
2. ABINASH MISHRA
3. MAUSAM SURELIA
4. AKASH MEHTA
5. BHAWNA KESHRI
6. ADITI SHARMA
INTRODUCTION

The majority of the population in India lives in villages.The economic development of our country largely
depends on the progress of rural areas and the standard of living of rural masses.Village or rural industries
play an important role in the national economy,particularly in the rural development.Rural entrepreneurship
is based on stimulating local entrepreneurial talent and the subsequent growth of indigenous enterprises.It
recognize sopport unity in the rural areas and accelerates a unique blend of resources either inside or
outside of agriculture. Rural entrepreneurship brings an economic value to the rural sector by creating new
methods of production,new markets,new products and generate employment opportunities there by
ensuring continuous rural development.
OBJECTIVES OF STUDY

1. To analyze the roles of entrepreneurs in economic development.

2. To know the major benefits from entrepreneurship.
3. To study the problems in entrepreneurship.
4. To suggest some remedial measures to solve the problems faced by rural entrepreneurs.
5. To analyze the effect of globalization on entrepreneurship.
6. To study the major challenges faced by entrepreneurship in India.
7. To analyze some of the major management problems for entrepreneurs.
8. To suggest some of the major remedies to solve problems in entrepreneurship.
ROLE OF ENTREPRENEURS IN
ECONOMIC DEVELOPMENT
1. Employment Opportunities.
2. Balanced Regional Development.
3. Mobilization of Local Resources.
4. Optimization of Capital.
5. Promotion of Exports.
6. Consumer Demands.
7. Increase per capita income.
8. Growth of capital market
PROBLEMS IN RURAL
ENTREPRENEURSHIP
1. Lack of finance.
2. Poor infrastructure facilities.
3. Low quality products.
4. Non-availability of skilled labours.
5. Fear to invest in the business.
6. Political and structural problems.
7. Poor knowledge in the technical skills.
8. Poor knowledge in the account maintenance.
PROBLEMS IN URBAN
ENTREPRENEURSHIP
1. Family challenges.
2. Social challenges.
3. Technological challenges.
4. Financial challenges.
5. Political challenges.
RECOMMENDATIONS TO SOLVE THE
PROBLEMS
1. Creation of finance cells.
2. Concessional rates of interest.
3. Offering training facilities.
4. Power supply of raw materials.
5. Setting up marketing co-operatives.
CONCLUSION
Rural entrepreneurs’ role is necessary to eradicate the poverty in the backward rural areas. In rural
areas majority of the people not ready to invest in the business and also not ready to fix that
entrepreneur is also their career. So this condition should be changed by the government and focus
more on rural entrepreneurs for to be a developed nation among the countries. The country’s
economic policy environment must be favourable for organizations to achieve efficiencies in today’s
global market. It should enable the entrepreneurs to provide a magical touch to an organization,
whether in public or private or joint sector, in achieving speed, flexibility, innovativeness and a strong
sense of self determination. They bring a new vision to the forefront of economic growth of a
country. The study of entrepreneurship has relevance today, not only because it helps entrepreneurs
better fulfill their personal needs but because of the economic contribution of the new ventures.
More than increasing national income by creating new jobs, entrepreneurship acts as a positive force
in economic growth by serving as the bridge between innovation and market place.