Why is it so very important to unleash rural entrepreneurship? Also briefly discuss what steps should be taken to promote rural entrepreneurship.

While our country is an agricultural country, there are many other industries which can develop with the right support and acknowledgment. Let us move away from the conventional models of “only” farming and related products, and look at how the migrant population in the industrial or commercial centres is driving the entire business ecosystem. Two of the core manufacturing areas (Garment manufacturing and Foundry industry) in which we are presently engaged, have a huge amount of migration, which has multiple levels of impact on balancing the economical distribution of wealth and prosperity, and adds to tremendous pressure on the infrastructure of the city, stress and distress.

Impact of Rural Entrepreneurship

When people migrate from rural areas, it impacts the economy of the place. By acknowledging the plethora of untapped opportunities in rural areas, migration can be minimized. The potential migrants can contribute in the small and medium sized business in their own regions which will benefit both the rural economy as well as the individual.

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