{"id":1012,"date":"2021-07-26T09:32:33","date_gmt":"2021-07-26T03:32:33","guid":{"rendered":"https:\/\/agribusinessedu.com\/?p=1012"},"modified":"2022-02-11T01:50:17","modified_gmt":"2022-02-10T19:50:17","slug":"rural-entrepreneurship-and-agribusiness","status":"publish","type":"post","link":"https:\/\/agribusinessedu.com\/rural-entrepreneurship-and-agribusiness\/","title":{"rendered":"Rural Entrepreneurship and Agribusiness"},"content":{"rendered":"<h4><span style=\"color: #000000;\"><strong>Rural Entrepreneurship and Agribusiness<\/strong><\/span><\/h4>\n<p><span style=\"color: #000000;\">Rural Entrepreneurship and Agribusiness are interrelated with one another. Simply put, rural entrepreneurship is entrepreneurship that emerges in rural areas. In other terms, rural entrepreneurship is the establishment of industrial units in rural areas. Rural entrepreneurship, on the other hand, means rural industrialization. Rural industrialization is the most effective way to address the dual challenges of unemployment and poverty that plague the country&#8217;s rural areas.<\/span><\/p>\n<p><span style=\"color: #000000;\">\u00a0All of the village industries have been divided into seven major categories:<\/span><\/p>\n<p><span style=\"color: #000000;\">Mineral-based industry, forest-based industry, agro-based industry, polymer and chemical industry, engineering and non-conventional industry, <a href=\"https:\/\/textilemerchandising.com\/\">textile industry<\/a>, and service industry are the seven industries.<\/span><\/p>\n<h4><span style=\"color: #000000;\"><strong>Rural Entrepreneurship<\/strong> <strong>Problems<\/strong><\/span><\/h4>\n<p><span style=\"color: #000000;\">Financial constraints, a lack of technical know-how, a lack of training and extension services, management issues, a lack of quality control, a high cost of production due to high input costs, a lack of communication and market information, poor quality raw materials, a lack of storage and warehousing facilities, and obsolete and primitive equipment are all common bottlenecks in the development of village industries.<\/span><\/p>\n<p><span style=\"color: #000000;\">The key challenges in growing entrepreneurship in rural areas, according to the ninth plan, are:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Inadequate credit flow<\/span><\/li>\n<li><span style=\"color: #000000;\">Use of outmoded technologies<\/span><\/li>\n<li><span style=\"color: #000000;\">Poor quality standards and<\/span><\/li>\n<li><span style=\"color: #000000;\">Inadequate infrastructure<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">Lack of awareness and information about the importance of growing rural industries is one of the primary challenges in fostering entrepreneurship in rural areas. Rural entrepreneurship growth has all of the challenges that small-scale industry development experiences.<\/span><\/p>\n<h4><span style=\"color: #000000;\"><strong><u>How Can Rural Entrepreneurship Be Developed?\u00a0<\/u><\/strong><\/span><\/h4>\n<p><span style=\"color: #000000;\">The following methods are recommended for promoting entrepreneurship in the country&#8217;s rural areas:<\/span><\/p>\n<ol>\n<li><span style=\"color: #000000;\">A necessary component of each industry is raw material. The inability to obtain raw materials, combined with their high costs, has harmed these industries&#8217; profitability.<\/span><\/li>\n<li><span style=\"color: #000000;\">Finance is regarded as a lubricant in the establishment and operation of a business.<\/span><\/li>\n<li><span style=\"color: #000000;\">To tackle the problem of rural industry marketing, common production-cum-marketing hubs must be established and expanded with contemporary infrastructure.<\/span><\/li>\n<li><span style=\"color: #000000;\">Training interventions such as Entrepreneurship Development Programs (EDP), Women <a href=\"https:\/\/agribusinessedu.com\/importance-of-family-business-in-agribusiness\/\">Entrepreneurship<\/a> Development Programs, and TRYSEM are needed to foster entrepreneurial attitudes and competencies among prospective entrepreneurs.<\/span><\/li>\n<li><span style=\"color: #000000;\">In other cases, the true issue in establishing enterprises is not a lack of facilities, but rather a lack of awareness of the facilities that are accessible.<\/span><\/li>\n<li><span style=\"color: #000000;\">Appropriate provisions must be created to provide institutional training to entrepreneurs in specialized goods and trades so that local resources can be adequately utilized.<\/span><\/li>\n<li><span style=\"color: #000000;\">Our collective experience demonstrates that non-governmental organizations, or NGOs, can play an important role in the development of rural entrepreneurship in the country.<\/span><\/li>\n<\/ol>\n<h4><span style=\"color: #000000;\">Rural Entrepreneurship and NGOs\u00a0<\/span><\/h4>\n<p><span style=\"color: #000000;\">NGOs have proven to be an important agent in the development of entrepreneurship in the country&#8217;s rural areas. There are three categories of non-governmental organizations (NGOs) engaging in entrepreneurship development:<\/span><\/p>\n<h4><span style=\"color: #000000;\"><strong>Primary Level NGOs<\/strong><\/span><\/h4>\n<p><span style=\"color: #000000;\">This group includes NGOs that mobilize their own resources, operate at an international level, and carry out developmental operations directly or through intermediaries. Examples include ActionAid, <a href=\"https:\/\/www.oxfam.org\/en\">OXFAM<\/a>, Christian Children Fund, and others.<\/span><\/p>\n<h4><span style=\"color: #000000;\"><strong>Intermediate-level non-governmental organizations (NGOs)<\/strong><\/span><\/h4>\n<p><span style=\"color: #000000;\">\u00a0These organizations obtain financing from a variety of sources, import training, and hold workshops for the target workforce. Intermediate NGOs include SEWA and AWAKE, for example.<\/span><\/p>\n<h4><span style=\"color: #000000;\"><strong>NGOs at the grass-roots level<\/strong><\/span><\/h4>\n<p><span style=\"color: #000000;\">these are the NGOs that carry out field activities by establishing direct contact with the people on the ground (needy). RUDSETIs, ANARDE foundation, IIYW, and other NGOs are examples of this type.<\/span><\/p>\n<p><span style=\"color: #000000;\">The training provided by NGOs to the poor can be divided into three categories:<\/span><\/p>\n<ol>\n<li><span style=\"color: #000000;\"><strong>Stimulation:<\/strong> conducting EDPs and other training programs for the target individuals in order to encourage them to be more entrepreneurial.<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Counseling:<\/strong> Providing counseling and consultancy services to those in need once they have learned how to produce a project, feasibility report, procurement of equipment and machinery, and other procedural tasks.<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Assistance:<\/strong> Assisting the target population with product marketing and obtaining financing from financial institutions.<\/span><\/li>\n<\/ol>\n<h4><span style=\"color: #000000;\">The following strengths of NGOs have been identified as a competitive advantage:<\/span><\/h4>\n<ul>\n<li><span style=\"color: #000000;\">Low overhead and operating costs in order to reach out to the poor and needy.<\/span><\/li>\n<li><span style=\"color: #000000;\">Flexibility and responsiveness in operations to invent appropriate solutions<\/span><\/li>\n<li><span style=\"color: #000000;\">Close proximity to client groups made them sensitive to community need<\/span><\/li>\n<li><span style=\"color: #000000;\">Capacity for innovation and experimentation with new groups and untested development approaches<\/span><\/li>\n<li><span style=\"color: #000000;\">Stimulating and mobilizing interest in the community<\/span><\/li>\n<li><span style=\"color: #000000;\">Dependence on customer satisfaction<\/span><\/li>\n<\/ul>\n<h4><span style=\"color: #000000;\">The following are some of the well-known flaws that NGOs have:<\/span><\/h4>\n<ul>\n<li><span style=\"color: #000000;\">Role conflict between traditional areas of operation and micro-entrepreneurship development<\/span><\/li>\n<li><span style=\"color: #000000;\">Uncertain leadership and succession<\/span><\/li>\n<li><span style=\"color: #000000;\">Anti-business philosophy, lack of program integration due to a lack of understanding of the entrepreneurship approach<\/span><\/li>\n<li><span style=\"color: #000000;\">Inadequate opportunities to work as a trainer\/motivator<\/span><\/li>\n<li><span style=\"color: #000000;\">Absence of impact assessment due to NGO leaders&#8217; self-righteousness Not all non-governmental organizations are prepared and equipped to engage in this activity.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h4><span style=\"color: #000000;\"><strong>Contact:\u00a0<\/strong><\/span><\/h4>\n<p><span style=\"color: #000000;\">If you have any questions, thoughts, or suggestions, please contact us or join our social media networks.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>Email us:\u00a0<\/strong> agribusinessedu@gmail.com, 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&#8211; Agribusiness Education and Research International<\/a><\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rural Entrepreneurship and Agribusiness Rural Entrepreneurship and Agribusiness are interrelated with one another. Simply put, rural entrepreneurship is entrepreneurship that emerges in rural areas. In other terms, rural entrepreneurship is the establishment of industrial units in rural areas. Rural entrepreneurship, on the other hand, means rural industrialization. Rural industrialization is the most effective way to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1013,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[190,140,373,372],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rural Entrepreneurship and Agribusiness - Agribusiness Education and Research International<\/title>\n<meta name=\"description\" content=\"Rural Entrepreneurship and Agribusiness Rural Entrepreneurship and Agribusiness are interrelated with one another. 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