By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Social BuzznessSocial Buzzness
  • News
    News
    Stay informed with the latest news on politics, business, sports, and entertainment by visiting our website. Our platform offers comprehensive coverage of current events, featuring…
    Show More
    Top News
    Tutoring app Byju's uses a freemium business model, with free access to information only available for 15 days after enrollment.
    Byju’s losses widen to ₹4,588 crores in FY21
    September 26, 2022
    Among the goods & services offered by Meta are Facebook, Messenger, Facebook Watch, & Meta Portal. It has acquired Customer, and Oculus, etc.
    Why was Hiring paused at Meta?
    October 25, 2022
    Social media is playing a role in disseminating information. Let us explore how the media played crucial role in Ukraine's current scenario.
    How Social Media Platforms are Responding to the Crisis in Ukraine
    January 27, 2023
    Latest News
    EV Startup Zypp Electric raised $25M to hit 30 Indian cities by 2025
    February 11, 2023
    Zoho To Hire 1,000 More Employees In Fy24, Committed To No Layoffs
    February 3, 2023
    Cars24 Plans To Hire Over 500 Employees Across Verticals In The Next Quarter
    February 3, 2023
    Physics Wallah to hire 2500 employees across verticals by March
    February 3, 2023
  • Business
    Business
    Looking for small business ideas or the latest business trends? Look no further than SocialBuzzness. Our platform provides valuable insights and resources for entrepreneurs and…
    Show More
    Top News
    Initiatives for insourcing & reskilling can be crucial components of a retention strategy method to set your business apart from rivals.
    8 benefits of insourcing: Filling tech roles from within
    October 14, 2022
    Intellectual property (IP) is the legal safeguarding of imaginative works that have value both morally and economically.
    What is the importance of Intellectual property rights?
    September 12, 2022
    Big boost to the gig economy is that even businesses have preferred to work with freelancers rather than hiring full-time workers.
    A Complete Guide For HRs To Manage Freelancers Efficiently
    February 4, 2023
    Latest News
    Why Talent Management Is an Important Business Strategy to Develop?
    September 12, 2024
    What are Legal and Regulatory Consideration in Export Finance
    August 24, 2024
    Tactics to Create a Sustainable Restaurant Business
    March 1, 2024
    How Home Decor Businesses Can Stay Ahead in the Industry?
    February 26, 2024
  • Technology
    Technology
    Whether you’re a tech enthusiast or simply interested in staying informed, our platform provides valuable information on the latest technology news and trends. Visit Social…
    Show More
    Top News
    Cyberbullying can be very dangerous as it is related to online platforms which are sometimes fails to detect criminals.
    What is cyberbullying? State some laws against it
    October 25, 2022
    Many businesses undertake their marketing campaigns with the use of multiple methods, one of the most common being social media.
    Why is Social Media Engagement Important for Online Businesses?
    April 3, 2023
    The 5G network is the next generation of global mobile network technology after the 1G, 2G, 3G, and 4G technologies.
    Advent of 5G Technology in India
    January 27, 2023
    Latest News
    How Can Applicant Management Systems Help Recruiters?
    March 21, 2024
    Challenges Facing Cloud Computing And Virtualization
    May 1, 2023
    Top Website Ideas For Newcomers
    April 16, 2023
    How to Start a Social Media Campaign from Scratch
    April 3, 2023
  • Finance
    Finance
    Social Buzzness offers the latest financial blogs on trending topics, providing insightful articles on finance, investing, and the economy. Stay informed on the latest news…
    Show More
    Top News
    Monetary Incentives play an essential role in employee performance. Let us read about the impact of it through this article.
    Enhancing Employee Performance Through Monetary Incentives
    March 10, 2023
    The development of the local economy is essential for improving local economic prospects. It builds the local area and gives new structure.
    Role of corporate investments in local economic development
    September 21, 2022
    Income is a sort of thing that comes every month or every week but never stays with anyone, so do the necessary work at first.
    I Just Got a Job. What should I do with my Income?
    October 26, 2022
    Latest News
    How to Invest During a Recession?
    May 1, 2023
    How to Obtain SR 22 Insurance
    April 4, 2023
    Enhancing Employee Performance Through Monetary Incentives
    March 10, 2023
    The Reverse Mortgage System in India
    March 9, 2023
  • Success Stories
    Success Stories
    Discover inspiring success stories of entrepreneurs by reading our real-life articles at Social Buzzness.
    Show More
    Top News
    Many budding entrepreneurs are inspired by the success tales of these innovative entrepreneurs. Let us have a look at it.
    Top Indian Entrepreneurs Success Stories that will inspire you
    October 15, 2022
    Unacademy is the first app that is a full-package solution for learning from the convenience of your phone. It is not a collection of videos.
    An Online Learning Platform Became India’s #1 Education Portal: Unacademy Success Story
    January 28, 2023
    Let's know about the judges of Shark Tank India who are highly skilled & diverse with extensive knowledge about Indian startups.
    Shark Tank Judges of India and Their Inspiring Story
    April 16, 2023
    Latest News
    Shark Tank Judges of India and Their Inspiring Story
    April 16, 2023
    Success Story of Bill Gates, Microsoft co-founder
    October 13, 2022
    Top Indian Entrepreneurs Success Stories that will inspire you
    October 15, 2022
    Apollo Tyres unveils tyres for premium bikes
    October 10, 2022
  • Explore By
    • Knowledge Corner
    • Education
    • Lifestyle
    • Travel
    • Entertainment
    • Health
Reading: Entrepreneurship in Rural India Needs Empowerment
Share
Notification
Latest News
Hire For Online Exams
Can You Legally Hire Someone for Online Exams?
Education
Discover the importance of a Chartered Engineer Certificate for seamless customs clearance. Ensure compliance, accurate valuation, and hassle-free international trade.
Why a Chartered Engineer Certificate is Essential for Customs Clearance
Business
Why Talent Management Is A Key Strategy to Business Growth?
Why Talent Management Is an Important Business Strategy to Develop?
Business
What are Legal and Regulatory Considerations in Export Finance
What are Legal and Regulatory Consideration in Export Finance
Business
What to Expect After Hip or Knee Replacement Surgery
What to Expect After Hip or Knee Replacement Surgery
Health
Aa
Social BuzznessSocial Buzzness
Aa
  • Business
  • Entertainment
  • Technology
Search
  • Home
  • News
  • Business
  • Finance
  • Technology
  • Explore By
    • Education
    • Success Stories
    • Entertainment
    • Health
    • Lifestyle
    • Travel
  • Quick Links
    • Bookmarks
    • Write for us
Follow US
  • Advertise
Copyright © 2022 Socialbuzzness. All Rights Reserved - HRI Consultants.
Social Buzzness > Business > Entrepreneurship in Rural India Needs Empowerment
Business

Entrepreneurship in Rural India Needs Empowerment

Social Buzzness
Last updated: 2023/01/27 at 11:17 PM
Social Buzzness
Share
7 Min Read
Entrepreneurship needs empowerment to transform lives and communities. It needs champions, not critics. It needs support, not scorn.
SHARE

Village industries and small businesses are the backbones of the rural economy in India. They use millions of workers and contribute to the country’s economy. But these enterprises need empowerment to contribute more to the national economy. Need to nurture and support them, but it is essential to force them to modernize and compete.

Contents
How can the government empower rural entrepreneurs?Conclusion

Over the last decade, the rural economy in India has seen an unprecedented boom. The share of the population that lives in rural areas has increased to 85% from 72% over the same time. Today, over half of India’s 1.3 billion people – more than China’s population – live in villages and small towns. At the same time, the share of the country’s GDP that comes from the rural economy has been increasing.

  • India’s rural population is one of the largest globally, yet there is a limitation to their economic opportunities and power. The government has set a goal of increasing the incomes of the rural population by 2022, but how it will achieve this goal is up for debate. One approach is to empower rural entrepreneurs, but this approach is not without its challenges. Over the past few decades, India’s economy has shifted from an agrarian to an urban one, and in doing so, the country’s economy has become centralized.
  • The “Make in India” initiative, launched in September 2015, is meant to put India on the global stage as an industrial powerhouse. The initiative seeks to “make” India into a manufacturing hub in its current form. Still, people need to realize that the goal is to build a knowledge economy, not manufacturing. The commitment of the Indian government to improving the quality of life for the rural poor. One of the many ways it plans to achieve this goal is through the development and empowerment of rural entrepreneurs.
  • In the 1980s, the government began to encourage entrepreneurship in rural areas to provide a livelihood to all citizens. Yet, until 2011, the Indian government created the National Rural Entrepreneur Programme (NREP), a specific policy for rural entrepreneurship.

Rural economies are the primary source of employment in India. It includes the manufacturing sector, which employs over 25 million people in India. Other sectors, such as agriculture, account for 60 per cent of the country’s total employment. Despite this, the average salary of a rural worker in India is only $0.77 per hour, less than one-third of the national average.

How can the government empower rural entrepreneurs?

One approach is to create jobs and provide opportunities for the millions of young people left behind who don’t have access to employment and live in rural areas. We can achieve the goal by allowing the private sector to invest in rural areas, supporting the development of small and medium enterprises, and creating rural entrepreneurial zones. Another approach is to empower existing rural entrepreneurs, providing them with the necessary tools and resources to help them grow their businesses.

  • One of the most effective ways to empower rural entrepreneurs is to provide them with the capital they need to start and grow their businesses. For over a decade, the Indian government has provided concessional loans to aspiring rural entrepreneurs. Under the NREP, aspiring entrepreneurs can apply for grants, loans, and other forms of financial help to help them develop their businesses. The government also provides technical support and training to rural entrepreneurs, which can help them expand their businesses.
  • One of the goals of the National Democratic Alliance (NDA) government is to empower rural entrepreneurs. The government has committed itself to “accelerating the pace of economic development in the country and enabling all Indians to have a fair share in the economic growth and prosperity.” It has also promised to “ensure that all citizens, particularly the poor, the youth, women, and the Scheduled Castes and Tribes (SC/ST), have access to opportunities, including employment, education, healthcare, and financial services.” By empowering rural entrepreneurs, we can achieve these goals.
  • The Indian government plans to empower rural entrepreneurs by providing them with funding. The NREP offers grants and loans to rural entrepreneurs to expand their businesses and create jobs. The government also provides funding for other programmes that support the development and empowerment of rural entrepreneurs, such as Skill India and Make in India. The government has set a goal of creating 10 million jobs by 2022, and it hopes that rural entrepreneurs will play a significant role in achieving this goal.

Conclusion

The government’s goal of empowering rural entrepreneurs is a laudable one. The problem is that the government has not defined what it means by “empowering them” or “entrepreneurship”. Instead, the government has focused on creating new jobs and providing basic infrastructure in rural areas. It has given the government a great deal of flexibility in approaching rural empowerment.

Entrepreneurship needs empowerment to transform lives and communities. It needs champions, not critics. It needs support, not scorn. It requires a safe space to grow and flourish, not one under constant attack. It’s finally time to create jobs and opportunities for the millions of young people left behind who don’t have access to employment and live in rural areas.

You Might Also Like

Why Talent Management Is an Important Business Strategy to Develop?

What are Legal and Regulatory Consideration in Export Finance

Tactics to Create a Sustainable Restaurant Business

How Home Decor Businesses Can Stay Ahead in the Industry?

7 Creative Strategies for Custom Apparel to Skyrocket Your Business

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Social Buzzness March 3, 2022
Share this Article
Facebook Whatsapp Whatsapp Telegram Copy Link Print
By Social Buzzness
Follow:
Socialbuzzness is a website which covers all kinds of news like entertainment, technology, business, finance and many more. We give you the latest news with understandable language. Having a good lifestyle is necessary to be successful after reading our lifestyle articles you surely will be motivated.
Previous Article Social media is playing a role in disseminating information. Let us explore how the media played crucial role in Ukraine's current scenario. How Social Media Platforms are Responding to the Crisis in Ukraine
Next Article The best entrepreneur think outside the box and are constantly aware of the changing environment and how it affects their business. What Makes a Successful Entrepreneur? A List of 10 Attributes
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
11.6k Followers Pin
56.4k Followers Follow
- Advertisement -
Ad imageAd image

Latest News

Hire For Online Exams
Can You Legally Hire Someone for Online Exams?
Education May 31, 2025
Discover the importance of a Chartered Engineer Certificate for seamless customs clearance. Ensure compliance, accurate valuation, and hassle-free international trade.
Why a Chartered Engineer Certificate is Essential for Customs Clearance
Business February 1, 2025
Why Talent Management Is A Key Strategy to Business Growth?
Why Talent Management Is an Important Business Strategy to Develop?
Business August 26, 2024
What are Legal and Regulatory Considerations in Export Finance
What are Legal and Regulatory Consideration in Export Finance
Business August 24, 2024

Welcome to the Social Buzzness. This is a website where you will find blogs related to technology, business, news, lifestyle, health and many more. It is obsessed with providing fresh content to all the readers with realism and multiple fact-checking.

Quick Link

  • Home
  • About us
  • My Bookmarks
  • Write for us

Top Picks

  • News
  • Business
  • Finance
  • Technology
  • Success Stories

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Follow US

Copyright © 2022 Socialbuzzness. All Rights Reserved - HRI Consultants.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?