Rural entrepreneurship plays a crucial role in the economic development of rural areas by creating employment opportunities, reducing poverty, and promoting sustainable development. The need for rural entrepreneurship arises from the desire to harness local resources, address unemployment, and brid...
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.
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