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Chapter 6 Rural Entrepreneurs
Chapter 6 Rural Entrepreneurs
ENTREPRENEURSHIP
Poor of the world cant be helped
by mass production but only
through production by masses. -
Mahatma Gandhi
https://youtu.be/-QwXaCI4898
Heart of India
• Mahatma Gandhi once said, heart of India lies in
villages, if heart will be strong and healthy naturally
whole body will be strong.
Introduction
Case
Opportunities and challenges in theIndian
Rural Market
Challenges in Indian Rural Market
Lack of Infrastructural Facilities
Risk Element
▪ Rural entrepreneurs have less risk bearing capacity due
to lack of financial resources and external support.
Marketing Problems
▪ Rural entrepreneurs face severe competition of
large sized organizations and urban entrepreneurs.
▪ They incur the high cost of production due to high input cost.
▪ New ventures have limited financial resources and hence
cannot afford to spend more on sales promotion.
Cont..
• These units are not having any standard brand name under
which they can sell their products.
• Mansukhbhai Patel- A farmer, invented a cotton stripping machine that has significantly cut
the cost of cotton farming and revolutionized India’s cotton industry. Patel who studied up to
Class X, invented a cotton-stripping machine in 1991. His machine helps in removing cotton
from semi opened and unopened shells of various cotton varieties. The machine has won a U.S.
patent.
• Mansukhbhai Prajapati, a potter, invented a clay non-stick pan that costs 100 and a clay
refrigerator that runs without electricity for those who cannot afford a fridge or their electricity
and maintenance costs.
• Dadaji Ramaji Khobragade, who invented the HMT rice, a highly successful rice variety which
yielded 80 percent more rice than the conventional variety.
• AIC – Headed by the Atal Innovation Mission, the Atal Incubation Centers
provide grant-in-aid of Rs.10 Cr to every AIC. The duration of the grant is a
maximum of 5 years. Set up under the NITI Aayog, the purpose of AICs will
be to provide financial aid and infrastructure assistance to different startups
in sectors like chemicals, technology hardware, healthcare & life sciences,
aeronautics/aerospace & defense, agriculture
Cont.….
• MUDRA – The Micro Units Development and Refinance Agency or
MUDRA, is a flagship program by the government of India to provide funds
to micro and small enterprises.
• Credit Guarantee Scheme – The CGTMSE (Credit Guarantee Fund Trust for
Micro and Small Enterprises) was set up by the Government of India to
provide business loans to micro and small industries, with zero collateral.