Rural Entrepreneurship

Entrepreneurship which ensures value addition to rural resources in rural areas engaging largely rural human resources.

 "Poor of the world can’t be helped by mass production but only by production by masses”- Mahatma Gandhi

THE 6M METHOD: 6M's of Six Sigma

1. Material
2. Method
3. Mother Nature
4. Machines
5. Measurement
6. Man 

TYPES OF RURAL ENTREPRENEURSHIP

• Individual Entrepreneurship
• Group Entrepreneurship
• Co-operative
• Cluster Formation

NEED FOR RURAL ENTREPRENEURSHIP

• Reduce unemployment. 
• Reduce income disparities.
• Increase the literacy rate.
• Reduce poverty. 
• Awaken the rural youth.

CHALLENGES FOR RURAL ENTREPRENEURS

• Lack of technical Knowledge
• Lack of Education Qualification
• High Cost of Production
• Fear to Invest In Business
• Storage and Warehouse Issues
• Lack of training modules and support services

OPPORTUNITIES FOR RURAL ENTREPRENEURSHIP

• Rural Entrepreneurship Development Program 
• Regional Rural Development Centers 
• Social rural entrepreneurship 
• Bank of technology 
• Rural innovation funding

GLOBALIZATION EFFECT ON RURAL ENTREPRENEURSHIP

• Global production and efficiency can serve to be the benchmarks for the local entrepreneurs.
• Access to foreign trade and technology. 
• Opportunities towards exchange of business.
• Various policy benefits at national and global level.
• Improve risk taking ability

 Reach out Author @ Er Abdul Basit