Scope Of Agricultural Entrepreneurship In India

By Author: Jacob
Total Articles: 24
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In India, among every two Indians, one is considered to be dependent on agriculture for their livelihood. Around 52 % of the land area is cultivatable in India compared to 11% in the world. There is a need for new approach and technology for the yet another green revolution considering the drastic change in the agricultural landscape. Though the majority of the population is depended on agriculture still the equivalent number of unemployment exists due to minimum productivity.

The base for India’s growth and development depends on the significant contribution for the economy from rural areas through agriculture which in-turn favors the growth and development of other sectors as well forming a chain which is quoted by other existing research in the literature review.

Entrepreneurship helps in developing a nation’s economy, improves production and labor market, builds job opportunities and finally increases employment rate which influenced most of the developing countries including India to encourage and support entrepreneurship for their economic development and reduced unemployment.

India has concentrated ...
... on entrepreneurial development which is nothing more than an individual's organized and supervised growth into an entrepreneur using expertise, financial support, marketing and other approaches to developing entrepreneurial skills.

Agro entrepreneurship solves the following problems:
•Reduced agriculture-related burdens.
•Assures employment opportunities especially to rural people
•Reduced migration of youths from rural to urban
•Increased economy rate
•Reduced industrial development
•Reduced urban pressure

Agri-business ventures include:
1.Farm-level producers
This type includes every family who is involved in agricultural activities to increase productivity by making use of advanced technology and market demand.

2.Service Providers:
Service requirements are huge as of agriculture is considered at village levels such as borrowing of raw materials for cultivation, equipment requirements (Threshers, sprayers, seed drills, etc.,) and technical services.

3.Input Producers:
The rural population needs input such as pesticides, vermicompost, saplings, agricultural tools, etc., for the timely processing of farming activities.

4.Processing and Marketing of Farm Produce:
Post-production is the crucial stage which requires both knowledge and investment.

Scope for Agribusiness in India
1. Agricultural commodities such as temperature, sub-tropical and tropical are the gifted ago-climate of India.
2. Agricultural inputs like inorganic and organic fertilizers, feed and fodder, etc., will be in demand forever.
3. There is an increasing scope for biotechnology application in the field of agriculture to seed, bio-resist agents, microbes harvesting for bakery items etc.
4.The improved export rate for increasing the economic growth of the country. India has vast export market potential according to World Trade Organization for their agricultural commodities such as oil, fruits, vegetables, spices, cereals, etc., both in raw or processed form.
5. There is a scope for secondary and tertiary processing from the primary level for agricultural commodities during the rise in standards of productions.

Agri-Entrepreneur should be encouraged by both Government as well as the general public to increase the country’s economy. This field has a large scope of research in the Indian perspective since the agricultural sector in India is still considered as a poor sector, rather than an enterprise perspective.

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