Skip to main content

Financial Inclusion And Rural Entrepreneurship


Looking at the current economic scenario it is somewhat absurd in context of talking about normal growth. Although getting a satisfactory growth rate in agriculture, manufacturing, transport, communication, real estate, information technology and service sector by inclusion of high tech models and reforms, rural entrepreneurship isn't getting a good ambience to flourish. 




1950-51

2020-21

National Income

269724 Crores

11718380 Crores

Per Capita National Income

7513

86456 (annual growth rate 3.55%)



Economic inequality is a common thing. Almost everyone gets how it brought social change and disparity among people. Reasons could be anything such as lack of clarity in current business models, worst norms or low level of economic idea execution. 


Rural areas have several problems and some remain unsolved from the beginning of democracy. The most common problems that rural areas have are poverty, illiteracy, poor health and unemployment.   


Rural entrepreneurship is just the hope of development as well as financial inclusion of rural people. Most people are busy in traditional livelihood which gives them basic earning of their daily bread butter. Industrialization also brought hope to rural people for the betterment. 



Entrepreneurship is identified as a key instrument in the process of industrialization in particular and economic development in general. Most industries choose rural environments because of low cost investment. Land and labour are easily available at low cost in rural areas only. So the big game is how to procure raw material, how to communicate and how to connect and transport.


Some agri product which attract more for rural entrepreneurship



  • Food processing

  • Dairy farming

  • Sericulture

  • Bee-keeping

  • Mushroom Cultivation

  • Fisheries

  • Other allied activities



Popular posts from this blog

Self reliant economy doomed by imports

  Pandemic outbreaks came for rethinking world's fate for communication, travel and living standard. What's new normal is what will  happen  in a pandemic situation when all people of the world suffer. Consumer need is volatile where the economy is unsustainable. In the past several years this situation was getting handled by world top players.   India imported US$480 billion worth of goods from around the globe in 2019, up by 22.8% since 2015 but down by -5.7% from 2018 to 2019.   India's imports data by World top exports The following product groups represent the highest dollar value in India’s import purchases during 2019. Also shown is the percentage share each product category represents in terms of overall imports into India. Top Imports 1.       Mineral fuels including oil: US$153.5 billion (32% of total imports) 2.       Gems, precious metals: $60 billion (12.5%) 3.       Electrical machinery, equipment: $50.4 billion (10.5%) 4.       Machinery including computers:

Global Impact of Coronavirus

One doomsday scenario in which the coronavirus outbreak could cost the global economy up to $2 trillion this year. After $2 trillion shortfall in global income, COVID-19 affects oil-exporting countries and also other commodity exporters badly. China might recover from COVID-19 impact by lending as China is a crucial source of long term borrowing for developing countries.  COVID-19 has brought global recession by depressing global annual growth this year to below 2.5%, the recessionary threshold for the world economy. Central Banks are not in a position to solve this crisis alone. Their macroeconomics policy will need public investment and targeted welfare support. At present scenario, coronavirus has surpassed 100000 confirmed cases worldwide, it will make the impact more severe to the global economy.

What is BS IV

India has been following the European (Euro) emission norm, through with a lag of 7 years. BS4 norms are applicable in the most of cities in which required grade of fuel is available and rest part of the country still conforms to BS3 standard. On 29 March 2017, the Supreme Court banned the sale and registration of vehicles which were not compliant with BS4 norms. Some facts about BS3 & BS4 Although Indian automobile manufacturer had 8,24,275 BS3 vehicle inventories which market value had Rs.12,000 crore. Out of these 96,724 was a commercial vehicle, 6,71,308 were 2 Wheelers, 40,048 were 3 wheelers and 16,198 were passenger cars.  There was a need to invest Rs. 40,000 crore for upgrading BS3 standard fuel to BS4 standard fuel. Automobile manufacturer invested an additional Rs. 30,000 crore in two-component diesel particulate filter and selective catalytic reduction module. BS4 petrol and diesel have only 50ppm of sulfur as compared to 150ppm for petrol and 350ppm for die