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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



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