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Eco-system is called to promote rural entrepreneurship: PHD Chamber

Around 60% of India’s population is entirely dependent on agriculture, contribute only 14% to national GDP suggests huge productivity loss in the absence of eco-system that needs to be placed urgently so that benefits are drawn out of it

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In order to promote rural entrepreneurship and innovation with sufficient financial and digital literacy for rural youth to arrest and restrict the rural migration into cities and metros, Anil Khaitan, President, PHD Chamber of Commerce and Industry, today urged the government to create an eco-system for them. “If that eco-system is not developed in the villages, the 300 or 400 million rural youth will migrate to the urban areas. As a result, the cities will collapse,” he added.

“Instead of recklessly articulating and asserting for working capital as well as term loan for perspective rural entrepreneurs, the focus should be on financial and digital literacy as gullible rural entrepreneur cannot manage his term loan on his own to start of his or her ventures”, added Khaitan while addressing at a Convention & Exhibition on Rural Entrepreneurship & Innovation, organised by PHD Chamber.
 
“The rural folks entirely dependent on agriculture is roughly estimated at 60% with its contribution to national GDP weighing at a meagre 14 percent amply suggests huge productivity loss in the absence of eco-system that needs to be placed urgently in the statutes so that benefits are drawn out of it to promote and seed in the spirit of rural entrepreneurship, Khaitan further said.
 
According to him, “political and economic will” needs to be re-generated within the system that is primarily responsible for promoting and intensifying rural entrepreneurship in the proposed eco-system so that economic and social transformation is attained through agriculture and horticulture products that are available and grown in plenty in diverse landscapes of this country as the systems that are already in place to promote rural entrepreneurship have hardly served the intended purpose which needs to be revisited with new eco-system.

“The kiwi you get in Delhi at Rs 400 per kg is available in Arunachal Pradesh at Rs 25 per kg. No one is interested to take those kiwis there. Why can’t something is done for kiwi processing there so that farmers get right prices of their produce,” Khaitan said.

“Warehousing, transportation and right time delivery are areas where the government needs to give special focus. Rather than talking-talking-talking, the government needs to do something for farmers otherwise the ideas of doubling farmers income will just remain on the papers,” he added.   

Around 15 rural entrepreneurs and start-ups took part in the exhibition showing and displaying the skills of the rural spirits during the occasion from diverse parts of the country.

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