Rural Entrepreneurship, Science and Technology and Innovations in Farm Based Entrepreneurship Venture. A Case Study of a Farmer Inventing Accustomed Machine for Tillage Farming

Abstract

The rural entrepreneurial ventures play a vital role in providing employment and income for the poor and unemployed in rural areas. As the population pressure grows in the land-scarce and developing countries like India, the growth in the agricultural production cannot absorb the ever increasing rural labour force in agricultural employment. This leaves the rural non-farm sector in the form of rural SMEs (small and medium entrepreneurial ventures) to absorb those released from agriculture but not absorbed in the urban industries. Contributing more than 52% of the GDP and making available more than 75% of all labour force in India the rural sector is best poised for a rapid expansion in the small and medium industry arena. The policy makers and executors have to find scope and space in the farm based entrepreneurial ventures to address to the daunting problem of unemployment in the country. The experiences of the people involved in such ventures needs to be cashed and used to make shift in the policy paradigm in the given context.