Eco-System Is Called For To Promote Rural Entrepreneurship: PHD Chamber

President, PHD Chamber, Mr. Anil Khaitan urged the government to create an eco-system to promote rural entrepreneurship and innovation with sufficient financial and digital literacy for rural populace to arrest and restrict the rural migration into cities and metros.

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, argued Mr. Khaitan.

The rural folks entirely dependent on agriculture is roughly estimated at 60% with its contribution to national GDP weighing at a meagre 14 per cent 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, felt Mr. Khaitan.

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 agri and horti 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 entrepreneurships have hardly served the intended purpose which needs to be revisited with new eco-system.

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