Entrepreneurship acts as a catalyst for the economic prosperity of a nation as it leads to generation of employment, contribution in national income, rural development, industrialization, technological development, export promotion etc. In India, various initiatives have been taken by the government from time to time for entrepreneurship development in the country. Entrepreneurs face many challenges in establishing, running and managing their enterprises. In this chapter, a discussion is undertaken on the challenges faced by the entrepreneurs who were studied in the sample of field survey. Besides challenges, there are unlimited opportunities for entrepreneurship development in the state.

KEYWORDS:  Challenges, Opportunities, Entrepreneurship, Economic Development, SETU.