SCOPE AND CHALLENGES OF ENTREPRENEURSHIP IN AGRICULTURE IN INDIA

Entrepreneurship and agriculture are closely related. Agriculture is an industry that affects the entire population of the earth. And, indeed, agricultural entrepreneurs will always be in demand. The youngest country in the world, India, where more than 65 percent of the population is under 35 years of age, while more than 50 percent of the population is under 25 years of age, agricultural education, research, and dissemination should be based on the principle of innovation, inspiration, and illumination so that we can guide the whole society. The growing trend towards locally developed foods provides attractive start-up opportunities for those wishing to make their living through agriculture, even if they have the capital needed to break into the commoditised part of the industry. Even though land prices can be challenging, the low need for high technology equipment in this type of operation often makes it possible for properly prepared and experienced individuals to break into this business, run their own operations, and develop their marketing plans. It is also a big challenge for our country with great potential that the youth should be trained with modern skills so that the youth are not able to run after the job and make others fit for the job. This paper focuses on agricultural development strategies and constraints that must be overcome in order to provide solutions. The 21st century is constantly changing the market scenario. With the development of high-tech business models and the introduction of new technologies, many talented youngsters with creative ideas and willingness to work have been attracted to agricultural entrepreneurship. These entrepreneurs and start-ups can generate a fair and valuable contacts in the agricultural value chain and accelerate and efficient delivery of products, technologies, and services to both farmers and customers. To encourage this new venture, schemes like Skill Development, Start-up India, Mudra Yojana, Raftaar are at uppermost.

 

Keywords: Entrepreneurship, Innovation, Strategies, Agri-preneurship.


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