Entrepreneurship has been considered the backbone of socio economic development of Country. It has been well established that the level of economic growth of a region to a large extent, depends on the level of entrepreneurial activity in the region. This paper focuses and provides an insight into the meaning, history, qualities required for an entrepreneur, opportunities and challenges faced by them in the development of rural and at last with a discussion on role and benefits of entrepreneurship in rural development.

KEYWORDS: Entrepreneurship, Rural Development, Challenges, Qualities, Benefits.