Entrepreneurship development can be an effective solution for economic empowerment of youth. In addition to reduce poverty and promote diversification of livelihood, entrepreneurship can mobilize resources by generating revenue and provide local employment opportunities. Participation of youths in entrepreneurial activities can boost their economic empowerment. Karbi Anglong district of Assam is a region of huge potential resources with unique multi-cultural and multi-ethnic setting. This paper explores the potential of entrepreneurship development, especially micro-entrepreneurship development for economic empowerment of youths of this region. It also examines the problems and challenges in the process of entrepreneurship development in the district. The study finds that there are many prospects to promote entrepreneurship development for economic empowerment of youths in Karbi Anglong district. The problems in the way of entrepreneurship development such as insufficient power supply, lack of potential market, scarcity of funds, inadequate training, low market price etc. should be effectively addressed by all concerned.

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Keywords: Entrepreneurship, Economic Empowerment, Financial Institution, Fund.