Agripreneurship for Sustainable Economic Development in India

  • U Arumugam Assistant Professor, Department of Corporate Secretaryship, Alagappa University, Karaikudi, Tamil Nadu, India https://orcid.org/0000-0002-2605-1645
  • M Manida Assistant Professor, Department of Commerce, Manonmaniam Sundaranar University, Tirunelveli, Tamil Nadu, India
Keywords: Environment, Rural Economic Development, Employment, Financial Institutions

Abstract

Agripreneurship, the integration of entrepreneurship principles into the agriculture sector, has emerged as a transformative approach towards achieving sustainable economic development in India. This paper explores the concept of agripreneurship and its potential to address the complex challenges faced by the Indian economy, including rural unemployment, food security, and environmental sustainability. India’s agrarian economy is characterized by a significant rural population engaged in agriculture, yet plagued by low productivity, fragmented land holdings, and lack of access to modern technology. Agripreneurship offers a promising solution by encouraging farmers to adopt innovative practices, value-addition techniques, and market-oriented approaches. By becoming agripreneurs, farmers can not only enhance their income but also contribute to overall economic growth. Sustainable economic development necessitates the integration of social, environmental, and economic dimensions. Agripreneurship aligns with this goal by promoting sustainable agricultural practices that minimize environmental degradation, conserve natural resources, and promote biodiversity. Moreover, it can help bridge the urban-rural divide by generating employment opportunities in rural areas, reducing migration to cities, and revitalizing local economies. This paper reviews successful agripreneurship models and initiatives from across India, highlighting the factors that have contributed to their effectiveness. It also discusses the challenges that aspiring agripreneurs might face, such as limited access to finance, lack of training and technical know-how, and inadequate market linkages. Government policies, non-governmental organizations, and private sector collaborations play a crucial role in creating an enabling environment for agripreneurship to flourish. Furthermore, the paper delves into the role of education and research in promoting agripreneurship. Educational institutions can design specialized curricula that combine agricultural knowledge with business acumen, nurturing a new generation of agripreneurs. Research efforts can focus on developing context-specific innovations, crop diversification, and sustainable land management techniques. In conclusion, agripreneurship has the potential to drive sustainable economic development in India by rejuvenating the agriculture sector. By fostering innovation, enhancing livelihoods, and safeguarding the environment, agripreneurship can pave the way for a more resilient and inclusive economy. However, its successful implementation requires concerted efforts from various stakeholders, including policymakers, financial institutions, academia, and the farming community.

Published
2023-10-01
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