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Topic : Startup Guide for Entrepreneurs
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Started by : Veena Gupta, Analyst, Blackstone Group   11 13 2009 10:05:22 +0000
Industry : Asset ManagementFunctional Area : Getting Started(Entrepreneurship)
Activity:  107 views;  last activity : 07 06 2010 20:18:09 +0000

Dear friends, it seems in 2020, entrepreneurs will not only come from metropolitans but India will also see the rise of young entrepreneurs from its villages. Abdul Kalam's dream Vision 2020 will largely depend on the transformation of rural India - comprising more than 900 million people, and it can be achieved only by ensuring physical, electronic and knowledge connectivity. The pursuit of electronic connectivity through means of installation of internet, e-governance and e-commerce would help in putting India on the global map.

So, friends, how do you think new breed of entrepreneurs can be brought from Indian villages?

 
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1 2 3 4
1 Improve the education standards & infrastructure
2 Promotion of Microfinance
3 Free education about technologies
4 Bring in Venture capital, Put in place efficient credit delivery platform, establish efficient SCM & mentoring platform

Improve the education standards & infrastructure

idea posted by Chandramouli Sr. Manager - QS & Contracts

There are lot of things have to discuss on this issue.

1. Education standards & infrastructure to be improved

2. Introduce new technology in schools

3. Maintain the teacher/student ratio (particularly in govt school)

4. All schools should conduct extra cultural activites

5. Teachers should change from point wise teaching to general teaching. Most of the school are using only their study material or workbooks (nothing but guide) which having direct answers to questions. Some teachers even not explaining the lessons also, just giving the question & answers. I feel that, at school level itself the students making themself to get more marks not knowledge.

6. Parents sholud encourage their children in their interested field to develop themselves to do something new.

 

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Promotion of Microfinance

idea posted by Swastik Mishra Production Planner, Flamingo Pharmaceuticals Ltd.

This concept is simple money creates money, through money then most of the problems of villages can be solved.

Government should do its best to promote micro finance and urban entrepreneurs should consider this area seriously. This business not only generates profits but also helps poor, stimulates rural economy and shifts some of the development from urban to rural areas too.

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I completely agree with the fact with what Mr. Swastik had put forth... yes it is the microfinance which can breed new generation of entrepreneurs from the villages coz.. microfinance is jus nt d provision of credit it is the kind of facility which along with the credit helps to break from the vicious cycle of poverty with the help of value added services such as savings, insurance , technical know how and other such facilities...And help 'em in  unleashing innovative approaches in livelihood promotion.

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Free education about technologies

idea posted by Veena Gupta Analyst, Blackstone Group

In my opinion, India's mission 2020 depends on transforming India into a major global power and a developed nation by laying emphasis on education, communication and information technology, infrastructure development and self reliance. For this, by 2020, technology should reach all the colleges and schools located in the villages. This will not only make rural people more informed, but can also access lots of interaction going on virtually and globally and if all these happens, then most probably in 2020 most of the entrepreneurs will come from villages. Events like Bangalore IT.biz should not only be limited to cities, but should also be organized in smaller cities as well and attract people from all parts of the world. But for all these things, Government needs to take initiative and strengthen the technology infrastructure, adopt the technology in better way and work on the technology innovation.

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Bring in Venture capital, Put in place efficient credit delivery platform, establish efficient SCM & mentoring platform

idea posted by RD Gupta Sourcing, Procurement, Vendor Development, Exim, Supply Chain Management

Apart from the increasing the penetration of IT / internet & knowledge sharing mechanism, it is most important to focus on creation of venture capital funds, efficient credit delivery mechanism & robust supply chain management network for timely evacuation of rural produce & commodites.

If you see the prosperous regions of rural india like Gujrat & Punjab & parts of Andhra & Maharastra, then one can easily distinguish the key differentiator. Knowledge sharing & penetration of technology enables you to think differently & channelise your energy into constructive manner but without money & robust SCM network it will not get converted into commercial success & whole idea is likely to get entrapped in the hands of rich & resourcefull.

An average indian having its base in rural india is much more hard working than a urbon folk. he is also rich & resorceful in terms of traditional ideas & natural resources. he is only lacking in  basic knowledge to convert / value engineer that resource in to marketable commodity on a profitable scale & does not have access to monetary resources. 

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