Volume : 3, Issue : 3, JUN 2019
A Study on Various Aspects of Community Entrepreneurship and Its impact on Rural India: Theoretical Approach
Entrepreneurship activities are now – a – day’s well known and booming in India and we can see different substantial entrepreneurial activities but it depends on the types and scale of the organizations and the kinds of creativity involved in their activities. In current scenario, lots of organizations exists and they are supporting would – be or upcoming entrepreneurs and their startups. These organizations include specialized Govt. agencies, incubators meant for business establishment and some NGOs which actively encourage and motivate different kinds of initiatives taken by newcomers. In modern arena the term entrepreneurship and the concepts of entrepreneurship modified and extended to engulf the components which are not necessarily related to starting up a new venture or a startup company like a focused mindset which results in various entrepreneurial initiatives and activities in the form of community entrepreneurship, social entrepreneurship etc. have come to the picture. Community entrepreneurship itself is a very helpful and vital framework through which in a particular community, in any place overall community development is being done and their overall employment initiative is being created or generated. So this particular concept emphasizes to create and drive new entrepreneurial activity in employment creation at local level. There are many projects which are being made to uplift and develop the local entrepreneurs and to improve the overall conditions of the rural communities. And if any small scale project faces failure for some known or unknown reasons the people start showing their finger to them. This has happened due to different kind of culture that is being set and for various community needs. But if we see different literatures on ‘community’, it has been explained by different authors as extrinsic part of the ecosystem of entrepreneurship. But in a local environment like in rural environment the community, entrepreneurs and entrepreneurship development are present as single embedded network system. This paper is basically focusing on the community entrepreneurship and how it is going to uplift the overall condition of rural people in Indian context. Main intention of this article is to point out the various entrepreneurial activities that are being carried out in rural places and the importance of community entrepreneurship to uplift the overall development of the rural India. The term ‘community’ is used here to explain a group of people those are sharing a geographical area, preferably homogenous if possible, belongs to collective culture and shared relational characteristics. But it will be more useful to think that the meaning of ‘community’ is the shared spirit by a group of people. We shouldn’t categorize this thing on the basis of geography, environment, ethnicity or activities.
Community, Community entrepreneurship, Entrepreneurship.
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