Union rural development minister
Dr Raghuvansh Prasad Singh has asked the private sector to help build up the rural
economy through skill upgradation and entrepreneurship development among the rural
masses by way of technological assistance and micro credit at reasonable rates
the India Rural Business Summit In New Delhi today, organised jointly by the Federation
of Indian Chambers of Commerce and Industry (FICCI) under the aegis of ministry
of rural development and the department of commerce, the minister emphasised the
need of providing sustainable jobs to rural house holds in such a way that poverty
and unemployment could be eradicated effectively.
biggest challenge in India today is to create income generating ventures for about
4.4 crore rural Below Poverty Line (BPL) families and majority of them have no
start up capital or skills and lack credit worthiness as per banking perspectives
and therefore, all forward linkages like activity choice, credit and market are
required to be brought up to the doorstep of the rural beneficiary, the minister
said there is lack of markets in rural areas and lack of adequate awareness of
market trends among the rural artisans. Moreover, rural entrepreuneurship in India
is a dual scenario, combining market potential with the object of poverty alleviation.
Hence there is a need for strong support systems and hand holding by the government
and other institutions.
minister said his ministry implements the Swarnjayanti Gram Swarozgar Yojana (SGSY)
schemes, which is aimed at creating sustainable income generating activities for
the rural poor in an effort to bring them out of poverty. Till now 26.59 lakh
self help groups (SHGs) have been formed and at a total investment of Rs18,824.32
crore 88.5 lakh Swarozgaries have been given assistance.
minister lauded FICCI for taking an initiative in recognising the potentials of
our vibrant rural economy as a crucial factor in the growth of national economy
and asked the champions of Indian industry to come forward for providing necessary
training and finacial help to the rural entrepreneurs and artisans for the skill
said, the government is providing all possible help to rural artisans in a bid
to eradicate the poverty and unemployment from the rural areas and now it is up
to the leaders Indian business community to do necessary market survey and share
the feasibility report with rural entrepreneurs. It should also provide necessary
technological assistance along with micro credit to them at reasonable rates.
them may be also given to them in the production of intermediate goods in the
rural areas and the integration of rural products with the urban supply chain
can be done by the private sector so that the rural masses could brave the challenges
of Global economy in a successful manner.
exhibition of rural products by the rural artisans from all over the country has
also been put up at the premise of FICCI auditorium during the two-day summit.