The Role of Sociological Factors In Agricultural Entrepreneurship In Karnataka

Abstract

In the context of globalisation of Indian economy through structural adjustments, the development of entrepreneurship assumes still more importance and necessitates to redefine our agriculture from traditional and subsistence oriented structure towards commercialised and market oriented one. With the present day trend of market orientation and opening up of the economy to international markets, Indian agriculture is exposed to high level of competition and seeks different sets of entrepreneurial skills. To prepare rural community to cope up with these challenges, it is of primary importance to create necessary environment through policy decisions.The important characteristic feature of underdeveloped countries is the absence ofentrepreneurial ability. Entrepreneurship in the underdeveloped and to some extent developing nations is influenced by the social system which denies opportunities for creative faculties. The rigid customs, the differential status, the distrust of new ideas and lack of creative education, etc have resulted in an atmosphere which goes against innovation and new inventions. The tragedy of Indian agriculture even at the dawn of the twenty first century is that it is still unable to provide assured livelihood for a large portion of population.In contemporary thought, the entrepreneur is generally recognised as an individual factor of production along with land, labour and capital. Unlike other factors of production, individual factor has a greater relevance. This is mainly due to the fact that the individuals manage or facilitate production by combining other factors in a right proportion.