I guess the biggest challenge is Lack of technical knowledge /literacy, lack of Expert mentorship, poor infrastructure, no role models, and low self-esteem due to less confidence in one,s abilities. The solution lies in the establishment of selected Model villages with good infrastructures and more focused mentorship.If this village shows the best entrepreneurship development other villages will soon follow. Hibre Bazar of Maharashtra is a living example of Rural resilience and entrepreneurship. Jai Hind
Rural entrepreneurs have less risk bearing capacity due to lack of financial resources and external support. Lack of technical knowledge: Rural entrepreneurs suffer a severe problem of lack of technical knowledge. The major problems and challenges faced by a rural entrepreneur while starting a new venture were transportation cost, lack of skilled labour, choosing a place for doing business, financial problems, etc. There are several challenges that rural entrepreneurs face, such as limited access to resources, lack of infrastructure, and limited markets. However, with proper planning and execution, these challenges can be overcome. Rural entrepreneurship refers to establishing industrial and business units in rural areas. It is entrepreneurship emerging in rural areas. Rural entrepreneurs are those who carry out entrepreneurial activities in rural areas. Rural areas are characterized by unemployment and poverty. Key Challenges Faced by Rural India in Border Areas: Limited Infrastructure: Rural areas in border regions face severe infrastructure challenges such as limited access to roads, transportation, electricity, and water supply. Rural enterprises are the best way to use local resources, which leads to prosperity and economic growth. It, in turn, spurs avenues for employment, which has a direct impact on the levels of migration. Rural entrepreneurs can create unique products and offers services which are indigenous innovation and solutions to the local problems. With globalization and technology, these entrepreneurs also have the avenue to link to global supply chains, and thus bridging rural-urban divide. Rural development is facing many problems such as food scarcity, lack of sanitation facility, lack of credit availability, land reforms, female empowerment, etc. These are some of the major key issues which are hindering the development of rural development. Rural entrepreneurship is important not only as a means of generating employment opportunities in the rural areas with low capital cost and raising the real income of the people, but also its contribution to the development of agriculture and urban industries. Factors affecting Growth of Rural Market Following are the various factors which affects the growth of Rural Markets a) Increased demand due to increase in population; b) Agriculture sector is prospering which has risen the rural income; c) Increased Standard of living; d) Government and non‐government organizations. Education, entrepreneurship, physical infrastructure, and social infrastructure all play an important role in developing rural regions. Rural development is also characterized by its emphasis on locally produced economic development strategies.