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“Comprehensive policy on rural economy vital”

Staff Reporter

To achieve a balanced socio-economic development


Country has a vast pool of entrepreneurial talents

Need for creating a conducive environment stressed


THENI: A comprehensive policy on rural development and economy is a must to achieve a balanced socio-economic development. Researchers, academicians and entrepreneurs can jointly identify entrepreneurial opportunities at villages to enable the Government to frame a policy in this connection.

This was highlighted at a two-day national seminar on ‘Rural entrepreneurship in economic development,’ held at Jayaraj Annapackiam College for Women at Periakulam near here on Saturday.

In his special address, Madurai Kamaraj University Professor, N. Nama Sivayam said that if the rural economy perished, the nation’s economy would also be perished.

It is high time that academicians, researchers and entrepreneurs helped the Government frame a policy on rural development.

Recent trends

Recent trends at global level indicated that a sustained economic progress of developed and developing nations was due to contribution of small entrepreneurs only.

“We need such entrepreneurs in large numbers for developing and transforming our village clusters into sustainable economic units.

This could be possible only by identification of growth potentials at villages.

Similarly, development of physical, electronic and knowledge connectivity and above all market connectivity were essential for sustainable development of rural economy.

The country has a vast pool of entrepreneurial talents and abundant credit flow towards agriculture and allied sectors.

These must be harnessed properly for sustainable development of rural economy and improve the standards of living in rural areas.

Madurai Kamaraj University Professor R. Varadarajan appealed to the government to create a conducive environment to foster entrepreneurship through proper planning and policy decisions.

While Principal Y. Yesuthangam insisted that every university should inculcate entrepreneurial skills among students, secretary M. Rajeenal said that development of rural entrepreneurship would wipe out unemployment and poverty from villages.

Annalmalai University professor D. Ilango and others spoke.

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