A study on entrepreneurial competencies, challenges and enhancing opportunities for rural empowerment

Abstract

Entrepreneurship plays a vital role in driving economic development and empowering rural communities. This study examines the competencies, challenges, and opportunities among rural entrepreneurs in Kanchipuram District, Tamil Nadu. A survey methodology was used with a sample of 200 rural entrepreneurs from industries such as textiles and automobiles.The study assessed entrepreneurial competencies based on gender, education, and business background, revealing notable differences. Male entrepreneurs outperformed females in competency measures, highlighting gender disparities. Educational qualifications significantly impacted competencies, with school-educated entrepreneurs achieving the highest mean scores. Entrepreneurs from business families demonstrated greater competencies compared to first-generation entrepreneurs.Key challenges identified include financial constraints, infrastructural deficits, and technological barriers, while opportunities lie in digital platforms and government initiatives. The findings underscore the importance of targeted interventions to address these challenges, enhance entrepreneurial capacities, and promote sustainable development. Empowering rural entrepreneurs is crucial for fostering economic growth and rural prosperity.