In developing countries like India, agriculture remains one of the prime mechanisms on which the Indian economy rests. Agripreneurship is agriculture-based entrepreneurship that mainly depends on agricultural ventures and startups.
On one side, it is seen as a money-making mechanism. On the other hand, many view it as the absence of good lucrative prospects, lacking opportunities for small farmers or the underprivileged, which is sometimes insufficient for prosperous living for these young entrepreneurs. However, in recent times, age-old perceptions are being challenged with new perspectives and dynamism.
What is Agripreneurship all about?
Agripreneurship is an agriculture-based business, initiated with the right kind of technological knowledge and acumen, skills, and various advanced tools.
It is the application of the right methodology of doing certain tasks in the right principles in order to make a living, or earn profit out of that investment. Agripreneurship is taken as a challenge by the young entrepreneur in order to earn a certain amount of profit out of your ventures and learn modern techniques of doing certain jobs with specific skills. This agro based business believes to lend a long term profit driven activities.
The right sort of training and education about agribusiness is being initiated in the modern study of business. The young entrepreneurs are trying to solve the complexities of the agro-based problem and trying to mitigate it by self-efficacy.
Outlook towards a new emerging global world:
With the rapid expansion of the socio-economic process, our nation is making fast progress towards a new emerging world of socio-economic relations, with stable economic progress and development in many folds.
The new modern globalized world has revolutionized the agricultural periphery with the right inputs of knowledge, capital, investment, equipment and advanced tools and with the process of a digitalized world. India is making huge progress towards a rational agricultural practice with revolutionized changes in its mechanism. Solving the age-old predicament related to the traditional form of farming and indulging in a more novel concept of agricultural practices with advanced ventures, which is a money-making business.
Its main ideology remains with breaking the stereotypical agricultural practices and with the right men at the right work, a huge investment of human capital. Which can be categorized into knowledge, wealth, experience, and improving the quality of life and production.
Prospect of Agripreneurship:
Agriprenuership is an innovative concept of amalgamation of agriculture with that of business while cultivating the right form of knowledge, labour, capital investment, and initiative. It brought together the people with unique thought processes related to business ventures and the confluence of technology with the modern method of farming, like that with our Niche Company, where the advanced technology is being researched and utilized in the cultivational process. It is an agro-based business concept with exceptional novel ideas being applied in the field of cultivational phenomena.
It cultivates hemp(cannabis) for medicinal usage and markets it worldwide as a business orientation. We, here, cultivate other plant-based substances like kief and apply them with the nano-technology of science. Even utilizing the tiniest particle of the plant.
It’s the formulation of modern science with the Vedic knowledge adopted to create the product with multifunctional benefits.
Types of Agricultural Business
- Producing Organic Products– manufacturing organic products like health supplements, cosmetic products or edible items like ghee, oil, cake and many edible items are in huge demand.
- Hydroponic Farming– As the demand for food is ever enhancing the look towards the hydroponics are even increasing. It is cultivation of small plants with the use of soil. It is an important value-based crop and it yields high results. Young entrepreneurs should be encouraged to grow them.
- Cultivation of Hemp– it is seen as a miraculous Vedic plant, having medicinal benefits to cure epilepsy, cancer, anxiety, and depression. It’s used to develop many more products, including health supplements, edible items, and many more.
- Maize Cultivation – Maize is found to be the most versatile crop which can be grown in divergent conditions. By selecting a high variety of seeds. It will give brilliant results and your Agripreneur may earn a good amount of money out of its cultivation.
CONCLUSION:
Agripreneurship plays a prominent and indisputable role in forging the concept of agriculture with the business endeavors, it’s the confluence of unique ideas, technologies, and vast economic changes and balancing the ecosystem with the economic development.
Agriculture is carved into new ideas expanding its scope beyond the ideology of crop cultivation for the livelihood of the rural population. Agripreneurship is a modernized form of agriculture which adds value to the conventional form of agriculture in which various activities like precise farming, high tech-agriculture, organic farming and global marketing are getting attention by young entrepreneurs.
Many challenges are being faced by this sector like huge capital, poor technological knowledge and natural factors affecting the agriculture like monsoon, heat weather and insufficient money, indebtedness, and poor infrastructure, the execution of solutions to such problems are still lacking.
Many young employees are adapting for self-employed jobs as regional factors play a key role in shifting their mindset. When they contribute to GDP by other means of income, India is still known by the name of the agrarian sector, where new innovative methods need to be introduced in order to challenge and restore the basic structure and ideology of the agricultural realm. New innovative support is needed to transform the prevalent system and agricultural processes.
