Entrepreneurship Development
Week 0
Introduction to the course
Week 1
• Overview of Entrepreneurial Environment with Special Reference to Agribusiness
Overview of Indian Agriculture
Lecture Materials
W1 L1- Overview of Indian Agriculture.pdf
1. 1 Overview of Indian Agri.pptx
Issues and Concerns of Indian Agriculture
Lecture Materials
W1 L2-Issues and Concerns of Indian Agriculture.pdf
1.2 Issues and Concerns of Indian Agriculture.pdf
Entrepreneurial environment, and its implication in India in the context of Globalization
Lecture Materials
W1 L3- Entrepreneurial environment, and its implication in India in the context of Globalization.pdf
1. 3 Ent Envt implications.pdf
Qualities of an Entrepreneur
Lecture Materials
W1 L4- Qualities of Entrepreneur.pdf
W1L4 Qualities of an entrepreneur.pdf
Social entrepreneurship
Lecture Materials
W1 L5- Social Entrepereneurship.pdf
1.5 Social Entrepreneurship.pdf
Week 2
• Business Idea Generation and Entrepreneurship Case Studies
Business Ideas 1
Lecture Materials
1. Business Idea - Exercise.pdf
Business Ideas 2
Lecture Materials
W02 L2- Business Idea (II).pdf
Case study of Entrepreneurship
Lecture Materials
W02 L3- Case study of Entrepreneurship.pdf
ICTs and Agribusiness
Lecture Materials
W02 L4- ICTs and Agribusiness.pdf
2.4 ICTs and Entrepreneurship.pdf
Ministry of MSME
Lecture Materials
Week 3
Business Communication and SWOT Analysis for an Entrepreneur
Business Communication Part 1
Lecture Materials
W3 L1- Business Communication Part 1.pdf
W3 L1 Business Communication Part 1.pdf
Business Communication Part 2
Lecture Materials
W3 L2- Business Communication Part 2.pdf
W3 L2 Business Communication Part 2.pdf
Business Communication-3
Lecture Materials
W3 L3- Business Communication Part 3.pdf
3.3 Business Communication (3).pdf
Business Communication-4
Lecture Materials
W3 L4- Business Communication Part 4.pdf
3.4 Business Communication (4).pdf
SWOT Analysis for an Entrepreneur
Lecture Materials
W3 L5- SWOT analysis for an entrepreneur.pdf
Week 4
Source/Strategies for Finance and Marketing
Venture capital
Lecture Materials
Venture capital opportunities
Lecture Materials
4.1 Venture capital opportunities.pdf
W4 L2- Venture Capital Opportunities.pdf
Contract farming
Lecture Materials
Agricultural Marketing and e-NAM
Lecture Materials
W4 L4- Agricultural Marketing and e-NAM.pdf
Corporate social responsibility
Lecture Materials
W4 L5- Corporate Social Responsibility1.pdf
4.5 Corporate Social Responsibility.pdf
Week 5
Startup India
Lecture Materials
Standup India
Lecture Materials
PMFBY: A risk management strategy
Lecture Materials
W5 L3- PMFBY A risk management strategy.pdf
Farmer Producer Organization
Lecture Materials
W5 L4- Farmer Producer Organization.pdf
Pradhan Mantri Mudra Yojana
https://youtu.be/JMbjfHYp1QI
Lecture Materials
W5 L5- Pradhan Mantri Mudra Yojana.pdf
Quiz 1
Q1. What is one of the major challenges faced by Indian agriculture that can be addressed through entrepreneurial innovation?
Increased mechanization
Urbanization
Post-harvest losses (Your answer)
High labor costs
Q2. Which of the following is an emerging entrepreneurial opportunity in Indian agriculture?
Real estate development
Mining
Agri-tech solutions (Your answer)
Textile manufacturing
Q3. How can the entrepreneurial environment in India be made more favourable for agricultural startups?
By eliminating agricultural subsidies
By reducing digital literacy
By increasing urban migration
By improving access to credit and infrastructure (Your answer)
Q4. ICT is comprised of which elements?
a. Information communication technology
b. Communication technology
c. Computer Technology
d. Distance technology
All of these
Both a & b
Both a & d
a, b & c (Your answer)
Q5. Which of the following is a key quality of a successful entrepreneur in the agricultural sector?
Risk-taking and adaptability (Your answer)
Resistance to change
Lack of market knowledge
Short-term focus on profits
Q6. Statement A: The risk management works as a warning system that enables farmers to take prompt action in anticipation of an impending event
Statement B: M-Krishi is an example of a risk management system
Statement B is correct but Statement A is incorrect
Both Statements A & B are correct (Your answer)
Both Statements A & B are incorrect
Statement A is correct but Statement B is incorrect
Q7. Statement A: Virtual trading platforms are electronic marketplaces where buyers and sellers connect through an electronic network
Statement B: Agmarknet is an example of a Virtual trading platform
Statement B is correct but Statement A is incorrect
Both Statements A & B are correct
Both Statements A & B are incorrect
Statement A is correct but Statement B is incorrect (Your answer)
Q8. Assertion (A): It is observed that the trust between customers and insurance companies is generally low.
Reason 1 (R1): The claim processing times are often quite long.
Reason 2 (R2): Insurance companies often fail to notify farmers using ICT tools like SMS
A is false but R1 & R2 are correct statements.
A is true and both R1 & R2 are correct reasons for it (Your answer)
A is true and only R1 is the correct reason for it
A is true and only R2 is the correct reason for it
Q9. Social entrepreneurs in Indian agriculture typically focus on:
Reducing competition in the market
Profit maximization only
Short-term business gains
Solving social and environmental challenges (Your answer)
Q10. The National Commission for Enterprises for Unorganised Sector (NCEUS) is situated at:
New Delhi (Your answer)
Noida
Guwahati
Hyderabad
Q11. Statement A: Every business is born out of an idea
Statement B: Business ideas only come from knowledge
Statement B is correct but Statement A is incorrect
Both Statements A & B are correct
Both Statements A & B are incorrect
Statement A is correct but Statement B is incorrect (Your answer)
Q12. What are the functions of National Small Industries Corporation Limited?
Expanded activities in marketing, technology, financing and information Support to small enterprises in the country
Facilitating credit flow to micro and small enterprises through support measures like the Credit Guarantee Fund Scheme
Human resource development through training and skill upgradation
Promoting, aiding, and fostering the growth of small-scale industries and industry-related small-scale services on a commercial footing
All of these
Only a
a & d (Your answer)
a, b & d
Q13. Which institute aims at undertaking training, research and consultancy activities in the small industry sector focusing on entrepreneurship development as an autonomous national institute?
National Commission for Enterprises in the Unorganised Sector
The National Institute for Entrepreneurship and Small Business Development
National Institute of Small Industry Extension Training
Indian Institute of Entrepreneurship (Your answer)
Q14. Which state is having the maximum number of estimated MSMEs (in lakhs)?
Gujarat
Uttar Pradesh (Your answer)
West Bengal
Bihar
Q15. Assertion (A): Social entrepreneurship is on the rise in India and also is the need of the time
Reason 1 (R1): NGOs and Corporate Social Responsibility-based approaches failed to solve and not enough the ever-increasing societal problems in India
Reason 2 (R2): Providing amenities for free often creates a syndrome of dependency
A is false but R1 & R2 are correct statements
A is true and both R1 & R2 are correct reasons for it
A is true and only R1 is the correct reason for it (Your answer)
A is true and only R2 is the correct reason for it
Quiz 2
What is the contribution of the service sector to the global economy?
48.1%
67.1%
63.4%
59.1%
Answer: 63.4%
Leaders are...
Realistic
Innovative
Utopian
Pragmatic
Answer: Utopian
A farmer does not become an entrepreneur only by adopting a new agricultural technology but he becomes an entrepreneur only when he comes to be an operator of a...
Business
Farm business
Shop
Enterprise
Answer: Farm business
Leave the ventures as soon as the venture is created.
Innovative entrepreneurs
Mobile entrepreneurs
Empire builders
Managerial entrepreneurs
Answer: Mobile entrepreneurs
Entrepreneurs run after their dreams, earning monetary benefits is secondary at that point of time of chasing the dreams.
True
False
Answer: False
The cooperative approach is the best approach for various problems faced by Indian agrarian communities.
True
False
Answer: True
To qualify under small enterprise under the service sector my investment should be...
10 million - 20 million
1 million - 20 million
10 million - <20 million
<1 million - >20 million
Answer: >1 million - <20 million
Major Activities of _____ includes promoting, aiding, and fostering the growth of small-scale industries and industry-related small-scale services/business enterprises in the country, on a commercial footing.
SIDO
NSIC
NIESBUD
NECUS
Answer: NSIC
Creating an atmosphere for innovation and entrepreneurship, for active interaction between academic institutions and industries for sharing ideas, knowledge, experience and facilities for the development of new technologies and their rapid transfer to the end user.
IEDC
STED
SIDO
STEP
Answer: STEP
______ is typically a wealthy individual, often with a tech industry background, in a position to judge high-risk investments.
Angel Investor
Entrepreneur
Strategic venture capitalist
Financial venture capitalist
Answer: Angel Investor
CSR in Equation Form is the Sum of...
Ethical + Economic Responsibilities
Economic + Legal Responsibilities
Philanthropic + Economic + Legal + Ethical Responsibilities
Philanthropic + Economic + Legal Responsibilities
Answer: Philanthropic + Economic + Legal + Ethical Responsibilities
Corporate social responsibility (CSR) was identified as Corporate/business ethics during...
1970-80
1980-90
Beyond 2000
1950-60
Answer: 1980-90
The owner of the land becomes farm labor in case of...
Procurement contract
Partial contract farming
Contract farming
Total contract
Answer: Total contract
Typical sources of funding for Public-private partnership include...
Toll + Fees + Loans
Toll + Bonds
Toll + Fee + Grant + Loan + Bond
Fees + Grants + Loans
Answer: Toll + Fee + Grant + Loan + Bond
A tool that can help governments meet demands for the development of modern and efficient facilities, infrastructure, and services while providing value for taxpayers.
Contract farming
Venture capital
Public Private Partnership
Corporate social responsibility
Answer: Public Private Partnership
______ is a division of a large company/industry dedicated to investment on innovative ideas of employees.
Angel Investor
Entrepreneur
Strategic venture capitalist
Financial venture capitalist
Answer: Strategic venture capitalist
Needs are created by
Businessman
Entrepreneur
Venture capitalist
Social entrepreneur
Answer: Entrepreneur
Social entrepreneurs are
Act entrepreneurially
Mission-driven
All the above
Act within financially independent organizations
Answer: All the above
A Social entrepreneur is an opinion leader while an entrepreneur is a strategic thinker
True
False
Answer: True
According to the experiences of SKS microfinance, repayment rates on collateral-free loans are more than
95%
89%
50%
99%
Answer: 99%
The verbal symptoms of Glossophobia include
Tense + Queering voice + Redundancies
Tense + Queering voice
Acute hearing + increased pulse rate + Blood Pressure + Oxygen intake
Dry mouth + Stiffening of neck muscles
Answer: Tense + Queering voice + Redundancies
The process of speaking to a group of people in a structured, deliberate manner intended to inform, influence, or entertain the listeners.
Mass speaking
Public speaking
Group Speaking
Open speaking
Answer: Public speaking
Meanings are in
Words
Sentences
Source
People
Answer: People
Entrepreneurs are conservative or orthodox in outlook is
Drone Entrepreneurs
Fabian Entrepreneurs
Innovating Entrepreneurs
Active Entrepreneurs
Answer: Drone Entrepreneurs
The fear of public speaking is called
Hydrophobia
Glossophobia
Speakophobia
Photophobia
Answer: Glossophobia
Focusing on Delivery and Personal appearance leads to
Poor viewing
Poor Listening
Poor video effect
Better Audio-Visual effect
Answer: Better Audio-Visual effect
Communication is
Verbal process
Telling something
Both verbal and non-verbal process
Non-verbal Process
Answer: Both verbal and non-verbal process
The category of public speaking that is fairly self-explanatory and speeches are meant to inform
Persuasive
Ceremonial
Impromptu
Informative
Answer: Informative
Perceiving opportunity, identifying opportunity, and evaluating opportunity are parts of the first stage of _____?
Entrepreneurial Process
Answer: Entrepreneurial Process
Venture capital is a tool that can help governments meet demands for the development of modern and efficient facilities, infrastructure, and services while providing value for taxpayers
True
False
Answer: False
Assignments
Please submit any ONE of the two assignments. (For detailed instructions kindly refer to the lecture 1 and 2 of Week 2 i.e., Business Idea)
Talk with the owner of five successful businesses from your area which are at least 3 years old. Collect information about the need assessment they have done, the reason to start a business, their perception about the success of their business etc. Finally come out with your own business idea based on these information
Read the cases shared in Lecture 3 of Week 2 and share your experience about the four cases as instructed in the lecture video.
Additional resources
Marketing Growmatics
Startup.pedia
Krushi Suddi
Cultivation Ag
Moneymint with Aditya
Ajay Gopinath, a former bank employee
Book “Stay Hungry Stay Foolish” : https://archive.org/details/stayhungrystayfoolish_202002/page/n31/mode/2up
e-NAM Report.pdf | National Academy of Agricultural Research Management
Mega Food parks.pdf | Mega Food Park Projects
ODOP.pdf | One district one product
About Setting Up/Up-gradation of Quality Control/Food Testing Laboratories: https://www.mofpi.gov.in/Schemes/about-setting-upup-gradation-quality-controlfood-testing-laboratories
Operation Greens Scheme: Operation Greens Scheme | Ministry of Food Processing Industries | GOI (mofpi.gov.in)
SUPPORT TO FPOs/SHGs/ PRODUCER COOPERATIVES: https://pmfme.mofpi.gov.in/pmfme/#/Home-Page