Personal and Institutional Determinants of an Effective Entrepreneurial Intervention

Articles in Press

Document Type : Original Research

Authors
S. Kademani 1
M. S. Nain 2
R. Singh 3
S. K. Dhull 4
R. Parsad 5
D. K. Sharma 3
S. K. Roy 3
1 ICAR-IIAB Ranchi
2 ICAR- Indian Agricultural research Institute, New Delhi
3 ICAR-IARI, New Delhi
4 ICAR-NIAP, New Delhi
5 ICAR-IASRI, New Delhi
Abstract
Entrepreneurship is vital for driving innovation, economic development, and sustainability in the agricultural sector, empowering farmers, and ensuring food security. Successful promotion of agri-entrepreneurship demands a nuanced approach that considers both the personal traits of entrepreneurs and the institutional factors. This study employed linear regression analysis and principal component analysis to examine the determinants of entrepreneurial success and identify factors contributing to effective interventions across three distinct entrepreneurial categories i.e., farm-based, off-farm based, and service/tech entrepreneurs. Data was gathered through structured interviews involving two hundred agri-entrepreneurs in Rajasthan and Telangana states. The regression analysis revealed that diverse psycho-personal and socioeconomic variables like marital status, income levels, and achievement motivation were of significant influence. The principal component analysis provided valuable insights into the institutional factors underpinning effective entrepreneurship promotion interventions. Technical factors like tailored project support, financial enablers including government funding and tax incentives, and robust implementation mechanisms involving stakeholder collaboration were highlighted. Operational elements such as; training institute-industry-market-entrepreneur linkages, administrative commitments, and policy consistency, collectively shaped intervention effectiveness across the entrepreneurial ecosystems. This comprehensive examination of individual and institutional determinants offered a holistic perspective on fostering successful agri-enterprises, emphasizing the need for contextualized approaches that align personal attributes with tailored institutional interventions.

Keywords

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Journal of Agricultural Science and Technology

Articles in Press, Accepted Manuscript
Available Online from 01 January 2024