Determinants for Agripreneurship Development under Agriclinics and Agribusiness Centers (ACABC) Scheme

Abstract

The determinants of entrepreneurial prospect have been extensively investigated but the case of agribusiness is still unexplored. This present investigation was done to specify the determinants of agripreneurship under the ACABC scheme in two states, viz. Telangana (south zone) and Uttar Pradesh (north zone) during October 2018. Both the states had the highest number of established agribusiness in the respective zone. A mixture of multistage and purposive sampling technique was employed for data collection from 120 agripreneurs by utilizing structured questionnaires. Findings revealed that farm input supply agribusiness (44.2%) and farm production agribusiness (40.8%) were dominant. The following determinants of agripreneurship i.e. lack of inputs for production, unemployment, low income of farmers, serving to farming community, low awareness among farmers, interest in business, proximity to markets, free specialized training, and profit motive were revealed during the study in both zones. It was also discovered that the age of agripreneur, educational background, agribusiness age and family size were agripreneurs’ socioeconomic characteristics that had a significant effect on the annual turnover of the agribusiness. Based on these findings, formulation and implementation of policies should be targeted on the identified determinants of agripreneurship. Such policies will improve the agribusiness environment within the country through the schemes of the Government like RKVY RAFTTAR Agribusiness.

Keywords

• ACABC scheme
• Agripreneurship
• Determinants
• Principal Component Analysis