JAMMU, Apr 24: Union Minister of State for Skill Development and Entreprene-urship (Independent charge), Rajiv Pratap Rudy, released the India Entrepreneurship Report 2015 by Amway.
The report aims to understand the latent enthusiasm for entrepreneurship in the country as well as factors that motivate and obstruct the creation of new enterprises.
Research partner, Nielsen India surveyed 250 households in each of the 21 States across 50 different cities. One male and one female member in the 21-65 age group were interviewed from each household taking the total number of respondents to 10768 individuals (5402 males and 5366 females).
In the report, access to finance (40%) and family support (35%) emerged as the most important factors to start one’s own business. 73 % of the respondents believe that anyone can be trained/educated to be an entrepreneur. 62 % of respondents think that the education they had right now was sufficient to start their own business.
Almost one in two respondents (47%) said that they had either thought about starting their own business or are actively pursuing one. Overall, 19 % of the respondents said that they are very open to start a new business and in fact are actively pursuing one.
Jharkhand has the heighest number of respondents (60%) who said that they are actively pursuing a new business, followed by Uttarakhand (40%) and Uttar Pradesh (29%). Nearly half of all respondents (45%) said that the environment to begin a business in the State has improved over the past five years. 11% of the respondents felt that the environment has improved significantly. 83% respondents voted banks as their main port of call for starting a business.