Staff Correspondent

Byadagi chilli yields natural colour used for food processing
Banks must be careful while advancing loans

Belgaum : As the country looks forward to realising the goals set by President A.P.J. Abdul Kalam in “Vision 2020,” adequate emphasis needs to be laid on encouraging entrepreneurship to boost rural development. This is what is being conveyed to banking institutions, Department of Industries and Commerce, entrepreneurs and skilled youth in rural areas of the country by the Entrepreneurship Development Institution of India (EDII) through seminars and training programmes.

The EDII held its maiden seminar in north Karnataka here on Tuesday with special focus on Belgaum, Dharwad, Haveri, Gadag and Uttara Kannada districts.

It was sponsored by Deshpande Foundation, U.S., and supported by Department of Industries and Commerce and NABARD.

The participants included local entrepreneurs and representatives of various non-governmental organisations.

Regional Commissioner, Belgaum Revenue Division Amita Prasad, who inaugurated the seminar called upon institutions to take advantage of the vast potential available for rural entrepreneurship. There were many raw materials and products with distinct geographical identity which could be exploited for industrial growth.

The popular “Byadgi” chilli identified with Byadagi in Haveri district and “Kunda” of Belgaum district could be marketed on a larger scale. The “Byadgi” chilli that yields natural colour could be useful in the food processing industry, she said.

Trading

Indians were better off in trading than manufacturing. Even though the manufacturing sector occupied prime place in government policies, its overall contribution to the economy was a paltry 12 per cent a year while trading contributes to nearly 27 per cent, Ms. Prasad said.

Ms. Prasad advised the bankers to be careful while lending money for business ventures.

She asked the participants in the seminar to evolve pilot projects for prospective rural entrepreneurs.

Ms. Prasad was surprised at the absence of prospective entrepreneurs at the seminar.

EDII faculty N. Ramesh from Bangalore highlighted the objectives of the seminar and said that it was possible to replicate success stories of rural entrepreneurs as witnessed in Gujarat and elsewhere.

Interestingly, a majority of successful entrepreneurs in Gujarat had come from agriculture background, he said.

President of the Belgaum Chamber of Commerce and Industry Vikas Kalghatagi, vice-president Vinay Jathar; were among those who were present and Assistant General Manager of NABARD, Belgaum, Arun Thallur; Development Manager of Syndicate Bank, Regional Office, Belgaum, Shailaja G. Hiremathpresented papers.

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