Cross Sectional Analysis of Agri-enterprises in Bihar: An Empirical Study

Abstract

"Agripreneurship creates value in the production and consumption activities of agriculture. There are so many areas and sub-areas in agriculture. Within each area, enormous numbers of commodities are available. The study, is conducted in four districts of Bihar, namely Patna, Purnea, Nalanda and Bhagalpur. Twenty respondents were selected by snowball sampling method from each district. Hence the sample size is eighty. The data was collected by survey method and then recorded and compiled. From the study it can be concluded that most of the respondents belonged to young category and they had completed intermediate education level. Although (46.25%) of the respondents belonged to backward caste category as backward caste is more prevalent in Bihar. Majority (40%) of the respondent’s family income belonged to (1-50 lakhs in `) and in case of annual enterprise income (56.25%) it was (1-10 lakhs in `). Most of the respondents, chosen their products for maintaining their economic condition whereas (23.12%) of the respondents were chosen for their marketability criteria Most (73.75%) of the respondents have brand name of their product whereas (26.25%) of the respondents don’t have brand name. Although, (48.75%) of the respondents do not having quality certificate for their products because most of them are in progressive stage of their enterprise. The major source of finance to do business was friends and family whereas only (3.48%) of the respondents got the finance from money lenders. Findings shows that (26.58%) of the respondents have five and more loan instalments received whereas (13.92%) of respondents received only two instalments. It is noted that 91.25% of the respondents don’t require any collateral offered to get loan. About, 58.67% of the respondents repay their loan up-to one year. Majority (25.14%) of agripreneur adopted self-mode of channels of distribution of their products and participated in exhibition for promotion of their product sale."