Growth and Development Model: Towards a More Sophisticated Theoretical Framework for EDPs in Kerala

Abstract

The economic development of any nation is dependent upon the purposeful human activity, that is, entrepreneurial function.  Entrepreneurship has come to be perceived as the engine of economic and social development throughout the world.  Entrepreneurs have become the backbone of industrial development.  Thus, the efforts are undertaken by the respective governments for the development of entrepreneurs which are popularly known as Entrepreneurship Development Programmes (EDPs). Entrepreneurship development is an educational process and an endeavour in human resource development.  The relevance of EDPs is that entrepreneurs are not just born but can be developed and trained to undertake ventures and be creative.  The significance of EDPs has been recognised world over, both in developed and developing countries.  The aim of EDPs is to create an entrepreneurial culture and develop a healthy small business sector to facilitate the economic development.  EDPs, if results in the development of an entrepreneurial culture can be a solution for many of the problems confronted by an economy.  EDPs enable prospective entrepreneurs in the setting up of their own units, thus creating employment opportunities.  EDPs also assists in accelerating the pace of industrialisation in the backward areas by setting up small scale units in industrially backward and remote areas thus ensuring a balanced regional development.  Thus, it results in utilisation of local resources, increasing the standard of living and facilitating the overall development.

Keywords

Growth and Development Model, Sophisticated Theoretical Framework, Economic Development, Entrepreneurship Development Programmes, EDP

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