Balanced Regional Development

What is balance development?

It can be defined as the creation of equal opportunities for all people to participate in, contribute to and benefit from development. The study argues that the requirement for such a balanced development is human development, which is the process of enlarging peoples choices as to what they do and can do in their lives. Poverty limits the opportunity of many people to develop their capabilities and thereby limits their choices as to what they can do in their lives and how they can participate in development

Regional stability
It can be defined as the consistency of people in a region in their social activity and economic condition. It depends on many factors like culture, tradition, location, politics & agroeconomic conditions of that region.

Balanced regional development

BALANCED REGIONAL DEVELOPMENT has remained a central theme of our development strategy. Industrial dispersal was envisaged to play an important role in correcting the regional imbalances and ensuring a balanced regional development.
Balanced Regional Development of Industries

Industrially Backward Regions of India

Industrially backward region is such which is devoid of industrial development. So industrial development is the harbinger of economic development such area also remains economic backward. Consequently the quality of life of people is very bad and poverty level is very high. Committee on Dispersal of Industries set up by the Small Scale Industries Board in 1960 was the first to identify the industrially backward areas for purpose of rural industrialisation. Thereafter Pandey Committee was set up in 1968 for the identification of industrially backward areas in the country. This was followed by the setting up of the Wanchoo Committee in 1968 for suggesting financial and economic measures for removing such backwardness.

Objective for balanced regional development.

Reduction of regional disparities in the distribution of income and wealth. Removal of poverty in backward areas and increase in the standard of living of the people. Provision of employment opportunities on an equitable basis. Optimum utilization of national resources. Control over the problems of slums , overcrowding etc.

Parameters used for redressing growing regional imbalances for identification of backward districts.
Economic 1. per capita credit 2. per capita deposits 3. % of agriculture laborers 4. agriculture wages 5. output per agricultural worker Social and educational 1. % of SC population 2. % of ST population 3. female literacy rate 4. ratio of secondary school to population of specific age group 5. gross enrolment ratio class i-viii(age 6-13yrs) Health 1. crude death rate 2. infant mortality rate 3. institutional delivery 4. full immunization

Continued
Amenities 1. % of households without electricity 2. % of households with bank services 3. % of households with drinking water source greater than 500 meters away.

Benefits Of Balanced Regional Development

reduction of regional inequalities

removal of poverty in backward areas and

removal increase in the standard of living of

the people.

Benefits

causes

Increase in employment opportunities .

Optimum utilization of national resources.

Scope For Market Growth.

 In

India,

developed regions are only the

because there is no barriers

urban areas

in the process of economic growth. All the facilities are available in urban areas as compared to rural areas such as transport,

land , resources , lab our i.e. why industries

prefer in a urban areas.

 In

urban areas , all the resources such as

labour, transport, electricity, technology etc. are easily available . That the reason why urban regions are develop but if we see in rural areas all the economic overheads are not available at any cost . For e.g. iron and steel industry .

Socio-Cultural Factors consist of values and traditions

either encourage or discourage innovation and

entrepreneurship. Since most of the rural families are dependent in agriculture and their income is highly influenced by climatic conditions. But if the rural families are always dependent on agricultural income , then rural families always remain backward and not able to develop .

 Political

factors are the important set of factors.

Although they are different, rural and urban areas are politically and economically integrated and form one system. But Political decisions for one part of a country can have negative impact for

other parts. Differences in political power between

regions can result in intended or unintended biases in government policies.

Hello! I m a Entrepreneur And I m looking for resources like water , electricity, and internet

But, we dont have enough water and other resources you need in our village

Then how would I start my new business

Sorry but our village is not developed in resources

Demographic Indicators Labor Market Indicators Economic Structure and Performance Indicators Education Indicators Income and Poverty Indicators Innovation and Technology Indicators

DEMOGRAPHIC INDICATORS

AGE Income Level Marital Status Birth Rate Death Rate Religion Occupation

DEMOGRAPHIC INDICATORS

Marital Status: The civil status of each individual in relation to the marriage laws or customs of the country. Occupation: The principal activity in your life that you do to earn money. Religion: A set of beliefs concerning the cause, nature, and purpose of the universe, especially when considered as the creation of a superhuman agency or agencies, usually involving devotional and ritual observances, and often containing a moral code governing the conduct of human affairs. AGE:A period of human life, measured by years from birth, usually marked by a certain stage or degree of mental or physical development and involving legal responsibility and capacity. Birth Rate: The proportion of births to the total population in a place in a given time, usually expressed as a quantity per 1000 of population. Death Rate: the number of deaths per unit, usually 1000, of population in a given place and time.

Labor Market Indicators

Labor force participation rate Employment-to-population ratio Status in employment Employment by sector Part-time workers Hours of work Employment in the informal economy Unemployment Youth unemployment Long-term unemployment Unemployment by educational attainment Time-related underemployment Educational attainment and illiteracy Manufacturing wage trends Occupational wage and earning indices Hourly compensation costs Labor productivity and unit labor costs Poverty, working poverty and income distribution

Education And Poverty Indicators

High level of dependence on primitive methods of agriculture High population growth rate High Illiteracy (about 35% of adult population) Regional inequalities

Innovation And Technological Indicators

Identifying the strategic nature of the information conveyed Researching innovative strategies for implementing solutions Innovating and adapting to change Demonstrating an interest in challenges, change, and new situations Modifying or re-focusing one's actions in accordance with new data Proposing new ideas or avenues for improving products or services

Investing in education Connecting areas and regions Empowering the poor Introducing social safety nets Decentralizing and ensuring good

governance Improving urban management

POLICIES FOR REGIONAL GROWTH

Raw Material. Source of Power. Labour. Means of Transportation Market. Other Factors Climate Capital. Government Policy. Early Start. Personal Preferences.

The Role of The Entrepreneur

Characteristic s

Tariq Mansuri - Role of Entrepreneur

Enterprise

28

 Entrepreneurs are optimistic and future oriented

They believe that success is possible and are willing to risk their resources in the pursuit of profit.

They're fast moving, willing to try many different strategies to achieve their goals of profits. And they're flexible, willing to change quickly when they get new information.
Enterprise Tariq Mansuri - Role of Entrepreneur 29

ROLE OF ENTERPRENEUR
Entrepreneurship is the active process of recognizing an economic demand in an economy, and supplying the factors of production (land, labour and capital) to satisfy that demand, usually to generate a profit. Entrepreneur has a great role to make an equality in the society by introducing small scale enterprises in the undeveloped or rural area.

Continued.

Entrepreneur introduces new ideas and create new market by utilizing the local resources and generating employment for the local people. Large industries lead to disparities between rural and urban areas, so for social stability regional balance small scale enterprise is the ultimate option which can only be done by entrepreneur.

VISIONARY ASPECTS OF ENTREPRENEURSHIP

There is a wide range of significant contributions that entrepreneurs can make to the development process : Entrepreneurship raises productivity through technical and other forms of innovation. Entrepreneurship is a powerful tool of job creation. Entrepreneurs play a strategic role in commercializing new inventions and products.

Continued.
Entrepreneurs play a critical role in the restructuring and transformation of economy in rural area. Entrepreneurs make markets more competitive and thereby reduce both static and dynamic market inefficiency. Entrepreneurs stimulate a redistribution of wealth, income and political power within societies in ways that are economically positive and without being politically disruptive.

CONCLUSION
Entrepreneurship can bring a great change in socioeconomic condition of undeveloped areas and there by accelerate the growth & development of a nation in a sustainable way.