Seri-Business: New Emerging Entrepreneurship Model in Sericulture

Naveed Hamid
Aina Bhat

Abstract

Sericulture is a labor-intensive and commercially desirable agro-cottage, forest-based industry that falls under the cottage and small-scale market. It offers revenue and jobs to the vulnerable in rural areas, especially small-scale farmers, other vulnerable and poorer members of society. In Jammu and Kashmir UT, sericulture holds a special place. This is India's only conventional Univoltine belt capable of processing silk with qualities equal to the finest imported raw silk of standard quality available on foreign markets. Silk worm rearing offers part-time jobs to around 30,000 households, in addition to providing permanent employment to 5,000 people in the public sector. India's silk and silk-related exports totaled US$ 291.36 million in 2018-19 and US$ 243.52 million in FY20 (till December 2019). Source: CSB Bangalore. Sericulture, as an agro-based company, has a major impact on rural people's economic prospects. The industry encompasses a wide range of on-farm and non-farm activities, necessitating a wide range of expertise, as well as a varied population from all walks of life are brought together to work on silk processing. To inspire young people to engage in Seri-entrepreneurship ventures, a variety of methods has been used. Many young people today have business ideas, but only a small percentage of them have the capacity and opportunity to transform such ideas into profitable enterprises.so in this industry there is large scope of entrepreneurship development in India and J&K UT.

How to Cite
Naveed Hamid, & Aina Bhat. (2021). Seri-Business: New Emerging Entrepreneurship Model in Sericulture. AgroScience Today, 2(5), 0145-0148. Retrieved from http://agrosciencetoday.com/index.php/magazine/article/view/90