Friday, June 10, 2005

Attitude towards Entrepreneurship in Nepal

# Significant occupational shift was noticed in a generation from farming to non-farming. It was faster in urban areas than in rural areas.
# Awareness about entrepreneurship is high (44% of the sample was found aware).
# 80% of respondents were prepared to take risks by taking bank loan and they were confident of being able to repay it back in a year.
# 73% of the respondents said they regarded the traditional caste based division of labour as an obstacle to development, thus indicating that they were open to modernization.
#· Only about a quarter of the respondents said they had ever heard of business promotion policies of the government.
# 25% of the respondents were found highly enterprising (when tested using TV Rao’s locus of control Entrepreneurship Orientation Inventory).
# Rural respondents more enterprising (1% higher) than urban respondents
# Women more potentially enterprising (31%) than men (23%)
# People from high social standing and educated lot were found preferring fixed income jobs while the less educated were more inclined to self-employment.
Source: Attitude towards Entrepreneurship in Nepal, SBPP, 1994

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