eChapters

Domestic livestock plays a major role in meeting the food requirement of human beings. Especially with dwindling resources, improvement in production efficiency is primary to meet the ever-increasing demand for animal protein. The role of an animal breeder is to bring about a sustained improvement in the quality and quantity of such products. Over the years, there has been an enormous improvement in the production ability of livestock and statistical analysis has played a predominant role in the application of principles of animal breeding to improve the productivity of animals. The combination of genetics and statistics developed into a separate branch of science called biometry.

Services for CSA

Under the CSA projects and programmes, the services like supply of inputs and technology transfer through extension services are provided to the farmers. The inputs like seeds of crops are provided by the input dealers at the subsidized rate and seedlings of fruits and vegetables are provided by both private and government agencies to grow under general cultivation and poly-house cultivation technology. Similarly other services like soil testing facilities, issue of soil health cards, construction of micro-irrigation projects and rain harvesting structures are made available to farmers. Under insurance scheme, loanee farmers are supported to pay premium dues for availing crop insurance facilities. Other services like trainings at various levels, demonstrations, exposure visits, exhibitions, kisan melas, field days, monitoring and evaluation of all these activities under these programmes are provided to the farmers with collaboration of extension officers.

Application of Climate-Smart Agriculture

Agricultural production systems are expected to change in response to climate change and ensure food security in different countries. Climate variability may further affect the agricultural production in future. To meet such challenges, there are many options to reduce the negative impacts of climate change on agricultural systems, make them resilient to climate change, and reduce emissions. Many technologies and practices can increase crop yields, farm income, and input-use efficiency, and may reduce GHG emissions (Khatri Chhetri et al. 2017). Climate-smart agriculture (CSA) is suggested to address the adverse effects of climate change and ensure food security. It is intended to achieve the three objectives of ensuring productivity, adapting and building resilience and reducing emission of GHG.

Climate-smart Agriculture Practices and Indicators

Considering the three pillars of climate-smart agriculture such as productivity, adaptation and mitigation, different technologies and practices have been evolved.

The CSA practices are grouped under soil and land management, water management, crop management, livestock management, forestry, fishery & aquaculture and energy management. The World Bank Group (2016) has suggested broad indicators of CSA practices (Table 7.1; Chapter 7)

Need for climate-smart agriculture strategy

Climate change has long-lasting and potentially detrimental consequences on the agriculture sector. Changes in weather events cause perturbations across agricultural ecosystems and have impact on farm productivity. Adopting the climate-smart agriculture approach has thus, become inevitable in order to build resilience in agriculture systems and cope up with climate change. With a view to implementing climate-smart agricultural practices to ensure climate resilience, certain broad strategies have to be adopted. The CSA approach is designed to identify and operationalize sustainable agricultural development within the explicit parameters of climate change (Climate Smart Agriculture Sourcebook.FAO.2013). It integrates the three dimensions of sustainable development (economic, social and environmental) by jointly addressing food security and climate challenges.

Introduction on Climate Smart Agriculture (CSA)

Extreme weather conditions like rainstorms, high wind pressures, high temperatures, flood and drought situations have profound influence on agriculture. Climate and agriculture are strongly interrelated universal processes and thus variations in climate influence agricultural activities (IPCC, 2007). The effects of climate change are seen in form of global warming, unseasonal and excess rainfall, and frequent natural calamities which affects agricultural production. At the same time emission of GHG to the atmosphere is a major source of climate change. The impact of climate change on crop yield, dairy and other livestock production including fishery will be felt in reduced production and consumption. Climate change will effect in additional increase in prices for main agricultural food crops such as rice, wheat, corn and soybeans (IFPRI, 2009).

Climatic factors like increase in temperature, carbon dioxide (CO₂) concentration, moisture, and other factors directly or indirectly affect agriculture, which have been elaborately dealt in previous chapters. Climate change causes weather variability that may result in low production, hike in price of agricultural commodities including food grains, vegetables, fruits, meat, egg and milk. It is now realised that climate resilient agriculture (CRA) will be imperative to reduce the vulnerability of agriculture to the climate change.

Agriculture and Food Security

Food security refers to a situation when people gain physical and access to enough food to meet the dietary requirements for a healthy life for all times. A household can have food security when all the members lead a hunger free life. It is estimated that nearly 800 million people in the world go to bed hungry every night. Food security exists when all people, at all times, have physical and economic access to sufficient, safe and nutritious food that meets their dietary needs and food preferences for an active and healthy life (World Food Summit, 1996). This definition gives rise to four dimensions of food security: availability of food, accessibility (economically and physically), utilization (the way it is used and assimilated by the human body) and stability of these three dimensions.

Climate and Agriculture

Soil, climate and water are three basic requirements of a crop to be grown in a particular region. Climate affects the temperature trends, seasons, length of the growing season, amount of sunlight and the seasonality of sunlight etc. A change in climate may cause recurrent droughts, floods and weather extremities that would affect the agricultural production, human livelihoods, health and biodiversity. The relationship between agriculture and climate is complex as it is dependent on climate and also plays a contributing role in emission of greenhouse gas (GHG). Greenhouse gases include carbon dioxide, nitrous oxide, methane, chlorofluorocarbons (CFCs), hydro-chlorofluorocarbons (HCFCs), hydro-fluorocarbons (HFCs), per fluorocarbons (PFCs) etc. , which play a significant role in climate change.

Climatic Factors and Crop Growth

Crop growth depends on internal and external factors. Internal factors are mostly genetic or hereditary factors which include high yielding ability, resistance to lodging, tolerance to adverse conditions such as drought, flood and salinity, tolerance to insect pests and diseases, and grain quality. The external factors include climate, edaphic, biotic, physiographic and socio-economic factors.

Modern agriculture requires certain precise information on pattern of rainfall, temperature, occurrence of drought and flood etc. for formulating required strategy for crop production. It also requires knowledge about agro-climatic conditions of the region for deciding a planned cropping pattern. Therefore climatic classification and delineation of agro-climatic zones would be imperative for a country or state.

Weather and climate have profound influence on agriculture of a region. There are some differences between these two terms. Weather describes the state of the lower atmosphere of a place with respect to temperature, precipitation, wind direction, wind speed, humidity, cloudiness and pressure etc. over a short period of time. The short term variations over minutes to days are indicated as weather of a location. It says whether the atmosphere is hot or cold, rainy or dry, sunny or cloudy, still or cyclonic and so on usually for period of 24 hours. The weather may vary from place to place and from time to time due to difference in temperature, cloudiness, humidity, rain and other events of atmosphere. It may be sunny at one locality, but rainy at another locality.

Abstract

This chapter covers the main theories and academic perspectives used to study the role of different organizations in which they explain their vision, mission, object functioning, etc.

Abstract

This chapter explains the cooperation which create social relations that help individuals achieve goals that they could not achieve alone. They also help farmers benefit from economies of scale and reduce risks, and empower their members economically and socially by involving them in decision-making processes.

Abstract

This chapter explains SWOT analysis, a tool for corporate planning to evaluate how an organisation compares with its rivals. It stands for strengths, weaknesses, opportunities, and threats. Albert Humphrey is traditionally considered the originator of the plan in the 1960s, but this claim is disputed. No one agrees on who created it. It has become useful for differentiating from and finding a niche within the larger market. It is also called the SWOT Matrix. SWOT Analysis is a tool that can apply outside of business to analyse a person’s status against their competitors. The tool considers both internal and external factors. The terms “weaknesses” and “strengths” relate internally. The former is a characteristic of a company or other entity that gives it a disadvantage over rivals. The latter is a trait of that same entity, which gives it an advantage over its rivals. For external factors, “opportunity” are aspects of the larger environment that the entity can exploit to its benefit. However, “threats” are also realities in the larger environment, which could harm the entity.

Abstract

Financial analysis evaluates the performance and suitability of enterprises, projects, budgets, and other financial-related institutions. It determines if a business is secure, financially sound, liquid, or profitable enough to warrant a financial commitment. Accurate records and financial statements provide the essential information for analyzing the financial situation and trends of a farm operation. A financial analyst examines the income statement, balance sheet, and cash flow statement.

Abstract

Many obstacles hinder agriculture credit in rural regions: insufficient funding, failure to reach vulnerable rural residents, especially marginal and small farmers, and lack of local focus in agriculture credit distribution. India adopted a “Social and Development Banking” policy after nationalizing commercial banks in 1969. This policy aimed to solve some of these issues and boost the supply of formal credit to the agriculture sector. Rural communities would benefit from more loans at competitive interest rates due to this policy. In the 2000s, agriculture credit grew annually by 17.6%, much higher than the 2.6% growth rate in the 1990s. The increase in agriculture credit had three distinct features: indirect financing, a sharp rise in loans of Rs. 10 crore and above, and growing availability of agriculture credit through urban bank branches. The revival of agriculture lending in the 2000s mostly benefited small farmers and marginal farmers

Abstract

Rural indebtedness is an old problem in India. In the 19^th century commercial banking was absent in rural areas and farmer were entirely in the hand of usurious moneylender. Since the British rule, the central government has been trying to extend institutional lending to the rural agriculture sector. To provide credit to the agricultural sector, a multi-agency approach involving co-operative banks, scheduled commercial banks, and RRBS has been used in India. Adequate and timely loan availability at reasonable rates is the basis for agricultural finance policy. The institutional structure for agricultural lending has improved over time in terms of scope and reach. India’s higher education institutions have been focusing their efforts on advancing agricultural finance.

Abstract

Agriculture, like any other economic activity, needs finance. Crop productivity in India is low due to traditional farming practices and agricultural production must increase to achieve self-sufficiency and save foreign exchange. Therefore, credit is vital for enhancing agricultural production. Credit helps develop fixed farm assets and can be classified into short-term loans, medium-term loans, and long-term loans, according to studies on the relationship between agricultural growth and credit availability. However, credit withdrawal might cause a decline in conditions, while credit provision with stagnant production conditions won’t improve output. Since production conditions are dynamic, loan requirements would grow from year to year even if input stay constant.

Abstract

Most farmers in India lack capital. They need credit at the right time, from the right agency, and in adequate amounts to be productive. From the farmer’s perspective. When a farmer applies for a loan from an Institutional Financial Agency (IFA), the lender must be convinced of the 3 R’s, 5 C’s, and 7 P’s, which indicate the economic viability of the proposed investments.

Abstract

This chapter examines how agricultural credit is a vital input for all agricultural development programmes. Private moneylenders used to be the main source of agricultural credit. However, this source was insufficient, costly and oppressive. To overcome this, a multi-agency approach involving cooperatives, commercial banks and regional rural banks has been adopted to provide cheaper, timely and adequate credit to farmers.

Abstract

Agricultural development interventions need agricultural financing to increase productivity. This study investigates what factors influence farmers’access and use of agricultural loans, what challenges they face in obtaining and repaying loans, and how financial support affects their income outcomes. The study also suggests some policy actions to improve the supply and performance of agricultural loans for farmers.

1.1. Meaning

Agricultural finance generally means studying, examining and analysing the financial aspects pertaining to farm business, which is the core sector of India. The financial aspects include money matters relating to production of agricultural products and their disposal.

Important Points to Remember

• The word “biotechnology” was first coined in 1917 by a Hungarian agricultural engineer, Karl Ereky. He used it to describe a system for raising pigs on sugar beets as their primary food source. He defined Biotechnology as “all lines of work by which products are produced from raw materials with the aid of living things”. He defined such a new terminology since most of the industries use mechanical devices - machines - to make things, biotechnology uses living organisms to make products of economic value.
• Many different scientific fields are responsible for emergence of this biological revolution. They are biochemistry, molecular biology, microbiology, physiology, computer science and what not?
• Hence, a newer, refined, definition of biotechnology was offered by U.S. Office of Technology Assessment: “Any technique that uses living organisms to make or modify products, to improve plants or animals, or to develop microorganisms for specific purposes.”
• The United Nations Convention on Biological Diversity defines biotechnology as: “Any technological application that uses biological systems, living organisms, or derivatives thereof, to make or modify products or processes for specific use.”
• Schleiden and Schwann proposed cell theory in 1838.

Important Points to Remember

• Microbiology is the study of living organisms of microscopic size majority of which are too small to be observed with naked eye, include bacteria, fungi, algae and protozoa and the infectious agents at the borderline of life that are called viruses.
• However, a few members of some microbial groups like algae and fungi are clearly visible without the aid of microscope.
• It is concerned with their form, structure, reproduction, physiology, metabolism and classification. It includes the study of their distribution in nature, their relationship to each other and other living organisms, their effects on human beings and on other animals and plants, their abilities to make physical and chemical changes in our environment and their reactions to physical and chemical agents.
• Most microorganisms are unicellular in which all the life processes are performed by a single cell. All living cells contain protoplasm which is a colloidal organic complex consisting of largely proteins, lipids and nucleic acids.
• The major groups of microorganisms include Prokaryotic and Eukaryotic microorganisms.

Important Points to Remember

• The term Biochemistry (biosG = life) was first introduced by a German chemist Carl Neuberg in 1903. Biochemistry may be defined as a science concerned with the chemical nature and chemical behavior of the living matter.
• Major organic molecules present in the living beings are: carbohydrates, proteins (of course, including enzymes), lipids and nucleic acids.
• Carbohydrates are the most abundant organic molecules in nature. They are primarily composed of the elements carbon, hydrogen and oxygen.
• The name carbohydrate literally means ‘hydrates of carbon’. The simplest carbohydrates are the monosaccharides that have the general formula (CH2O)n where n is 3 or more.
• Carbohydrates may be defined as polyhydroxyaldehydes or ketones or compounds which produce them on hydrolysis. The term ‘sugar’ is applied to carbohydrates soluble in water and sweet to taste.

Important Points to Remember

ROSE

• Botanical name: Rosa spp.
• Family: Rosaceae
• 2n = 14
• Origin: North Hemisphere (Himalyas)
• Flower colour: Red (commonly)

Important Points to Remember

Cauliflower

• Botanical name: Brassica oleraceae var. botrytis
• Family: Crucifereae
• 2n = 18
• Type of vegetable: Leafy vegetable
• Origin: Mediterranean region

Important Points to Remember

Apple

• Botanical name: Malus x domestica Borkh.
• Family: Rosaceae
• 2n: 34
• Origin: Asia Minor to Western Himalayas

Important Points to Remember

• Statistics is a branch of mathematics that deals with the data collection, examination, description, and display of numerical data masses.
• Statistics is used in various aspects of life, like in robotics, data science, business, weather forecasting, sports, and much more.
• An ambiguous term. It often denotes the arithmetic mean, but it can also denote the median, the mode, the geometric mean, and weighted means, among other things. Beware if something reports “the average” without making it clear which average.
• The geometric mean of n numbers {x1, x2, x3, …, xn} is the nth root of their product: (x1×x2×x3× … ×xn)^1/n.
• The samples are one of the sub-set of the population, whereas a population is an overall set of things or individuals of a specified group.

Important Points

• A farmer with limited funds may operate in a range of increasing returns to capital is however, not an irrational producer.
• A firm is a particular business firm.
• A higher rate of accumulation of capital relative to the rate of population growth adds to the real stock of capital of a nation.
• A profit maximizing farmer will maximize the output for given level of outlay.
• An isolation curve is negatively inclined.

Important Points to Remember

• The word ‘Extension’ is derived from Latin roots ‘ex’ and ‘tensio’.
• The use of the term ‘Extension’ originated in England in 1866 with a system of University extension which was taken up first by Cambridge and then Oxford Universities.
• James Stuart is considered as father of University Extension.
• Dr. K.N. Singh is known as father of Extension in India.
• Agricultural extension operates within a broader knowledge system that includes research and agricultural education.

Important Points

Factors for Insects Abundance

• More number of species: In the animal kingdom more than 85 per cent of the species belongs to insect group. Total number of insects described so far is more than 9 lakhs.
• Large number of individuals in a single species: e.g., Locust swarm comprising of 109 number of individuals, occupying large area.
• Great variety of habitats: Insects thrive well under varied conditions.
• Long geological history: Insects were known to occupy this earth for more than 350 million years, which is a good track record. This has given the insects’ great variety of adoptions under different conditions.

Important Points to be Remember

• Father of Indian plant pathology – E.J.Butler
• Father of Plant virology – Beijerinck
• Wheat rust is associated with Indian scientist – K.C.Mehta
• Kresek phase of rice is due to – Bacterial leaf blight
• Bakanae disease of rice is also known as – Foot rot and Foolish seedling disease

Important Points to be Remember

• Lysosome was discovered by – Duve (1955)
• The term chromosome was first named by – Waldayer
• Power house of the cell – Mitochondria
• Two lines different for a single locus is called – Isogenic line
• Ploidy level in seeds – Embryo – 2n, Endosperm – 3n

Important Points to be Remember

• Total number of essential nutrient elements required for plant growth -17
• Man made cereal – Triticale
• Father of India’s green revolution – Dr M.S. Swaminathan
• Na, Ve, Ni, Si, Co, Se and I - Beneficial nutrients
• Is added to prevent nitrogen losses from FYM decomposition-SSP

Important Points to Remember

• The active factor of soil formation is : Climate
• Black soils (Vertisols) are formed mainly from the weathering of: Basalts
• Which soils have the highest cation exchange capacity : Black soils
• Plants wilt when soil water content goes below: 15 bar
• Available phosphorus in fertilizer is the fraction: Water soluble + Citrate soluble P

Urbanization, industrialization, and economic growth in India have all led to an increase in the generation of municipal solid waste (MSW) by a number of urban local bodies (ULBs). In cities with high population densities, SWM is a significant difficulty. Being a diverse country with a wide range of religious communities, customs, and traditions like India makes it more challenging to accomplish sustainable development in a country that is rapidly industrialising and improving its standard of living. Although there have been substantial changes in the social, economic, and environmental spheres, India’s SWM systems have mostly remained the same. Currently, 90% of residual waste is thrown in the informal sector rather than properly disposed of. To make SWM more sustainable, new management practises and disposal sites are needed. The inefficiency of the current waste management systems has a detrimental effect on the economy, the environment, and public health. The Ministry of Environment and Forests of India introduced regulations for garbage treatment, although there is irregular and insufficient compliance.

5.1 Waste Treatment and Disposal

Source reduction and feeding the hungry are significant considerations for decreasing avoidable food waste. However, non-edible wastes like livestock manure, agricultural wastes, and unusable food wastes are also classified as organic wastes. The environment and general public’s health may be seriously endangered by improper treatment of these wastes. Wastes can contaminate surface and ground waterways by runoff or leaching if they contain pathogens, chemicals, antibiotics, and nutrients. The breakdown of organic waste also results in the production of methane. As is well known, methane is a powerful greenhouse gas that captures more heat into the atmosphere than carbon dioxide. It is possible to remove organic waste and turn it into biogas, a sustainable energy source that can be utilised to reduce greenhouse gas emissions and the likelihood of stream pollution. Further emission reductions are made possible by replacing fossil fuels with biogas, sometimes leading to carbon-negative systems.

4.1 Biomass Energy Resource

Among the various methods for producing electricity, biomass is one of the most common. This method uses animal waste, wood pellets, etc. to produce electricity. The use of biomass energy has proven beneficial over time and has the potential to be both reliable and consistent as an alternative energy source.

Organic matter is simply referred to as biomass. Or, to put it another way, biomass is anything living or ever living, including animal waste, crop waste, garden trash, etc. As a result, biomass renewable energy is the energy produced during the use of biomass. Biomass derives and stores its energy from the sun, which is absorbed by plants through a process known as photosynthesis. Plants contain chemical energy that is passed to animals and then eaten by people. Various plant and animal products, including sugarcane, corn crops, wood chips, and even dung, can be utilised. These substances, also referred to as feedstocks, are converted into a biomass fuel.

Wastewater is defined as water that has been altered by certain substances, resulting in changes in its physical, chemical, or biological properties. These changes render it unfit for certain uses, such as the purpose of drinking. Since almost all of man’s daily activities are dependent on water, therefore ‘waste’ is discharged into the surroundings as a result of these actions. There are a number of substances that can be harmful to the environment and make people sick, including chemicals, detergents, household cleaners, dirt, microorganisms (germs), and body wastes. The water supply generates a great deal of wastewater, so it is essential that it is treated in order to reduce the amount of waste that it generates. Essentially, wastewater treatment ensures that a healthy environment is created and public health is protected by removing the majority of pollutants found in wastewater through the treatment process. Consequently, wastewater management plays an important role in protecting the planet, and public and economic health, as well as social, economic, and political stability.

The basic methods for wastewater sewerage (collection, treatment, and disposal) are as follows:

• Off-site sewerage
• Separate sewerage system
• Combined sewerage system
• On-site sewerage

Many nations have implemented separate sewage systems that transmit sewage and storm water through separate pipelines in order to separate the two. Storm water often does not contribute to a wastewater treatment facility (WWTP). Domestic sewage contains 99.9% or more water. The remaining portion is made up of bacteria

Industrial waste can be solid, liquid, or gaseous in type and is generated by industrial activities throughout a manufacturing process. Depending on its nature, it can be hazardous or non-hazardous. It is important to note that hazardous wastes can be ignitable, toxic, reactive, corrosive, or radioactive and can pose a threat to the environment. Industrial waste includes, among other things, paints, concrete, paper goods, sandpaper, metals and chemical solvents. Most industries face a significant problem associated with the disposal of waste. Due to the significant expenses involved, it is not feasible to collect and treat all of the waste due to the sizeable volume of waste produced by numerous businesses. As a result, especially in developing nations, the majority of industrial wastes are illegally deposited on wastelands like deserted fields

Human breast cancer (HBC) is a common malady concomitant with a massive death rate throughout the world. It has been reported that around 1.7 million women are globally identified with breast neoplasia, and out of this, half a million female dies from this terrible disease (Torre et al., 2015). Due to the shocking impacts of breast cancer, prevention, and therapeutic interventions have become a priority-based objective for many researchers to understand the biology of breast cancer disease during its progression and development.

CMTs can be classified on the basis of morphologic features, tissue of origin (epithelial, myoepithelial or mesenchymal tissue) or prognosis. The World Health Organization (WHO) classification of canine and feline mammary tumors has categorized CMT into three major categories i) malignant, ii) benign and iii) unclassified tumors. On the basis of histological characteristics, the mammary tumors have been classified into fibroadenomas, adenomas, solid carcinomas (with transformed epithelial cells), tubular adenocarcinomas (with tubule like arrangements), papillary adenocarcinomas (having papillary like projections), anaplastic carcinomas (with highly pleomorphic cells), sarcomas (involvement of connective tissue) and malignant tumors (Fig. 2). Fibroadenomas and adenomas are the types of benign mammary tumors the former contains some connective tissues component in between, and carcinomas, adenocarcinomas and sarcomas come under malignant tumors.

Mammary tumors are either of benign or malignant types. Benign tumors are defined as mass or lump of cells unable to invade the neighboring tissue/ organ and less likely to re-grow after removal. However, malignant tumors are the tumors which have the ability to invade other tissues/ organs and tend to re-grow even after surgical removal. Malignant tumors grow at faster rate as compared to benign tumors. Nearly, 40-50% of canine mammary tumors (CMTs) are malignant.

Canine domestication is an age-old practice which started with guard for humans and other animals, dogs being the favorite companion animals. They have many positive social effects on lives of their owners including enhanced emotional sense and companionship and even reduction of anxiety and mental disorders. Though dogs have proven good for human health, it should be kept in mind that are prone to many disorders and infectious diseases. Healthy life of dogs is attributed to healthy lifestyle, good feeding practices and regular medical care. In addition, an equally important practice is vaccination. Since dogs live in close proximity to human beings and their environment, regular check on their immunity becomes essential, especially when kept as indoor pets. Their illnesses vary from minor issues like dental tartar to fatal diseases like tumors and rabies. Depending upon lifestyle patterns and subsequent body parameters, many predisposing factors increases the susceptibility of dogs to various diseases.

An Entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. An Entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services and business procedures. Entrepreneurship plays a key role in any economy by using the skills and initiative necessary to anticipate needs and bringing good new ideas to market.

The term “entrepreneur” was coined in America in the late 70’s. A few executives of major corporations in the United States left their jobs to start their own small businesses because the top executives in these companies were not accepting new ideas. Managers who have become entrepreneurs find amazing success in their new businesses. Some of them were dangerous to companies they left a few years ago. This type of businessman came to be known as entrepreneurs. Such a brain drain is a global phenomenon and is not limited to the United States. Industrialists around the world began designing routes and suspending the flight of their most prominent officers. In 1976 Norman Macras wrote to the London Economist that large successful companies should become ‘business partners’’.

An entrepreneur has a wide range of options regarding his or her project in various fields such as product / service, market, technology, equipment, production scale, time division and location. Therefore, the identification of investment opportunities (projects) requires an understanding of one’s work environment, potential investment sensitivity, a hypothetical analysis of various factors and the probability of luck. This chapter deals with the evaluation and evaluation of project ideas, the steps of the project identification process and the consideration of involvement in the identification of new projects by an existing company.

Entrepreneurial climate depends on the existing economic system. Existing social and political establishment and existing economic policies of Government determine the economic system. Entrepreneurial development is largely due to the existence of this economic system. Business development functioning as a new component, economic structure and economic transformation. The economic system varies from country to country, so the business development process varies.