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Abstract
The term entrepreneur is a relatively new term and concept used in economic study. Because of its increasing significance in economic subject over the period it has become the catchphrase in the economic literature. However it has been defined differently by different writers and thinkers. An entrepreneur is an individual who, rather than working as an employee, founds and runs a small business, assuming all the risks and plunder of the venture. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services and business or actions. Rural entrepreneurs are those who carry out entrepreneurial activities by establishing industrial and business units in the rural sector of the economy. In other words, establishing industrial and business units in the rural areas refers to rural entrepreneurship. In simple words, rural entrepreneurship implies entrepreneurship emerging in rural areas. Or, say, rural entrepreneurship implies rural industrialization. Thus, we can say, entrepreneurship precedes industrialization.