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Case Problem · Q1

Q.Inspiring feat: a daily-wage labourer turns entrepreneur. Lalmuni Devi, a forty-five-year-old landless woman from a village on the outskirts of Patna in Bihar, was working as a daily-wage labourer when she decided to take her destiny into her own hands. With encouragement from the Indian Council of Agricultural Research (ICAR) to take up mushroom farming as an alternative livelihood, she transformed herself into a successful mushroom farmer — today earning around ₹12,000 a year on an investment of only about ₹600. Her success was even recognised by an international website that grouped her among a set of inspirational farmers. Seeing her achievement, many other landless women in her village have taken up the same 'effortless' farming, which generates more profit than working in the scorching heat.
  1. What inspiring feat did Lalmuni Devi perform?
  2. Do you feel that you can also become an entrepreneur? Elaborate.
  3. What qualities of an entrepreneur did Lalmuni Devi exhibit?
  4. What are the benefits and risks of becoming an entrepreneur, and how can you guard against the risks?

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The case shows how a landless daily-wage labourer became a successful small entrepreneur through mushroom farming, and asks you to reflect on the qualities and the risks involved.

In brief: Lalmuni Devi turned from a daily-wage labourer into a self-reliant mushroom farmer earning a steady income from a tiny investment (part 1); the case shows that anyone with initiative can become an entrepreneur (part 2); she displayed initiative, self-confidence, opportunity- …

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