LOCAL ECONOMIC DEVELOPMENT STRATEGY FOR SUSTAINABLE URBAN DEVELOPMENT IN INDIA by Narayanan Edadan, PhD
market and credit access; and establishing entrepreneur development centers and establishing business linkage fund;
LED Constraint and Strategy Matrix
• Promoting human resource development through technical skill development, encouraging social capital and networking for development participation; and • Improving the employment opportunities in the informal sector by creating enabling environments for organized vending activities.
Since in many cases, urban local governments have very limited capacity to address poverty reduction issues and to ensure inclusive urban growth processes, these efforts should be based on the national and state government poverty reduction frameworks. Support is needed to enable such communities, groups and individuals to invest their own skills and energies into economic development. To facilitate this, community investment programs are required that systematically build up community confidence and competence. Some of the important policy and management constraints that could impact the effectiveness and efficiency of implementing the various operational strategies are: regulatory environments, creation and maintenance of core physical and economic infrastructure, promoting social capital and social networks for effective participation of local communities, access to credit and market for micro enterprises/pro poor businesses. The relevant operational strategies to mitigate these risks are summarized in the LED constraint and strategy matrix.
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