It is entrepreneurship that propels the development of mankind in every form and focus. It involves the process of transforming creative ideas into commercially viable business opportunities. Successful entrepreneurship is a cohesive process of creativity, risk taking, and planning. Germination of entrepreneurship largely depends on the prevailing culture of the society. To develop a positive entrepreneurial culture in any country or any of its region or state, proper social, political, economical and physical infrastructural support is inevitable. Against this backdrop, the present paper is an attempt to evaluate the entrepreneurship development preparedness of Tripura in the milieu of Entrepreneurial Framework Conditions EFC as referred in the Global Entrepreneurship Monitor Report – 2002. Through analytical discussion, the present paper divulges that although continuous efforts are being exerted by the government to promote entrepreneurs in Tripura by conducting Entrepreneurship Development Programmes on a regular basis, the prevailing EFCs are not synchronized with efforts to bring the desired outcomes. As such, it is absolutely necessary to improve the EFCs of the state to sprout good-quality entrepreneurs in large numbers.