Microfinance and Enabling Environment Assessment for Subsector Development and Inclusive Growth

Authors: Syeda Khaleda*,
Topics: Human-Environment Geography
Keywords: Microfinance, poverty, agriculture subsector, development,employment.
Session Type: Paper
Day: 4/14/2018
Start / End Time: 4:00 PM / 5:40 PM
Room: Bayside B, Sheraton, 4th Floor
Presentation File: No File Uploaded

In Bangladesh, like many other developing countries, microfinance has been playing a vital role to achieve inclusive growth that promotes employment and create opportunities and expand access not only to financial services but also to education, health services to the poor. Microfinance generally provides small loans to poor people for employment generation activities, which also provides training, marketing and technology services, as well as sub-sector analysis and intervention. Generally, poor people develop agro-based farms utilizing their inherited homestead lands, who learn from their neighbors, friends, who also gain some advantages from their co-location. Thus several agro-based clusters develop in different districts. However, in a cluster, not all of the farms/actors are located in favorable environment, and as such, farmers are not equally profitable and benefited. But the Government and NGOs apply the same policy in providing support services to all, irrespective of their location. Government’s and NGOs’ maximum efforts and investments are required at unsuitable sites and minimum at suitable sites to help overcome constraints in the subsector. Consequently, regionalization is essential to gain an understanding of the difference in environmental constraints and profitability between sites in order to help the supporters to decide on the areas for preferable intervention. Thus to promote inclusive growth and for the sustainable development of an agriculture subsector, any development approach needs to be applied based on zonal farming suitability evaluation. Thus more social and geographical equity can be ensured and inclusive form of growth can be addressed in Government and NGOs policy.

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