RURAL ECONOMY, PRODUCTION CYCLE &MICRO-CREDIT ANALYSIS
PREPARED BY- Priyanka Barua (# 0821071)
Economy and “commerce changes the genius and fate of the nation”. It is the key to understand any country, region or locality’s over all scenario. In the modern world money is second god and economy gives us the power to understand and utilize the power of it. And that is why it is very important to understand the socio economic scenario of a country to know it properly. In case of Bangladesh, it is a country with population of about 162 millions with 75% of the population living still in rural areas. So we could say that to understand Bangladesh’ socio economy we have to understand the rural economy first. The main source of our national income comes from agriculture and agro based business which is the main livelihood of the most of people of agrarian Bangladesh. So agriculture is the base of our rural and then overall economy. That is why we have studied the production method and cycle of different kinds of crops in this chapter. Since Dr. Unus developed the concept of micro credit, that has vastly improved and utilized by this rural people to improve their life standard. And that is why we have tried to analyze the facts of micro credit as well.
OVERVIEW ON THE VILLAGE
If I had to choose one word to describe the village Dhonokandi economically, it has to be Diverse. The variety and ups and downs in the life standards and financial system has given us a lot of opportunity to think and evaluate. Through the course “LFE (Live in Field Experience)” we got the chance to experience of rural life by seeing & learning. On this great journey, we were assigned with the village named Dhonokandi from district Sylhet. It is under 4no Khadim Nagar Union, covering about 1 km square of area. Population is not more than 1000. And the main occupation of the villagers is Farming. And some of the used to be villagers now live in abroad. That is why besides agriculture, another source of income is foreign money therefore Remittance of the villager. Some people have shifted their occupation from traditional to modern demand work over the years; like mechanic, transport worker, tailor etc. The idea of micro credit has taken place in Dhonokandi as well. And for various purpose people take micro credit from different NGO’s. Rural people are so occupied in taking micro credit that for some of them it is hard to live without. So NGO’s like FIVDB or ASA or Grameen Bank plays a momentous role in rural life.
To identify the overall socio economy of the village Dhonokandi. To identify the wealth ranking of the village on the basis of their income level & living standard. To identify their income source.
To find out the relation between life standard wealth ranking. To focus on the life of agriculture through production cycle. To recognize the benefit a farmer gets or not from farming through “cost profit analysis”. To distinguish different aspects of rural economy.
To identify the functions of different NGOs.
To analyze the micro credit’s contribution.
As the data were collected on the basis of a sample respondent, it might not be true for the whole village. Limitations on time to collect data.
Communication gap between the villager and us.
Villagers’ ignorance of their own condition.
Difference between the rural measurements and standard measurements.
WEALTH RANKING ANALYSIS
In Dhonokandi village on their base of economy we have got to see a number of variety in their income level and source; therefore the wealth based class. The classes are,
The class with the highest income and purchasing power. This class people were at a medium level in our village. And one of the major sources of their income is remittance. 2.Upper Middle Class
The class lies between middle and rich class. Most of the villagers fall in this...