Role Of NGOs In Poverty Alleviation And Mitigation Of COVID-19
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Added on 2022-01-19
Role Of NGOs In Poverty Alleviation And Mitigation Of COVID-19
Added on 2022-01-19
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Role Of NGOs In Poverty Alleviation And Mitigation Of COVID-19 In Bangladesh Bangladesh is beset with multifold problems due to poverty. Albeit the Government and Non – Government Organizations are playing important role for effective change in the socio-economic development of the country. Poverty is a constant companion of most of the people of Bangladesh due to some specific reasons for whichthe richare becoming more rich andthe poor are becoming poorer .Bangladesh formerly known and East Pakistan won its independence on December 16, 1971 after a long blood-shedand bitterstruggle against Pakistan. Bangladesh is considered as one of the poorest countriesin the world, faces three major crises namely economically, politically and environmentally. The economy of Bangladesh is predominantly agrarian.But scientific method of cultivation is notyetintroduced. On the other hand, the cultivable lands are decreasing due to river erosion and new building construction.So our agricultural sectoris in the face of threat which is a negative effect in our economy. Political instability is another cause of Poverty. Since the independence of Bangladesh in 1971, political instability and corruption were increasing monotonically which are the major causes of poverty. But it is a matter of great pleasure that the presentgovernment is tryingbest to remove corruption. Environmentally there is a widespread forest destruction and environmental degradation, which causes natural disaster. So the government itself can’t remove poverty from the society. Because maximum people’s support is necessary. Therefore the role of NGO’s is inevitable for the planned development of any country. Accordingly, a lot of NGO’s are working simultaneously in the country. NGO is an association ofpersons formedthrough the personal initiatives of a few committed persons dedicated to the design, study and implementationof development projectsat the grass-root level . They work outsidegovernment structure but operatewithin thelegal framework of the country andtheir target population are the rural poor. In Bangladesh different kinds of NGO’s are workingpositively for poverty reduction and socio-economic development. At present, about 56 million of peopleare living below the poverty line and30 million are hard core poor and in extreme poverty. Poverty reduction and implementation of livelihood of the poorest of the poorhas always been one of the majorgoals of all development Definition Of Micro Finance: Micro finance mostly refers micro credit system. The term micro finance encompasses various aspects like micro microloans, micro-savings, and micro insurance. This thing comes under the micro finance umbrella. The poor and disadvantaged cannot maintain their livelihood without credit or money. Micro finance provide credit, small loans with small rate of interest and referredprovision to return the loan with valued activity along with the definite amount of interest. Micro finance regenerates the self-employment activity by this small credit. The rural lower economic background people cannot match pace with traditional banking process and
loan with big interest as well. the banking institutions extended their various financial service in microformation.TheCanadianInternationalDevelopmentAgency(CIDA)defines microfinance as, “the provision of a broad range of financial services to poor, low income households and micro-enterprises usually lacking access to formal financial institutions.It renders small kind financial service which can assist the poor people and their situation immediately. The services conducted by these institutions without any collateral.Micro finance is to contribute micro credit to people living in absolute poverty and has no reach to the conservative and formal financial banking system. It acts as an aid to engage them in productive employment service and grow their own businesses. Micro finance targeted on availing the credit in a standard manner. Micro financial schemes and capital plays high spirited role in increasing employment and entrepreneurship in economic activities and decision making. Prevailing Micro credit : Money begets money, Adam smith in his famous book ‘Wealth of Nations’ said “When you have got little, it is often easy to get more”. The great difficult thing is to get that little. Micro-credit is a small loan that is given to the poor for self-employment. Micro-credit through institutional arrangementisarecentinnovationforpovertyreductionamongthepoor.Nowaday, Bangladesh is called the land of Micro-credit revolution. Really Porf. Dr. Akter Hamid Khan is the first innovator of Micro-credit in Bangladesh. Afterwards Noble Laureate Prof. Dr. Yunus developed it elaborately. In the micro-credit system, service holders/providers go to the doorsteps of the poor based on the principle that the people should not go to the bank rather than bank should go to the people. Micro-credit and Poverty alleviation: The main objective of micro-credit is to create income of poor households and thereby alleviate poverty. Micro-credit leads to the improvement of income. The Ex-Secretary General of UN Kofi Anan opined that eradicating poverty is perhaps the greatest Global Challenge. Out of 6 billion population in the world, 2.8 billion live or less than two dollars income a day. Out of which 1.2 billion people live in Asia and 30 million in Africa. Micro-credit programs in these region show that it’s a strong weapon. More than 64 million of the world poorest people have taken part in the past ten years in micro-finance projects with the purpose of coming out of the vicious circle of poverty and of the hard core people of Bangladesh too. Micro-credit plays a significant positive role in improving rural women of Bangladesh. Through their involvement in micro-credit, many women have become leaders, instigating change in social practices and relationships and mobilizing social action. Women status, both in their homes and communities is improved when they are responsible for loans and for managing savings. When they generate and control their own income women gain a level of power that means they can make decision independently.
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