GRAMEEN BANK’S ROLE IN DECREASING POVERTY IN BANGLADESH THROUGH ENTREPRENEURSHIP CREATION: A CASE STUDY BASED ON POLITICAL ECONOMIC ANALYSIS
Keywords:
Grameen Bank, Poverty, Political Economy, Entrepreneurship, Low Income, Technological Innovation, Training, Human Capital, BeneficiariesAbstract
The study aims to assess the impact of a non–scheduled bank i.e., Grameen Bank’s role in poverty reduction in Bangladesh through entrepreneurship creation aligned with political economic analysis. As such research question is Whether Grameen Bank is helping in poverty reduction through creating entrepreneurship as aligned with political economy. The study is qualitative in nature and ten case studies were prepared based on field visits to five branches of Grameen Bank. Authors observed that Grameen Bank includes the arrangement of training which is not fully satisfied by the need-based as commented by the beneficiaries but its activities to offer capital to low-income business owners who were barred from the conventional banking system to access both credit and loan schemes. Authors suggested that Grameen bank’s micro-credit model needs to be modernized and new technological innovation and also need to address the poor communities’ current problem-solving method to align with political economy which is very much appreciable.
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