Over 21 million chronically hungry people in Bangladesh and the international financial crisis from the fallout of the Price due to join them, bringing a 40-year high figure, he said, recently released UNICEF report. The poor, who are carrying the brunt of economic problems, the government desperately for food, health care and education on the need to spend more to alleviate the crisis.
Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka - UNICEF report, the economic crisis is affecting women and children in eight South Asian countries has been highlighted. Price increases as the double face of the poor and reduces their purchasing power and employment opportunities in the international financial crisis, cumulative effects of two factors - Price increase in July 2008 and started in 2007 and the financial crisis - push people below the poverty line for a large number. The purchasing power of the problem is more acute than in other Asian countries to work as a financial crisis has cost less than the number. The cloud of the poverty status of the report is how meaningful.
The government claims that a series of countless steps was to reduce poverty. The program is not without a lot of work on micro-credit operations. Micro - Finance is a powerful tool for poverty reduction. The micro-credit operations are still associated with the mainstream economy. Informal economy should be a part of the start up. Micro-loans to micro finance operations from the farm sector needs to be expanded to offset food shortages. Nevertheless, the use of micro-credit and government anti-poverty initiative, private enterprise could prove useful.
Micro-credit is not a panacea for poverty eradication. For example, there is no panacea. The micro-credit, poverty alleviation is one of the most effective tools. Moreover, of course there are other tools. It may prove more effective micro-credit by itself has now. Several micro-credit program work with NGOs. That they do not become the poor solvent, but the poor progress in their coverage. Bangladesh is a country of 140 million, and the majority of the poor.
Today, the world's largest micro-credit programs, and the Government of Bangladesh in the year 2015 to provide a plan for halving the number of people living in poverty has been a significant component of micro-credit. When the micro-credit is a significant impact on the lives of millions of Bangladeshis home, millions more will have been reached, and the research evidence that approximately 12 million persons, or 2.5 million families in Bangladesh, the poorest of the poor to be considered, it is the traditional micro-credit program Close out. Disadvantaged people in Bangladesh, as elsewhere in the world, is easily trapped in a vicious cycle of poverty. Income from land and little or no education than those who do find work, bring up healthy families, and economic downturns weathering the tougher obstacles encountered. Women, lacking social and legal rights, and traditionally less than half the male wage rate and income, are especially vulnerable. Cows, fattening pottery, and small hotels, but without the start-up money, such as poultry farming Markets, milk production, small business, as the shop of Appeals for the country exists, it is almost impossible for the poor to establish small businesses
The lack of collateral, and at only a small amount of a loan from one of the poor in major national and private bank loans to be considered for most of the non render. In desperation to get out of poverty and create opportunities for them, of "Mahajans" (unofficial money lenders), the additional interest rate loans, often exceeding 120 percent per annum from a lot of snow. Even if they receive such credit, literacy, skills, and knowledge of people with low levels of high risk of defaulting on their loans to run their business. In parallel, they are often given, that is, for example, the only piece of land they own, pushing them deep in poverty may be lost.
Micro-credit to poor people to overcome the obstacles and the millions of lives have been improved to allow. Through such programs, loans and training to people who do not and have been involved, and the small scale entrepreneurs in their activities and to help create employment for the poor. Most borrowers are women. Grameen Bank remains the largest provider of micro-credit in Bangladesh.
Micro-credit, it was time to return the control of an authority. The body also needs to streamline its operations. The micro-credit for rural people, who are present in most of the desired effect; loan rate will be readjusted downward significantly.
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