Scope of self-employment in the rural economy of Bangladesh

Self-employment is a situation in which an individual works for himself or herself instead of working for an employer who pays a salary or a wage. A self-employed individual earns his/her income through conducting profitable operations from a trade or business that he/she operate directly. It is often said, rightly, that the main asset of the poor is their labor. Like other developing countries in the world, most of the workers of Bangladesh are self employed because they have no choice. In Bangladesh, 40.7 percent (25.5 percent in agriculture and 15. 2 percent in others) of labor forces are engaged in self-employment. Bangladesh is a developing country and per capita of this country is only 1602 USD/year 2017 and about 23.5 percent of the total population living below the poverty line (Bangladesh Eenomic Review, 2017) Moreover, the dismal cond is exacerbated by economic disparity and menacing unemployment problem. Over pop constraint of resources, low literacy rate, lack of infrastructural facilities, low income, low foreign investment, lay-off existing industries, natural disaster, political deadlock, lack of p management and organizational support have aggravated the problem. Yet, Bangladesh cod develop a sustainable strategy to solve the problems, especially in the rural areas. So, it is impossible for the government of Bangladesh to employ all the unemployed people. Thus, promoting self-employment in rural areas to solve the problem in a sustainable manner. Al the government of Bangladesh is implementing many self-employment and social safety programs to reduce poverty since independence, still the country is facing masa poverty government's policies and programs could not achieve optimum output despite allocating b amount of money for this purpose. The governance system in Bangladesh is very centralized. B is obvious that without the active support from local government, it is impossible to reduce pove and improve the socio economic development, because local government bodies are the closes institutions to the local people. Local government ensures active participation of the local pe with accountable and transparent manner to solve their own problems and needs. The potentiate of local government of Bangladesh have remained unutilized though it has a long history by natural that local government will understand the local context of problems better. Be unfortunately, they had not been effectively involved with those problems. It is strongly emphasi that promoting self-employment ensures good vision and pragmatic direction for the ecciem guarantees rational allocation of resources and their proper use in accelerating poverty reduction and economic development. Proper studies need to be carried out to provide analytical basis generation of self-employment in the rural area through local government, especially Line Parishad (UP) to accelerate poverty reduction strategies and to develop the socio-econom condition of the local poor in Bangladesh.