Abstract: Circular economy invents a new horizon to struggle with scarce natural
resources and environmental injury in Bangladesh. Circular Economy
can amplify the potentials of international trade of Bangladesh through
accelerated economic growth. Regardless of satisfactory growth,
Bangladesh has to struggle to achieve trade balance and sustainable
environment in near future. It requires a transition from traditional
system to circular system of production and consumption. In this
backdrop, the study aims at developing a model to show how circular
economy can accelerate international trade volume and bring trade
balance through the amplification of economic growth. Following the
inductive reasoning approach with critical review of empirical literature,
the study arrives at a model which explains how trade can be accelerated
with trade balance through economic growth owing to the transition to
circulation economy. It concludes with the recommendation of
preferential trade policy, government intervention, and international
cooperation.
Abstract: The growth of the Indian economy depends critically on the rise of the
non-corporate business sector. The Non-Corporate Small Business Sector
(NCSBS), which is the kamadhenu (job-intensive) but credit-starved
sector of our economy, is the main source of the issue. 128 million
employment and millions of rural and semi-urban entrepreneurs are
produced by these 58 million non-formal micro businesses. The
performance of this industry directly impacts the national economy. Two-
thirds of these facilities are administered by Scheduled Castes, Scheduled
Tribes, and Other Backward Classes. Banks, however, only supply 4% of
the credit required by this sector. The majority of this sector lacks access
to formal funding sources.
The Government of India established Micro Units Development &
Refinance Agency Ltd. (MUDRA) in order to satisfy the needs of the
NCSBS segment, sometimes referred to as the informal sector, and
integrate them into the financial system. It will be established as a
branch of SIDBI, an organisation that has spent the past 25 years
supporting India's small-scale industries. It was established as an apex
refinancer and serves as a regulator for "Micro Finance Institutions
(MFIs)" for the benefit and development of the micro- and small-business
sector. 5.75 crore small business units in India would receive services
from the MUDRA bank, many of whom are now unable to obtain loans
through the traditional banking system.
The purpose of the paper is to draw attention to the MUDRA Yojana, a
cutting-edge financial system that has the potential to drastically alter
the Indian economy. MUDRA Bank seeks to support micro and small
businesses in India through refinancing, aid with development, and
financial inclusion of the missing middle.
Abstract: BOOK REVIEW: Zia Rahman & Monirul Islam
Published by: The University Press Limited (UPL);
R H Home Centre, Suite 224-239, Level 2, 74/B/1 Green Rd, Dhaka 1215, Bangladesh
ISBN: 978-9-84-506288-6
Pages in Book: 254
Year: 2023
700.00 BDT