Problems and Prospects of Cottage Industry in Khulna Division of Bangladesh: An Empirical Assessment
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 6
Abstract
A cottage industry, small scale industry where the creation of products and services is home based, rather than factory based, provides promising economic opportunities for the poor people. It can be big deal for the people belonging to the middle-income group through employment and income generation schemes all over the world. Specially, it makes a notable contribution towards economic development of low income generated and technologically underdeveloped countries like Bangladesh. In this backdrop, an attempt was made in the present study to examine the problem and prospects of the cottage industry in Bangladesh. In this study, both primary and secondary data for the period 2016 to 2017 were used. A well-structured questionnaire was developed to interview the respondents. The relevant data were collected from Kushtia and Jhenaidah districts under Khulna division, Bangladesh. While tackling the issue addressed in the study, 400 respondents (entrepreneurs and workers of cottage industry) were selected. The study was able to identify some major problems that the cottage industry in Bangladesh faced during the period under study. These problems were shortage of working capital, high cost of raw materials, lack of organizing capability, inadequate technology and efficiency, lack of policy support, great knowledge gap, lack of power supply, shortage of credit facilities, infrastructural problem, inadequate government support, low return from production, reduce customer demand, unable to face market competition, lack of social recognition and social status etc. Based on the findings of the study the researcher made a good number of recommendations for an all round development of cottage industry in Bangladesh.
Authors and Affiliations
Md. Taiebur Rahman, Dr. Dhanonjoy Kumar
Keywords
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- EP ID EP411330
- DOI 10.9790/487X-2006014552.
- Views 73
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