USE AND IMPACT OF REMITTANCE IN RURAL ECONOMY: A MICRO LEVEL STUDY ON SELECTED VILLAGES UNDER FARIDPUR DISTRICT OF BANGLADESH
DOI:
https://doi.org/10.53808/KUS.2010.10.1and2.0907-SKeywords:
Remittance, purchasing power, investment, rural economyAbstract
Remittance offers a feedback against vulnerabilities of the rural households of various income groups. It ensures a regular flow of income to meet consumption expenditures and security needs for the struggling families of the remitters. This study attempts (i) to sketch the uses of remittance and (ii) to explore the resultant impacts of remittance on the rural area. It investigates two villages of Faridpur district of Bangladesh to address these two issues. The study finds that remittance mostly serves as the basis of consumption expenditure, house construction and protection against natural adversities apart from investment in direct productive purposes. Consequent impacts of this using pattern give birth to increase purchasing power of the rural households, development of local hats and bazaars and increased land value.
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