Abstract

Islami Bank Bangladesh Limited (IBBL) has introduced “Rural Development Scheme” in 1995 to cater to the investment needs of the agriculture and rural sector of the country to create opportunity for employment and raising income of the rural people. The authority of RDS should increase the size of investment in order to cope with the change in value of currency because of inflation and other economic reasons. RDS should project their volume of activities for future; then all parties involving in managing RDS should be assigned and held responsible for the job assigned at the beginning of the year. In this research paper examines the performance of RDS should be subject to Balanced Score Card System. RDS with its differentiated features can lock more market share in the country if it comes out with more generous policy like selection of people not on religions basis.

Highlights

  • This study showed that the percentage of the hard core poor in the rural population decreased from 42% to 24% between 1987-1990, showing the dynamic nature of poverty (Sen, 1995).In addition, they found that the majority of the most poor (84%) were either landless or functionally landless

  • For the purpose of the study, data have been collected both from the primary and secondary sources. (a)Primary sources of data: I discussed with the executives & officials of the Islami Bank Bangladesh Limited (IBBL) and found the approximate data which have been presented in the research

  • The study have been conducted through the assistance International Banking Wing (IBW), Head Office of IBBL as per their monitoring /

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Summary

Introduction

The vast human resources have remained unutilized due to lack of education, proper training and concerted efforts to help grow the rural economy It results in uneven distribution of income which causes serious setback in balanced geographical growth as well as growth of GDP. A Scheme in the name and style of 'Rural Development Scheme' has been introduced in 1995 to cater to the investment needs of the agriculture and rural sector to create opportunity for generation of employment and raising income of the rural people with a view to alleviate poverty. It is treated as first Islamic Microfinance Model in the Country & abroad

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