This study investigates strategies to enhance the quality of life for riverbank communities in Rajshahi City, Bangladesh, situated along the Padma River. A comprehensive analysis of socioeconomic, environmental governance, and community aspects, the study identifies key challenges and opportunities. By paying attention to the natural resources and cultural heritage of the riverbanks, the endeavor seeks to foster socio-economic growth, environmental sustainability, and cultural preservation. Findings reveal pervasive socio-economic disparities, exacerbated by environmental degradation and governance shortcomings. The study also indicates that only 78% of inhabitants take the polio vaccine and the Body Mass Index shows 72% of people are under-weight. Despite these challenges, the study highlights community resilience, and the potential of grassroots initiatives to effect positive change. The study emphasizes the importance of integrated and participatory approaches to address the multifaceted issues facing riverbank communities. By prioritizing socio-economic equity, environmental sustainability, and community empowerment, it is possible to create inclusive and resilient communities along the riverbanks of Rajshahi City in Bangladesh. Through collaborative efforts including local stakeholders, governmental bodies, and non-profit organizations, the study creates opportunities for inclusive participation, enhances livelihoods, and promotes resilience against socio-economic challenges. The authors identify why these (River-bank people) cannot manage the sustainability of river ecosystems, health problems, and sustainable development, which advocates for a harmonious balance between social, economic, and environmental dimensions. Finally, a well-thought-out recommendation has been drafted by the authors.