Sustainable Rural Development in Bangladesh Through Green Entrepreneurship: Challenges and Ways Forward

Abstract

Although entrepreneurship is an integral component of capitalism, it would be incorrect to view entrepreneurial activities as inherently detrimental to rural development. Studies suggest that entrepreneurship can play a vital role in revitalizing rural areas by creating socioeconomic opportunities. However, sustainable rural development (SRD) presents a different perspective. It emphasizes not only the advancement of rural communities but also simultaneous protection of the environment. In this context, green entrepreneurship can be a key tool that focuses on creating opportunities through innovative initiatives such as sustainable agriculture, renewable energy projects, ecotourism, local handicrafts based on natural materials, and thus reduce environmental and social problems. However, these initiatives are crucial for rural livelihoods who are mainly dependent on nature. In this backdrop this study tries to identify the links and impact of green entrepreneurship towards SRD in Bangladesh applying mainly a qualitative method. A number of existing literature was reviewed, and some Key Informant Interviews (KII) were conducted for the purpose. The analysis is further extended to explore the challenges of green entrepreneurship towards SRD in Bangladesh as well as the  ways forward. It is hoped that the findings may contribute to the  policy as well as others concerned in Bangladesh.