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Rural Economy Should Be Independent Economy: Muhammad Yunus, Nobel Laureate & Magsaysay Awardee

Muhammad Yunus, Founder, Grameen Bank in Bangladesh, Nobel Laureate and Magsaysay Awardee, at the #SwadesBuildingLivelihoods highlighted that the poor are outside the economic orbit and are referred to as informal sector. Mr Yunus said that the rural economy should be an independent economy and the people who are dismissed as the informal sector, are actually micro-entrepreneurs, as they do things on their own. He says that we should have a huge sector of micro-entrepreneurs and we should even have a ministry of micro-entrepreneurs.

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