People are born to be entrepreneurs, not job seekers, says Yunus

He adds that the financial system should support those planning to become entrepreneurs

Chief Advisor Muhammad Yunus has said that people are not born to do jobs but to become entrepreneurs.

"Human beings are not born to do jobs; they are born to be entrepreneurs. Our financial system should be built in such a way that everyone gets the chance to become an entrepreneur," he said.

He made the remarks on Sunday at an event marking the inauguration of the new building of the Palli Karma-Sahayak Foundation (PKSF) according to state news agency Bangladesh Sangbad Sangstha (BSS).

Yunus said, "If we can create such a framework where people can start their own ventures and even if they want they can join as investors, then this change is possible.”

To move forward with this plan, he suggested experimental approaches to see what works and what does not, reports BSS.

In 1984, the World Bank proposed a project to alleviate poverty and increase employment in rural areas.

With the same goals in place, the Palli Karma-Sahayak Foundation was established in May 1990.

Yunus noted that PKSF’s initial mission had expanded over time, along with structural and policy-related challenges, particularly with the Microcredit Regulatory Authority (MRA).