Role of rural market on rural development: A case study of Phidim Rural Municipality Ward No.12, Panchthar

Abstract

This study entitled Role of Rural Market on Rural Development: A Case Study of Phidim Rural Municipality Ward No.12, Panchthar Nepal. This study was targeted to find out the problems and prospects of this periodic market for Rural Development. Data were collected through primary and secondary sources. The primary data were collected through field visit and secondary data were collected from various official sources and publications. The research design of this study was both exploratory and some analytical due to the nature and objectives of the study topic. Regarding these methods of research the sample size also determined, where 35 respondents were taken. To collect the data interview and observation method were adopted. The collected data were analysed through tabulation, average, percentage, bar diagram and pie chart. The limitation of this study was focused in the specific area i.e. phidim municipality with limited time framework. It was found in four market, vegetables played a dominant role functioning centrality in each periodic markets. Most of the traders had very small amount of capital, all the shops were in open space, all the periodic markets were in dusty place and there were no any facility of Toilet, drinking water, sanitation and others. The existence of the periodic market is closely related to the needs of the society and not just the exchange of goods. The volume and number of periodic market is increasing day by day due to the increasing the size of population in the study area.