Fish and Fisheries are the integral parts of riverine Bangladesh. Most of public water bodies are still under open access policy. Recently the Government of Bangladesh is trying to restrict open access by adopting Community Based Fisheries Management (CBFM) techniques. Government has involved NGOs to operate the CBFM as partner of local fisheries groups. Poor fishermen of Bangladesh are getting financial benefits from these projects. However the actual socio-economic benefits are yet to find out. It is also necessary to find out the legal and institutional gaps of CBFM for the future sustainability.