Abstract: Electrification of the rural areas which are located far from the grid is comparatively more expensive due to the high cost associated with power transmission. Renewable energy-based hybrid micro-grid systems can be a cost-effective method for the supply of electricity in these remote areas. This study aims at assessing the technical and economic viability of a hybrid micro-grid system for rural areas of Bangladesh. A hybrid microgrid system consisting of PV solar cells, wind turbine, and Diesel Generator has been designed for remote regions of Kuakata, Patuakhali. A combination of different technologies capable of generating electricity has been used to ensure the reliable and continuous supply of electrical power. HOMER, a simulation software, has been used for optimizing multiple energy sources to maintain an uninterrupted supply of power in a cost-effective way. Finally, cost analysis and consistency checking have been done by another simulation software called RETScreen.