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Category Archives: SME

SMEs to get $200 m boost from ADB The government will sign on Wednesday a $200 million loan deal with the Asian Development Bank (ADB) for giving a further boost to the country’s Small and Medium Sized Enterprises (SMEs). ADB country director Kazuhiko Higuchi and ERD Secretary Kazi Shafiqul Azam will sign the agreement at the capital’s Economic Relations Division (ERD), according to an ERD release. Under ... Read More »

Over 70% SME loan goes to small entrepreneurs: BB Over 70.0 percent of money from the SME refinancing scheme had been disbursed to small entrepreneurs when more than 90.0 percent of the recipients of the loan were small investors, according to Bangladesh Bank (BB). Refuting media reports that the major portion of the SME loan was given to big borrowers, the central bank in a statement on Tuesday ... Read More »

ADB to provide $200mn for SMEs The Asian Development Bank (ADB) will provide $200 million in loans to small and medium-sized enterprises (SMEs) in rural Bangladesh to help them gain access to medium- to long-term credit. The credit facility will target in particular firms run by women, who are mostly engaged in subsistence trade and retail activities, and are typically less educated and have less ... Read More »

FBCCI demands SME loans at 9 pc interest The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) here on Wednesday urged the government to provide bank loans at 9 percent interest for the Small and Medium Enterprises (SME) sector. FBCCI came up with the urge at a views exchange programme on ‘Problems and Possibilities of SME Sector’, organised by the SME Standing Committee of FBCCI at ... Read More »

Less tax benefits hinder SME growth

    Small and medium enterprises are getting less tax benefit and concession compared to the large enterprises, putting a lid on the growth of SME business. The report states the SMEs are deprived of tax-related benefits which could help the firms reduce production cost and become competitive both locally and globally. The survey was conducted by Centre for Policy ... Read More »

GDP’s 30pc come from SMEs: Atiur Bangladesh Bank governor Dr Atiur Rahman on Saturday said successful micro small (MSMEs), and small and medium (SMEs) entrepreneurs will help Bangladesh emerge as a successful economy in the world. Describing SMEs and MSMEs as ‘key driving forces’ for Bangladesh’s economic development, the central bank governor said, “Bangladesh will set an example by emerging as a successful economy with ... Read More »

Raising industrial output in economy planned

Draft policy puts emphasis on boosting SMEs, pharma Jiban Islam, The Daily Observer  The draft of the National Industrial Policy 2015 has been prepared with an aim to increase the contribution to the national economy of the industrial sector to 40 per cent from 28 per cent by 2021. In the 2013-14 fiscal, the contribution was about 32 per cent. ... Read More »

Regional SME fair kicks off tomorrow in Rangpur

Rangpur Correspondent The three-day Regional SME Product Fair -2014-2015 kicks off here from tomorrow with a view to flourishing local small and medium enterprises (SME) for accelerating uplift and enhance economic growth. The fair is being organised by SME Foundation at Public Library ground to promote local SME sector, enhance production of quality SME products, exhibition and introduction of SME ... Read More »

BB’s SME credit policy likely to refocus on manufacturing The Bangladesh Bank is moving to restructure the small and medium enterprise (SME) credit policy to shift the focus on the manufacturing sector. According to sources at the central bank, the existing SME credit policy focuses on promotion of women entrepreneurs. The policy says at least 10 percent of the total SME loans is mandatory for female entrepreneurs. The ... Read More »

Seminar on sustainable SME dev held MSMEs have been globally considered as an engine of economic growth and as key instruments for promoting equitable development. The major advantage of the sector is its employment potential at low capital cost. The labour intensity of the MSME sector is much higher than that of large enterprises. Bangladesh is facing the challenge of attaining sustainable economic growth by ... Read More »