Group Name: The Corporate
| ID No.
| Md. Saiful Islam
| Lenin Azad Polash
| Khadija Akter
| Md. Whahiduzzaman Robin
| Anwar Hossain
| Fahmida Ahmad
| Rafiul Islam Chowdhury
| Syeda Dilruba Mira
| Md. Asaduzzaman Shah (Group Leader)
| Md. Nazmul Hasan
Letter of Transmission
March 26, 2013
Department of management studies
Jagannath University, Dhaka.
Sub: Submission of Assignment in “Contribution of BSCIC in SME sectors”. Dear Madam,
We are very happy that we have been able to submit the assignment you have assigned to us. The assignment was to prepare the “Contribution of BSCIC in SME sectors” on the course named “Small & Medium Enterprises Management” as part of our academic activities. For the purpose of preparing the assignment we had to have an in-depth knowledge on BSCIC and SME. This was the first ever opportunity for us to gain proper understanding to SME and BSCIC in Small & Medium Enterprises Management. Thank you for giving us the opportunity to learn the real life practice & increase the knowledge on SME and BSCIC under the course named “Small & Medium Enterprises Management”. Sincerely Yours
: The Corporate
Department of Management Studies
Jagannath University, Dhaka
Table of Content
| Background of Bangladesh Small and Cottage Industry
| Definition of SME given by BSCIC
Area of concern
| Developing and Expansionary activities
| Controlling activities
Purposes and objectives
| Main Objectives
Contribution to Holding Company
Contribution of BSCIC in SME sectors
| On-Going projects
| Proposed Development projects
Small and medium enterprises (SMEs) have moved center-stage as a major plank of Bangladesh’s poverty reduction amid globalization. . This has not happened without thoughtful and purposeful re-positioning of policy mindset, service-delivery platform, skill set-upgrading and, above all, provisioning of political will. For the first time, the Government’s comprehensive Industrial Policy 2005 highlighted SMEs’ development as a flagship policy arena for balanced and sustainable industrial development in the country.
Highlights of data with a national scope pertinent to characterizing SMEs in Bangladesh as of 2005-2006 are as follows: (a) there are some 82,000 private-sector establishments with headcount of at least 10 in Bangladesh with some 3.8 million workers employed in them. The urban Bangladesh accounts for some 60% of units and 76% of employment in the private-sector enterprises. Rural Bangladesh accounts for the rest. 93.6% of all units in Bangladesh belong in the SME category, i.e. have between 10 and 99 employees. However, SMEs account for only 44% of the total employment of the enterprise sector. The number of establishments with between 1 and 9 workers is about 3.7 million. They account for some 14 million workers, working mostly in rural areas.
Employment size averages 19 workers for the small category. The corresponding average for the medium category is 66 workers. The gap between small and medium category in terms of average size is by more than a factor of three. The small needs to be sharply differentiated compared with the medium in terms of intrinsic vulnerability of the enterprise and the need for legitimate public assistance. This has not been systematically done in policy discourses in Bangladesh. The practice of putting ‘small’ and ‘medium’ enterprises in the same category questionable, especially in...
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