The Overall Contribution of Economic Development and Industrial G...

Continues for 19 more pages »
Read full document

The Overall Contribution of Economic Development and Industrial Growth Strategy Paper of the Small and Medium Enterprises in Bangladesh

By | July 2012
Page 1 of 20
The Overall Contribution of Economic Development and Industrial Growth Strategy Paper of the Small and Medium Enterprises in Bangladesh

Abstract

In Bangladesh the Small and Medium Enterprises (SMEs) account for about 43 percent of manufacturing value addition, 80 percent of industrial employment, 90 percent of total industrial units, about 25 percent of the total labour force and the make up 75 percent of the domestic economy. The project’s seeks to create an enabling environment that will allow for the sustainable development of SMEs, provision of business development and support services. The SME Policy strategies have been formulated to assist in the achievement of the goals and target the MGDs (2009-15) set by the Government. SME Foundation as a pivotal platform for the delivery of all planning, developmental, financing, awareness-raising, evaluation and advocacy services. The government and the non-government organizations in Bangladesh have initiated various programmes for the SME development in Bangladesh,such as :booster sector implemented by the government and various trade fair arranged by NGOs. There are various constraints that hinder the development of SMEs in Bangladesh, such as lack of modern technology,lack of adequate investments etc.The national economy on the SMEs for generating employment and income especially for the poor in the rural areas, development of entrepreneurship, new business creation and development of intersect oral linkages the SMEs should be declared as a ‘priority sector. This paper is an academic analysis toward policy formulation in respect of SME financing and development.

Keywords: SMEs, Policy strategies, SME Foundation, Government initiatives and NGOs financing, sustainable development

ACRONYMS

BDT Bangladesh Taka
BSTI Bangladesh Standards & Testing Institution BSCIC Bangladesh Small and Cottage Industries Corporation BEPZA...

Rate this document

What do you think about the quality of this document?

Share this document

Let your classmates know about this document and more at Studymode.com