Page 65 - November 2020

Small Medium Enterprise

MSME

Funding

An Urgent

Necessity

By Amarta Galib Chowdhury

What are MSMEs

MSMEs are business enterprises who’s employees and
assets remain under certain limits. Around the world,
B MSMEs in the manufacturing and service sectors include different
MSMEs outnumber large businesses, and these enterprises
are vital for economic growth, employment and sustainability.
Bangladesh ranks as the eighth-most
criteria. National Industrial Policy of 2016 defines MSMEs:
populous country in the world. At
various times, policymakers and
statemen have argued that this
considerable population actually can
benefit the country if their strength Micro Industry Small Industry Medium Industry
Manufacturing sector:
Manufacturing
Manufacturing sector:
can be utilized. Micro, small and sector: Fixed asset Fixed asset valued Fixed asset valued
medium enterprises (MSMEs) can be a valued between Tk1 between Tk7.5 to between Tk150 to
way to fulfil that goal. These to Tk7.5 million, Tk150 million, Tk500 million,
enterprises can ensure proper excluding land and excluding land and excluding land and
utilization of our population and an building. The building. The building. The
increase in employment, workforce is to be workforce is to be workforce is to be
wealth and livelihood quality. between 16 and 30 between 31 and 120 between 121 and 300
But how are the MSMEs doing in this persons or below. persons. Service persons. Service sector:
country? Especially after the recent Service sector: Fixed sector: Fixed asset Fixed asset value of
COVID-19 pandemic? Various reports asset value of less value of less than Tk1 less than Tk20 to
and surveys indicate that these than Tk1 million. The to Tk20 million. The Tk300 million. The
enterprises are suffering from severe workforce is to be 15 workforce is to be workforce is to be
financial drawbacks. Let’s have a look. persons or less. 16-50 persons. 51-120 persons.

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