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Sme in Bangladesh

In: Business and Management

Submitted By rafiulrafi
Words 5315
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OVERVIEW
Small and medium enterprises (SMEs) occupy unique position in most of the countries especially in a developing country. They are a primary target for many countries desiring to stimulate economic growth and development. The SMEs sub-sector plays an increasingly dominant role in the technology assimilation and dissemination and in economic development in Bangladesh as well. In Bangladesh, SMEs playing a significant role for the development of our economy by creating employment opportunity and producing important alternative machines and machinery parts for saving huge foreign currency for our country. So as a part of our development strategy, we should intensify our efforts to develop this sector to grow industrial base and volume of foreign trade. As we know the in this age of globalization, it is impossible to stop the flow of foreign goods to any country. Only quality products can meet the challenges in global market. For meeting this situation SMEs need to upgrade their technological capabilities and production facilities in order to produce quality products at a competitive price.

DEFINITION
Small and medium enterprises or small and medium-sized enterprises (also: Small and Medium-sized Enterprises; acronym in the plural: SMEs; small and medium businesses or small and medium-sized businesses, acronym: SMBs; and variations thereof) are companies whose headcount or turnover falls below certain limits.
Enterprises Fixed Capital Investment Employees
Small ≤Tk.100,000 ≤50
Medium Tk.100 to 300 million 51-99

Regulations of Bangladesh Bank for Small Enterprises-
 Private entity with less than 60 employees for the Manufacturing Sector
 30 employees for the Service Sector
 20 employees for the Trade Sector
Service Sector: Total Assets (excluding lands and buildings) between Tk.50, 000 and 3 million
Trade Sector: Total Assets (excluding lands

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