Advancements in the ICT sector have changed the world a lot, so innovation and skills development are now a must for the survival of startups in the small and medium.
Seventy four per cent of entrepreneurs of small and medium enterprises (SME) across eight divisions of Bangladesh were directly affected by corruption while doing business.
One significant dimension that has emerged in Bangladesh in recent decades is the expansion of small and medium enterprises (SMEs). The growth of SMEs, especially in the last one decade,.
The SME Foundation and the Think Big Solutions will work together to aware the entrepreneurs along with banks and financial institutions of that the small businesses can take collateral-free loans.
Small-scale enterprises of Chattogram are facing a crisis of capital in operating their business while banks have disbursed only 3.6 per cent of the loans allotted under a government stimulus.
The government should bring the informal sector small and medium enterprises under the formal structure so that the firms can get government support, said experts.