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Small businesses pin hopes on budget to stay afloat
UNB
29th April, 2021 03:54:26
Hit hard again, this time by the second wave of the Covid-19 pandemic, Bangladesh s small and medium enterprises (SMEs) are now pinning hopes on the upcoming budget to stay afloat. Not to mention that the survival of these firms is important as they are one of the major employers in the country s economy.
Ranging from short-term liquidity and tax cuts to simple compliance for availing loans and extension of debt repayment periods by at least two years, these enterprises seek an array of relief from the government to tide over the economic crisis. These leeways to SMEs, entrepreneurs say, will not only help the sector survive but also ensure preservation of jobs.
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