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SME Foundation needs specific annual allocation
Say speakers at a webinar marking MSME Day 2021
Alternative financing needs to be provided to small businesses that account for one-fourth of the country’s total economy, experts say. Photo: Star
Star Business Report
Star Business Report
SME Foundation needs to be provided a specific budgetary allocation each year to ensure that entrepreneurs get easy access to finance, speakers told a webinar yesterday. To implement various plans, including the SME (small and medium enterprise) policy, a five-year strategic plan is required, said Managing Director Md Mafizur Rahman.
The webinar was jointly organised by SME Foundation and United Nations Industrial Development Organization (Unido) marking Micro, Small and Medium-sized Enterprises Day 2021 yesterday.
Brings back the joy of neighbourhood shopping through a short-film
28 Jun, 2021 - 08:18 AM IST | By indiantelevision.com Team
Mumbai: The COVID-19 crisis and the resultant containment measures have not impacted everyone in the same way. Among the private sector, Micro, Small, and Medium-sized Enterprises (MSMEs), especially those led by vulnerable groups such as women, youth, and economically deprived communities, suffered the most.
Micro, small and medium-sized enterprises account for a staggering 90 per cent of all businesses and over 50 per cent of jobs worldwide, as per estimates. They play a key role in stimulating economic growth and providing employment, particularly in developing countries like ours.
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