Small and Medium Enterprise in Bangladesh-Prospects and Challenges

mdalauddin89; Mustafa Manir Chowdhury

Authors

mdalauddin89
Mustafa Manir Chowdhury

Keywords:

SME, financing, industrial sector

Abstract

Small and medium-sized enterprises (SMEs) are the backbone of the national economy in Bangladesh. This sector is playing an important role to develop the economy of our country. The role of SMEs sector is immense to alleviate the poverty from the country as well. Small and Medium enterprises are particularly suitable for the densely populated countries like Bangladesh where SME sector can provide huge employment opportunity with much lower investment. They are expected to create jobs, reduce poverty, and drive a resilient national economy. The International Monetary Fund (IMF) Country Report (2012)1indicated that SMEs in Bangladesh accounted for more than 99% of private sector industrial establishments and created job opportunities for 70%-80% of the nonagricultural labor force. In the paper a questionnaire has been constructed and used SPSS 20 version software to analyze the data This paper is, therefore, an attempt to analyze various issues, prospects and challenges of financing this particular sector and find out the ways to overcome these challenges. It will also survey various literatures and reports on the concerned field and recommend supporting actions to help this highly prospective industrial sector to operate in a fully yielding manner.

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How to Cite

Small and Medium Enterprise in Bangladesh-Prospects and Challenges. (2015). Global Journal of Management and Business Research, 15(32), 1-9. https://journalofbusiness.org/index.php/GJMBR/article/view/

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Author Biographies

mdalauddin89

Md. Alauddin is a Lecturer in the Department of Business Administration at the International Islamic University Chittagong (IIUC) in Bangladesh. He has authored a paper titled 'Small and Medium Enterprise in Bangladesh-Prospects and Challenges', reflecting his focus on the development and challenges of SMEs in Bangladesh.

Mustafa Manir Chowdhury

Mostofa Monir Chowdhury is an Assistant Professor in the Department of Business Administration at the International Islamic University Chittagong (IIUC), Bangladesh. His research spans a diverse range of topics including credit risk and banking profitability, rural development and poverty alleviation, youth entrepreneurship, workforce diversity management, small and medium enterprises, work-life balance of female garment workers, and the impact of COVID-19 on e-commerce. With a strong focus on the socio-economic challenges of Bangladesh, his work contributes valuable insights into the country's financial, entrepreneurial, and labor landscapes. He has published multiple papers in peer-reviewed journals and continues to explore critical issues in business and development.

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