Small and Medium Enterprise in Bangladesh-Prospects and Challenges

Small and Medium Enterprise in Bangladesh-Prospects and Challenges

Md. Alauddin

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Mustafa Manir Chowdhury

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α International Islamic University Chittagong

Small and Medium Enterprise in Bangladesh-Prospects and Challenges

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Connecting with the Eternal Ground

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.

References

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Md. Alauddin. 2015. \u201cSmall and Medium Enterprise in Bangladesh-Prospects and Challenges\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 15 (GJMBR Volume 15 Issue C7): .

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GJMBR Volume 15 Issue C7
Pg. 1- 9

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-C Classification: JEL Code: P12

Submission ReceivedFebruary 9, 2015
Peer Review Double Blind
Handling Editor
Accepted March 4, 2015
Published March 15, 2015

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August 10, 2015

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Article Matrices

Total Score: 102

Country: Bangladesh

Subject: Global Journal of Management and Business Research - C: Finance

Authors: Md. Alauddin, Mustafa Manir Chowdhury (PhD/Dr. count: 0)

View Count (all-time): 192

Total Views (Real + Logic): 4246

Total Downloads (simulated): 2172

Publish Date: 2015 08, Mon

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Total Views: 4246

Total Downloads: 2172

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