Catalyzing SME Growth in Bangladesh: Analyzing the Role of the SME Foundation

Abstract

This study examines the role of Small and Medium-sized Enterprises (SMEs) in the economic development of Bangladesh and analyzes the functions and effects of the SME Foundation. The research explores the historical context of SMEs in Bangladesh as well as defines SMEs based on various criteria, and assesses the current situation of the SME sector in the country. The study analyzes bank-led financing of SMEs, role of SMEs Export Growth in Bangladesh, trends in SME output and share in GDP, and the contribution of SMEs to Bangladesh's economy. It concludes with recommendations for strengthening financial inclusion, improving market access, enhancing skill development, improving infrastructure, streamlining regulations, promoting data-driven decision-making, encouraging sustainable practices, and fostering public-private partnerships to further unleash the potential of the SME sector in Bangladesh.

Keyword: Bangladesh, Economic Development, Small and Medium Enterprises (SMEs), SME Foundation, Sustainability.