Save SMEs | The Daily Star
12:00 AM, July 28, 2020 / LAST MODIFIED: 12:00 AM, July 28, 2020

Save SMEs

Small and medium-sized enterprises (SMEs) are considered a vital component of economic development in Bangladesh because it helps in creating jobs, reducing poverty and driving a resilient economy. Unfortunately, due to Covid-19, most of these enterprises have been stagnant and are struggling to pay rent, provide salaries and repay loans and interests. The government should extend long- and short-term support, as well as financial aid, to save these businesses from collapsing. It can provide new loan rescheduling facilities, reduce VAT and disburse stimulus packages. Extensive plans and policies for this sector are crucial, and only with the authorities help will the sector be able to survive.

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