The government promised to disburse the promised Tk 20 billion rupees to help revive the rural economy and employment.

Financial institutions and banks disbursed roughly 40-50% of the promised Tk 20 billion rupee package announced by the government last year for small and medium-sized enterprises, small and medium-sized enterprises (CMSMEs) that suffered greatly. during the pandemic period, Mirza Nurul Gani said. Shovon, President of the National Association of Small and Home Industries of Bangladesh (NASCIB).

Mirza Nurul Gani Shovon, also CIP, suggested that a high-powered committee made up of representatives from NASCIB, FBCCI, Bangladesh Bank and Bangladesh Bureau of Statistics (BBS) should be formed to monitor and review the loan disbursement process in the hut, micro, small and medium enterprises.

He admitted a lack of adequate and authentic statistics for the sector that must be improved in the best interest of the national economy.

He said that between 80% and 90% of CMSMEs are in rural areas and the corona pandemic hit the sector hard over the past two years.

Mirza Nurul Gani Shovon said that the reactivation of CMSMEs is important in the context of promoting and caring for the rural economy of the country.

It has sought the intervention of the central government to disburse the remaining 50% to 60% of the soft loans promised by the government among the CMSMEs.

The government promised to disburse the promised Tk 20 billion rupees to help revive the rural economy and employment.

Mirza Nurul Gani Shovon said that about 10 lakh people are involved with the sector in different parts of the country.

“Ensuring transparent, data-driven policy-based responses is essential to address Covid-induced challenges for small and medium-sized businesses, especially women entrepreneurs, who face multiple barriers to accessing funding from government stimulus packages. ,” he said.

Meanwhile, Commerce Minister Tipu Munshi has said that Bangladesh is an agriculture-based economy, so both business and government should emphasize this sector, including product diversification.

“We need to strengthen our SMEs for a better expansion of our economy,” he said.

Tipu Munshi made the remarks while addressing as the main guest to the opening ceremony of the new expanded office space of the Dhaka Chamber of Commerce and Industry (DCCI), namely DCCI Gulshan Center on Saturday.

The Minister of Commerce also emphasized working harder to do better in all business indices to be competitive in the international market.

He said that the new DCCI extension (DCCI Gulshan Center) on the north side of the city is a reflection of its strength and he hoped that DCCI will be able to serve the business community more in the coming days.

Chaim Uddin, president of the Federation of Bangladesh Chamber of Commerce and Industries (FBCCI) said that Bangladesh is still lagging behind in the logistics sector, but the logistics sector needs to be prioritized to attract foreign direct investment (FDI).

He said eliminating traffic congestion on the Dhaka-Chittagong highway and ensuring faster services at seaports will help boost the economy.

Jasim also sought the cooperation of the Ministry of Commerce to strengthen chamber bodies and associations from different sectors.

“To achieve the goal of becoming a developed country and face the challenges of LDC graduation we have to focus more on different promising business sectors,” said the president of the FBCCI.

He hoped that DCCI Gulshan Center would better serve not only its own members, but the wider business community as well.

DCCI President Rizwan Rahman said the main goal of establishing DCCI Gulshan Center is to provide faster and more far-reaching membership services, as well as disseminating business information to the business community.

He said DCCI works for SMEs as it is the lifeblood of our economy and to meet the upcoming challenges of LDC graduation and economic growth we need to facilitate this sector.

DCCI Senior Vice President NKA Mobin, Vice President Monowar Hossain and former DCCI Presidents were also present during the opening ceremony.

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