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The Financial Express

Business leaders urge to form separate SME policy


FBCCI seeks single-digit interest rate on SME loans

The business leaders has urged for bring down the interest rate of SME loan at single digit to develop the country’s small and medium-sized enterprises (SMEs).

They also requested the concerned authority to formulate a separate SME policy.

The leaders of the apex trade body urged for proper monitoring so that the genuine SME entrepreneurs can get the support allocated for them.

They said this at a meeting of the FBCCI Standing Committee relating to Ministry of Industries (SMEs) held on Wednesday at the FBCCI Conference Centre.

Apart from the traditional products, SME entrepreneurs are now manufacturing technology-based modern products, the leaders said.

They urged for conducting a survey to identify the demand and production base of the SME products being produced in the country.  

They also urged the big entrepreneurs to restrain from producing and marketing of SME products so that the SME entrepreneurs may not affected badly.

Md. Abu Naser, director in-charge of the standing committee, presented the detailed future plan of the committee.

Mr. Shamim Ahmed, chairman of the committee, presided over the meeting, says a media release.

Representatives from BSTI and different finance institutions were also present at the meeting.

FBCCI Directors Khandaker Ruhul Amin, Abu Motaleb, and Hafez Harun-Or-Roshid also participated in the discussion.

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