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Discuss the roll of SME foundation in SME Development in the country.


Small and Medium Enterprise Foundation, an independent and unique non-profit organization got registration in 2006. After formatting SME Foundation, it is playing its role in helping the SME entrepreneurs including the women entrepreneurs by conducting various programs with an aim to develop the SMEs of Bangladesh. One of the major aims of SMEF is to bring the grassroots entrepreneurs into the main stream of economic development through employment generation, reduction of social discrimination and poverty alleviation.

The major rolls of SME foundation in SME Development in the country are:

·            Implementing SME Policy Strategy adopted by the Government of Bangladesh.
·            Recommending SME friendly policies to different government ministries and agencies.
·            Providing business support services to the SME entrepreneurs.
·            Providing information and proper guidance for establishing new SMEs.
·            Conducting sectorial study to ensure availability of latest information,
·            Identify challenges and recommend preventing measures.
·            Operating credit wholesaling programs for the SMEs through different banking and non-banking financial institutions.
·            Conducting training programs to create skilled labor for different SME sub-sector based on their demands.
·            Technology development, adopting new technology, conducting reverse engineering and supporting SMEs to get quality certifications.
·            Supporting SMEs in marketing their products and promotion of services.
·            Bringing women entrepreneurs into the mainstream of development and helping them to achieve economic self-dependency.
·            Assisting SMEs in creating institutional bondage with foreign companies for capacity building, technology transfer and improving productivity.
Training up and motivating SMEs in using ICT tools for more productivity and improving quality.