Professional Documents
Culture Documents
Introduction
Bangladesh Small and Cottage Industries Corporation (BSCIC) is the prime mover organization
in Bangladesh to support industrialization process through creation of an entrepreneurial society.
BSCIC was established by an Act of the Parliament in 1957. Its development activities are
motioned, catalyzed and supported by promotion and extension services to the small and cottage
industries (SCI). SCIs contribution to GDP (2012-2013) is about 5.27 percent which is 19.54
percent of the industries (manufacturing) sectors contribution. For human resource
development, it has a number of institutes like Small and Cottage Industries Training Institute
(SCITI), 15 Skill Development Centers (SDC). One Design Center and a well- equipped
Computer Lab in the Head Office. These institutes are the centers of excellence and work for
capacity building through training and consultancy services. BSCIC maintains lean staff with
interdisciplinary expertise that has pioneered innovative solutions to entrepreneurship
development and enterprise creation. They are growing with experiential learning and
demonstrate how an entrepreneurial society can fight against poverty. Besides, as govt.
organization, BSCIC always committed to put its effort for implementing govt. decisions and
agenda for the interest of the country through its capacity under the guidance of Ministry of
Industries. Accordingly, BSCIC has been contributing its efforts to implement the govt.
initiatives regarding Vision 2021: Digital Bangladesh by enhancing its capacity building through
ICT arrangement. BSCIC developed ICT based infrastructure and services to deliver services
quickly to the entrepreneurs for the interest of SCI sector.
2. Background
Bangladesh Small and Cottage Industries Corporation (BSCIC) is a public sector enterprise with
autonomous character entrusted with entire task of promotion and development of small and
cottage industries in Bangladesh. It is the successor organization to the former East Pakistan
Small industries Corporation (EPSIC) which was established by an Act of the parliament in
1957. Main role has been to assist the promotion of small manufacturing enterprises by- (a)
developing infra-structural facilities for industry, (b) providing technical assistance and
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counseling services, (c) financing industries in the private sector and (d) setting up industries for
which private investors were reluctant. Under the direct or indirect initiative of BSCIC a plenty
of entrepreneurs has been created and enterprises has been set up in the country. But the
influence of globalization and the free economy impacts upon the traditional manufacturing
enterprises. This situation for marketing of small and cottage industries products is a major
constraints facing by the sector. BSCIC is to provide facilities to the existing and new
entrepreneurs to expand and develop their markets and to stay and sustain in the competitive
environment.
3. Definition
Small Industry means an industrial undertaking engaged either in manufacturing process or
service activity whose total fixed investment excluding the prices of the land, expenses for inland
transportation and commissioning of machinery appliances and duties and taxes , is limited to
taka three crore i.e. Tk. 30 million (including initial working capital).
Cottage Industry means an industrial unit either engaged in manufacturing or servicing
generally run by the family members either as full time or part time and the total investment is
limited to taka five lacs (Tk.500, 000).
For the development and expansion of Small and Cottage Industries, BSCIC will be responsible
for the registration, determination of import entitlement of raw materials and packing materials,
issue of import pass book recommendation for local raw materials, allotment of land in its own
industrial zones, and also for providing assistance in all other matters.
Small Industries of the textile sector will enjoy similar facilities as those of small and
cottage industries from the Bangladesh Small and Cottage Industries Corporation.
In addition to the existing facilities, the following special incentives and facilities will be
provided to intensify the expansion of small and cottage industries:
a. Small Industry Credit Guarantee Scheme will be introduced with joint collaboration of
Bangladesh Small and Cottage Industries Corporation, Government / Private General Insurance
Corporation, Government / Private General Insurance Corporation / companies.
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b. Based on the recommendation of the BSCIC, the National Board of Revenue will provide tax
holiday to appropriate small and cottage industries.
c. To assist the sub-contracting banks and financial institutions will make provisions for funds in
accordance with their rules; the sub-contracting industries shall enjoy incentives and facilities
similar to those provided in the SCI sector irrespective of their locations.
4. Organizational Profile:
Organization Name-
Bangladesh
Small
and
Cottage
Established-
Main Function
To
Protect
Small
and
Cottage
Industries.
Working Unit
Employment
Around 35 lakhs
5. Mission Statement:
Vision of this corporation is to accelerate the industrial growth through promotion and
extension of small and cottage industries.
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6. Organogram:
7. Objectives of BSCIC
There are some important objectives regarding Bangladesh small and cottage industries Limited.
These are given below:
1. To ensure accelerated growth of the SMC industries in Bangladesh:
For ensuring rapid growth of the SMC industries in Bangladesh, BSCIC promote the
establishment of industrial units, with priority for agro-support, agro-processing, import
substitution and export oriented enterprises utilizing indigenous raw material.
2. To increase productivity:
BSCIC has tried to increase and expand productivity in other areas of the Bangladesh. In order to
get this target it would expand and give investments to other sectors. It assists existing enterprise
to operate at optimum capacity.
3. To provide counseling and extension service:
BSCIC provides services including in plant advisory services, group services and training
program on technical ability, marketing and financial management export.
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8. Strategy of BSCIC
There are some specific strategies which are following.
BSCIC develops an enterprise diagnosis system as a tool for the promotion of SEMCOs. It
enhances consultancy system for business improvement and problem solving. It also Support the
adoption of modem facilities and management systems such as ISO 9000 and TQM. It improves
the efficiency of R&D institutes and facilitates their networking with private companies.
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9. Activities of BSCIC
1. Institutional Networking
2. Training Program
3. Credit Program
4. Salt Production
5. Bee keeping
6. Industrial Estates
7. Annual Development Program
8. Marketing Division
9. Technology Division
10. Development of SCI in Chittagong Hill Tracts Region
11. Development of SCI in Dohogram and angorpota Region
12. Sub-Contracting Activities
1. Institutional Networking:
BSCIC has its institutional network throughout the country. Being its Headquarters at Dhaka it
has 4 Regional offices, 64 District offices (Industrial Service Centre), 74 Industrial Estates and
15 Skill Development Centers at different places of the country, Moreover; it has some project
offices at Upazilla level also.
Design Centre
Design Centre is one of the important departments of Bangladesh Small & Cottage Industries
Corporation (BSCIC). It was started in 1960. Since 1960 Design Centre has been disseminating
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the services to the general people, unemployed artisans, craftsmen, entrepreneurs particularly to
the women and clusters of Cottage level people specially working by heredity.
Design Centre is a pioneer organization which works for traditional crafts and cottage level
products designs and prototypes development. It also develops the products and creates new
designs & prototypes for competitive local and export market.
Handicrafts or cottage level products are national asset & heritage. These also carry the cultural
heredity of the nation. Design Centres collection & research on rare type of crafts for
development of different products are enriching the culture and tradition.
Design Centre arranges the training courses on skill development programs for the unemployed
people to create self-earning capacity. It also train up the artisans, craftsmen, entrepreneurs and
crafts & Cottage level products relevant people for development of designs, prototypes and
technical knowledge. Design Centre organises countrywide training programs.
Design centre works through the 13 subjective departments and also conducts 12 training
courses; the training courses are as follows:
(1) Batik (2) Block (3) Screen printing (4) Cane and Bamboo products (5) Ceramics ( clay
pottery) (6 ) Metal crafts (7) Leather crafts (8) Weaving (9) packaging ( Leaves and Straw) (10)
Jute Crafts ( 11 ) Doll making ( 12) Fashion Design (13) Another one department is General
Design. This department is for providing technical help and design distribution.
To create new skill manpower and improve the existing skills of the artisan with a view of create
employment opportunity for drop-out school/college students as well as unemployment youths
BSCIC has introduced skill Development training programme in nineties. Earlier this programme
was organized by DRI (Development of Rural Industries Project) with the financial assistance of
UNDP/ILO & GOB. After completion of DRI Project in 1992, Skill Development Centre (SDC)
activities merged with Technology Division of BSCIC. At now 15 skills Development centre are
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working in different district of Bangladesh. Location of centre, facilities for skill development
training given below:Name of the Trades/training courses of SDC
3. Electrical House wiring & motor winding (4 months )
4. Fitting cum machine shop practices & welding (6 Months)
5. Radio & Television repairing (6 Months)
6. Refrigerator and Air conditioner repairing (6 Months)
7. Computer
Small and Cottage Industries Training Institute (SCITI) started functioning in January 1985. This
is the only Institute in the country to support the entrepreneurs in SME sector and their
employees in the development of their entrepreneurial & managerial skill. Besides, the institute
also provides training to the promotion and extension officials of both public and private sector
agencies on different SME related areas.
The Institute Provides Training in the development of their entrepreneurial & managerial skill in
areas such as Entrepreneurship Development, General Management, Industrial Management,
Financial Management and Marketing Management; as well as project appraisal & industrial
estate management etc.
Consultancy and information services are extended when requested by other agencies and
entrepreneurs. Some areas are:
Course materials development for entrepreneurship and other SME related courses.
Socio-economic evaluation of development project.
Investment project preparation (feasibility studies for industrial and development project,
project proposals.)
Diagnosis of industrial sickness and subsequent business management counseling.
Area potential study.
Sub-sector study
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Research on relevant issues, problems & prospects of the SME, as well as independent studies on
different SME related areas. A main area of research is the assessment of training needs in order
to improve the programs of SCITI. Carryout Researches on SME and extends services as
Business Development Service Provider (BDSP).
o Objectives of SCITI :
The Government of Bangladesh attaches great importance to the development of small and
cottage industries sector in its industrial policy.
The objectives of the institute have been framed in conformity with the national aim for
industrialization of the country.
SCITI aims at providing its services to:
Private SME entrepreneurs (both existing and potential) and their employees;
Promotion & extension officials of both public and private sector agencies, such
as Bangladesh Small & Cottage Industries Corporation (BSCIC), Banks,
Development partners/Donor agencies, and international organizations, engaged
in promotion and development of SME
o Organization :
SCITI is managed by the Principal. It carries out its activities through the following six faculties:
i.
Entrepreneurship Development.
ii.
Marketing Management.
iii.
Financial Management.
iv.
Industrial Management.
v.
General Management.
vi.
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3. Credit Program:
For the promotion and extension of small & cottage industries BSCIC arranges credit facilities
with the help of banks and other financial institutions.
On the other hand BSCIC has some credit programmes .These are:
Development of rural industries
Poverty Alleviation through Income Generation Programme
Self- employment through small & cottage industries
Women Entrepreneurship Development Programme
Revitalization Of Rural Economy Through Development of rural industries
4. Salt Production
To attain self -sufficiency in the production of salt BSCIC delivers various types of extension
and promotional services to the salt growers . Under the assistance of BSCIC two projectsone in Cox s Bazar and other in Khulna -Shatkhira region are being implemented. There two
projects cover about 70 toughened acres acres of land.
5. Bee keeping:
Bee keeping is the art of caring for, management, nursing and manipulating colonies of
honeybees (Apies sp.) so that they will collect and store a quantity of honey above their own
instant and/or present requirements.
6. Industrial Estates:
BSCIC provides infrastructural facilities by establishing industrial estates throughout the
country. The names of the industrial estates already established are given bellow:
Barisal
4 Industrial Estates up to Mar, 2015
Chittagong
16 Industrial Estates up to Mar, 2015
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Dhaka
26 Industrial Estates up to Mar, 2015
Khulna
11 Industrial Estates up to Mar, 2015
Rajshahi
17 Industrial Estates up to Mar, 2015
Sylhet
5 Industrial Estates up to Mar, 2015
7. Annual Development Programme:
BSCIC has been implementing a good number of development projects in small and cottage
industries sector in consistence with the aim and objects laid in the national planning of the
govt. For the implementation of these projects required fund is being allocated in annual
development programme (ADP) yearly . The allocation of funds gradually increased with the
increasing number of potential development projects taken by BSCIC for socio-economic as well
industrial development of the country. Year-wise allocation or size of ADP for BSCIC for the last
five years is as follows:
(TK in Cr.)
(TK in Cr.)
2012-13
226.36
5.00
231.36
2011-12
149.89
2.15
152.04
2010-11
39.88
0.30
40.11
2009-10
58.30
0.80
59.10
2008-09
50.24
1.20
51.44
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8. Marketing Division:
It is the division to create market for the products of small and cottage industries.
To arrange promotional activities.
To help Selling activities
To analyse the current market situation,
To make efficient in distributing product with the pace of free market.
9. Technology Division:
Industrial development specially expansion of small & Cottage industries is very much essential
for the socio economic development of the country. The main tools for the expansion of industry
are to create, develop and adaptation of appropriate technology, in this contest technology
division of BSCIC was established in 1990. Technology division has two wings: Technology and
Sub-Contracting Cell
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Identifying the Small and Cottage Industries those are complementary to medium
and large Industries and establishing linkage between them.
Create environment to signing the memorandum of understanding (MOU) of subcontracting with medium and large industries.
Provide assistances in signing the Memorandum of Understanding for
subcontracts and their implementation.
Implementation of the Gazette the notification of the Peoples Republic of
Bangladesh dated 1st October 1989 regarding sub contract.
10.Services of BSCIC
The BSCIC provides the following services to the private sector entrepreneurs of the four
clientele group (educated solvent, semi-literate and skilled people):
1.
2.
3.
Extension services.
4.
Entrepreneurship development.
5.
6.
Credit arrangement.
7.
Feasibility study.
8.
9.
10.
11.
Infrastructure development.
12.
13.
Product development.
14.
15.
Diagnostic studies.
16.
Sub-contracting arrangement.
17.
18.
Quality control.
19.
20.
21.
22.
23.
Inter-organization co-ordination.
Economic solvency:
The BSCIC helps to improve the economic condition by providing various types of helps that are
really helpful.
2.
Entrepreneurship development
BSCIC provides various kinds of services to develop the idea of entrepreneurship. It is very
urgent need to give job to others than seeking job from others.
3.
Poverty alleviation:
By providing training and services BSCIC helps to alleviate the poverty problem of our country
that is the main problem of our country.
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4.
Employment creation:
BSCIC is creating many areas to work that helps to alleviate the unemployment problem of our
country.
5.
BSCIC works basically with the rural people who have the potentials to the innovative works.
So, that task is helpful to develop the rural industries.
6.
There are various types of training programs, those helps to develop the skills of the people
especially to the rural women.
7.
There are many resources in our country. The proper utilization is needed to get the benefit from
that. BSCIC helps to that purpose.
8.
BSCIC provides various types of skill development training to the rural people. BSCIC tries to
utilize the human resources properly.
8. Help to gain confidence of the rural women:
BSCIC especially works with the rural women. It provides training and work with them. With
the help of BSCIC the rural women gain confidence to be independent.
9. Help to the small industries:
BSCIC provides various types of services regarding the small business. Such the small industries
get benefits to run the industry successfully.
So we can obviously say that BSCIC is one of the most important keys to the economic as well
as social development of our country.
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103685
830306
36.14 lakh
Fy07-08
Industry
29.45
12.63
Fy08-09
Fy09- 10
Fy10-11
Fy11-12
Fy12-13
29.93
30.33
31.26
32.36
12.71
12.68
13.12
13.75
14.28
5.14
5.18
5.26
5.29
5.26
5.27
(Mfd.)
17.77
17.90
17.94
18.41
19.01
19.54
Nation
100.0
100.0
100.0
100.0
100.0
100.0
Ind.
Small &
Cottage Ind.
Total Industry
(Industry Included minerals, Industries (mfd.), electric, gas & water resource, construction)
Source: Bangladesh Economic Review -2013
Growth of Industry Sector to (in %)
Type
Fy07-08
Fy08-09
Fy09- 10
Fy10-11
Fy11-12
Fy12-13
Industry
7.21
6.68
6.50
9.45
9.76
9.34
Med. &
7.26
6.58
5.98
10.94
10.78
10.32
large
Ind.
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Small &
7.10
6.90
7.77
5.84
7.18
6.76
6.19
5.74
6.07
6.66
6.32
6.03
Cottage
Ind.
National
of 2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2012-13
13551.5
14865.1
15920.0
17018.9
18091.1
19411.90
48836.0
( 9.21)
(9.69 )
( 7.1 )
( 6.90 )
( 7.77 )
(5.84)
( 6.76 )
33268.2
36507.1
39157.2
41735.0
44229.8
49069.9
127196.0
( 11.41 )
( 9.74 )
( 7.26)
( 6.58 )
( 5.98 )
( 10.94)
( 10.32 )
46819.7
51372.2
55077.2
58753.9
62570.7
68481.8
176030.0
( 10.77)
( 9.72)
( 7.21)
( 6.68 )
( 6.50 )
( 9.45 )
( 9.34)
Industry
Small &
Cottage
Medium
& large
Total
(Figure in brackets indicates the rate of growth) Source: Bangladesh Bureau of Statistics as
cited Bangladesh Economic Review -2013
To assist private entrepreneurs for establishing new Small, Medium & Cottage Industries
(SMCIs) unit:
1. Total
2. Small Industry
3. Medium
4. Cottage Industry
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To create labor force employment facilities through new Small, Medium & Cottage
Industries (SMCIs):
1. Total
3.06 million
1.54 million
3. Medium
0.52 million
1 million
3.80%
Cumulative Small, Medium & Cottage Industry unit and employment will reach by
2025 (figure in million) is given below:
Category of Industry
Unit
Employment
Small
0.171
2.915
Medium
0.013
0.863
Cottage
0.904
2.852
Total
1.088
6.630
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3. Skill development(trade-base)
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Weak investment
base
Lack of adequate
capital
Technological
know-how
Insufficient
Infrastructure
Growing
incidences of
crime and
extortion
Lack of adequate
law and order
conditions
Competition from
dumped and
smuggled imports
Lack of adequate
resources
Shortage of
Energy
Unskilled human
resources:
Political
instability
Limited access to
credit
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6. Shortage of Energy:
Acute shortage of energy and unreliable supply of power and other utilities such as gas and
water.
7. Unskilled human resources:
Though Bangladesh has a huge population, most of them are unskilled. Country lacks skilled
labor, specialists, professionals and technologists which also hamper our industrialization.
8. Political instability:
A good govt. policy and political stability are precondition for industrialization. Unfortunately
political instability has always been a common phenomenon here. This is a major hindrance
towards the advancement of the industry sector of Bangladesh. Frequent strikes result in
disruption of daily business. This hampers the smooth running of industries, they are unable to
procure raw materials in time hence their production and even transportation is delayed. The
politicians only think about themselves. As such, our industry cannot progress and compete with
the outside world.
9. Labor Unrest:
There is a lack of trained workers in this country. Thus, there is a decline in the efficiency of the
company. The companies also need to provide training (apprenticeship) to these laborers and
hence quite an amount of money and time is spent on them. This challenge is faced by every
company or firm in Bangladesh.
10. Limited access to credit:
Its high cost, legal or illegal, and procedural complexities in obtaining credit from banks.
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Excessive
import of
foreign
products:
Imperfect
market:
Lack of proper
business
knowledge:
Frequent policy
changes:
Natural
Disasters:
Inadequate
infrastructure
facilities
(power, water)
Lack of
governance:
Corruption:
Bureaucratic
hassle:
Unskilled
labor:
Poor access to
credit:
Tax structure:
Political
instability:
Quality of Raw
Materials
Lack of
efficient
distribution
channels:
Lack of
connectivity:
6. Lack of governance:
In a world bank online debate a commentator said, Corporate governance is not only relevant
but essential for low-income countries. The problem is not the stringency of rules but of the
governors themselves. Governance is a serious issue with Bangladesh from the very beginning.
Poor governance is one of the key points what makes the firm unattractive to investors. The
existence of nepotism in the business circle is also something which makes a firm weak. It is a
common trend among the business community to fill up the existing position switch in the firm
with their relatives who may not be suitable for the post. By separating ownership from
management businesses can create a better and effective venture.
7. Tax structure:
The tax structure of Bangladesh offers little intensive for a business. According to the JETRO
survey Bangladesh holds the second highest corporate tax rate among the Asian countries (even
after the government has cut the rate to 37.5%).
8. Lack of connectivity:
The world has moved on to connect itself to the World Wide Web whereas Bangladesh is lagging
far behind. Across the world innovative business are emerging using a clicks and mortar business
model. They are leveraging the full potential of the World Wide Web. As the access to high-speed
internet connection becoming cheaper by the day around the world the story is quite different for
Bangladesh. Businesses have to pay a handsome amount in fact one of the world steepest fees to
get access to the web. But the scenario is changing in the consumer front. Consumers now have
access to the web through their cell. There is a huge opportunity to cater to the foreign customers
by displaying the product in the web. But the high-speed internet connectivity is yet to reach the
acceptable standard.
9. Lack of proper business knowledge:
Most of the entrepreneurs of Bangladesh apply the traditional hit and miss approach with their
businesses. They have little institutional knowledge and have little access to training as very few
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and
red-tapism
has
taken
its
toll
for
Bangladesh
business
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14. P o l i t i c a l i n s t a b i l i t y :
A c c o r d i n g t o a U N D P r e s e a r c h strike has led to 3-4% GDP losses during the
1990s.There are about 611 strikes during 1995 to 2002. This creates immense burden on the
business firms as the shops often get vandalized during strike violence.
15. N a t u r a l D i s a s t e r s :
S h e e r d e n s i t y o f t h e c o u n t r ys population- 2,639 people per square mile- makes any
natural disaster a crisis. Among the time magazines list of top 10 natural disasters
of 2007 Bangladesh is the only country to be featured twice. These disasters d i s r u p t
s u p p l y c h a i n , d a m a g e b u s i n e s s a n d c r e a t e untold suffering for the consumers.
16. Unskilled labor:
Bangladesh may be the land of cheap l a b o r b u t t h e y a r e u n s k i l l e d . T h e
t r a i n i n g i n s t i t u t i o n s a r e n o t s u f f i c i e n t t o p r o v i d e t h e q u a l i t y labor force the
businesses need.
17. Quality of raw-materials:
The material used to make a product lacks consistent quality. The country has to go miles to
achieve the structured type of business that
we
find
common
in
the
developed world.
William Shakespeare in Julius Caesar wrote the fault, dear Brutus, is not in our stars- but in
ourselves. The statement is allegorical for Bangladesh. Except for natural calamities all the
problems mentioned here are caused by our own fault. This is also a thing of hope as the most of
the problems are caused by man-made reasons, they can be solved with proper persuasion.
development in Bangladesh special emphasis should be put here. Commercial banks should
finance Small Business by giving them loan in low interest and for long term.
1. Initiatives: Government should take the necessary initiatives to develop this sector.
2. A Clear Policy: Government should have a clear policy about the small scale enterprises
in Bangladesh.
3. Easy Loan: Loan and this short of facility should be making available.
4. Control the inflow: Control the inflow of importing such product which has the
opportunities to produce in Bangladesh.
5. Extra Tariff: Adopt extra tariff on importing the product which are producing in our
country.
6. Stable Economic Situation: Make the economic situation stable to increase productivity,
growth & sustainability.
7. Securities: Provide both social and economic securities to the people.
8. HR Improvement: Improve the human resources to increase productivity, growth &
sustainability.
9. Making more entrepreneurs: Making more entrepreneurs through proper training and
loan facilities.
10. Motivation: Make the people interested to start their own or family business.
11. Support: Provide possible support to the small scale enterprises in Bangladesh.
12. Mutual Dependence: Combine the smaller enterprises into one through the cooperatives
and so on.
13. Long Term Planning: Developing small scale enterprises in Bangladesh through a proper
long term planning.
14. Increase Export: Make arrange to export homemade product or domestic product into
foreign countries.
15. NGOs Role: NGOs are very active in this sector. Their activity should be spending all
over the country.
16. Coordination: Special ministry can be made to coordinate all this.
17. Taxation rules: Taxation rules should be more flexible for Small Business.
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18. Sufficient Raw Materials: It should be assured that the Small Business firms will get
sufficient raw materials in lower cost.
19. Political Instability: Political and social instability should be maintained.
20. Terrorism: Terrorism must be sustained and keep under control.
21. Abolished Red Tapism: Red tapism must be abolished. Corrupted officials need to be
punished and replaced.
22. Public Utility Service Connection: It must be assured that the Small Business firms will
get public utility service connection without any delay and bribe.
23. Helpful Syndicate: A syndicate can be made to help the entrepreneurs and to support this
sector.
24. Increase Foreign Direct Investment (FDI): Develop and implement a good investment
friendly environment so that foreign direct investment increases here.
25. Backward linkage and forward linkage industries: Backward linkage and forward
linkage industries should be set up in garments sector with state support
26. Wages of worker: Wages of worker should be increased to contribute to higher value
added activities
27. Public Private Partnership (PPP): The emphasis on Public Private Partnership (PPP) in
the proposed industrial policy is laudable but the concept is still in a rudimentary stage.
Government will need to act expeditiously to devise a transport mechanism and frame
well-defined rules for participating in and mobilizing funds for the PPP projects.
16. Conclusion
Development of entrepreneurship, new business creation and development of inter-sectorial
linkages should be given top priority. The government should define a secure and pragmatic
policy for the development of BSCIC in the country. In order to frame a policy for BSCIC, data
collection needs to be updated. Provision should be made to develop separate and specialized
institutions in three areas: (a) finance, (b) technology, and (c) skill development, in addition to
rationalizing existing policies and institutions. An enabling economic environment comprising of
sound macroeconomic and structural policies, good infrastructure, fair policy of competition, and
efficiently functioning financial institutions also need to be created and strengthened.
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Reference:
1. Transcript of The Bangladesh Small and Cottage Industries Corporation
(Amendment) Act, 1990
2. Definition of Small Industries in Various Countries
3. Monitoring Urban Poverty at the Bangladesh Bureau of Statistics
4. BSCIC Document
5. www.ministryofindustry.gov.bd
6. www.bscic.gov.bd
7. www.wikipedia.org
8. Cottage industries in Bangladesh from Banglapedia
9. Entrepreneurship in Bangladesh from Banglapedia
10. Investment opportunities in Bangladesh
11. Public-Private Dialogue Case Study: Bangladesh
12. The New Age reports on BSCIC
13.www.sciti-sme.gov.bd
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d. 3 crore
7. Which point is not an objective of small and cottage industries?
a. To assist entrepreneurs and enterprise
b. To assist FDI
c. To create social welfare.
d. To create women empowerment.
8. Which corporations develop micro enterprises and community enterprises?
a. BSCIC
b. BCSI
c. BSTI
d. BRRI
9. BSCIC helps many industrialists providing----?
a. Loan facilities
b. Infrastructure facilities
c. Advisory services
d. All of the above.
10. Which one is establish local information center for SMPS?
a. BCIB
b. BARI
c. BSCIC
d. BSTI
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