Discuss the Functions of SME Foundation
Posted by Ripon Abu Hasnat on Sunday, December 7, 2014 | 0 comments
1.
Implementation
of SME Policy Strategies adopted by the Government of Bangladesh
Implementation of the SME Policy Strategies adopted by the Government of Bangladesh is one of the main responsibilities of SME Foundation. SME Foundation continuously assist the government in core issues mentioned in the policy strategy like: recommend rational budget structure for SMEs, advice on fiscal and financial issues, assist to ensure quality of SME products, assist in capacity development, techno-entrepreneurship development at international level etc.
Implementation of the SME Policy Strategies adopted by the Government of Bangladesh is one of the main responsibilities of SME Foundation. SME Foundation continuously assist the government in core issues mentioned in the policy strategy like: recommend rational budget structure for SMEs, advice on fiscal and financial issues, assist to ensure quality of SME products, assist in capacity development, techno-entrepreneurship development at international level etc.
2.
Policy
Advocacy & Research
Policy
advocacy & research is one of the most important mandates of SME Foundation
aims to sustainable SME development in the country. The main activities of
Policy Advocacy & Research Wing are to facilitate for growing enabling
environment to run SME business smoothly in the country.
3.
Credit
Wholesaling Program
Credit
wholesaling is one of the major activities of SME Foundation to ensure easy
access to finance for the SME entrepreneurs. SME Foundation has already taken
credit wholesaling program as pilot scheme with its own fund. SME Foundation
helps the SME entrepreneurs by providing collateral free loan at 9% interest
rate to the technology based potential SME manufacturing industries along with
agro-based industries.
4.
Capacity
Building & Skill Development
SME
Foundation organize training program in public-private partnership module to
enhance the skill of SME entrepreneurs as well as to create new entrepreneur.
Training programs like entrepreneurship development, SME cluster wise skill
based, technology based, ICT based, ToT, productivity and quality improvement etc.
are conducted by signing a MoU between training institute or SME related
association.
5.
Access
to Technology
SME
Foundation is committed to improve competiveness of SMEs through technology
up-gradation, adaptation of advanced technology, diffusion of appropriate
technology, moving towards reverse engineering, and compliances and product
certification. SME Foundation is also devoted to enable SMEs to energy
efficient and environmentally sound.
6.
Access
to Information
SME
Foundation provide update information and data through its own web portal
(http://www.smef.org.bd) to the government, planner, decision maker, executive,
researcher, investor, policy maker and to the SME entrepreneurs to establish
new business or run business in a profitable manner.
7.
Women
Entrepreneurship Development
Bring
the women entrepreneur to main stream development process and facilitate them
for women empowerment is one of the prioritized activity of SME Foundation.
Main activities are: institutional capacity building of women chamber/ trade
bodies, formulate gender action plan, encourage bankers for finance to women
entrepreneurs, conduct study on women entrepreneurs, organize women
entrepreneur conference, national SME women entrepreneurship award, SME product
fair for women entrepreneur etc.
8.
Business
Support Service
SME
Foundation provides different kinds of business support service for
entrepreneurship development. These are: promotion and market expansion of SME
product, establish linkage between buyer and seller, provide advice and
guideline with information support for new business development, publish SME
business manual, organize SME product fair etc.
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