91% SMEs still unbanked: CPD research director
Around 91 per cent of the small and medium enterprises (SMEs) are still unbanked although the government has allocated fund for revitalising the small entrepreneurs from the Covid-19 shocks, siad Khandakar Golam Moazzem, research director of the Centre for Policy Dialogue (CPD).
Commercial banks distribute 18 per cent of their total disbursed loan to the SMEs, he said.
Only 9 per cent SMEs have access to bank finance and the rest 91 per cent are still unbanked, he added
Moreover, the proportion of SME loans has declined in recent years, which puts the development sustainability at a risk, Moazzem said.
He spoke while delivering the keynote presentation at a seminar titled "Bangabandhu's thought on SME development and Present Perspective".
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) organised the seminar at its office in Dhaka today.
Moazzem, also a panel adviser of the FBCCI said Bangabandhu Sheikh Mujibur Rahman aimed at reducing disparity through SME development.
The unnourished SME is one of the major causes behind the alarming discrimination, he blamed.
Industries Minister Nurul Majid Mahmud Humayun, FBCCI President Md Jashim Uddin and SME Foundation Chairman Md Masudur Rahman also spoke
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