Small and Medium Enterprise Foundation

Small and Medium Enterprise Foundation(SMEF) (Bengali: ক্ষুদ্র ও মাঝারি শিল্প ফাউন্ডেশন (এসএমইএফ)) is a Bangladesh government owned organization that provides training and financing to small entrepreneurs. The foundation is a non-profit organization that involves the both government and small medium enterprise industry trade bodies.[1][2] Professor Dr. Md. Masudur Rahman is the chairman of the Small and Medium Enterprise Foundation.[3]

Small and Medium Enterprise Foundation
AbbreviationSMEF
Formation2007
TypeGovernment
Legal statusAutonomous Organization established by the Ministry of Industries, Government of the Peoples' Republic of Bangladesh.
PurposePromote Micro, Small and Medium Enterprises (MSMEs) for alleviating poverty, generating employment and thereby accelerating economic growth.
HeadquartersDhaka, Bangladesh
Location
  • E-5 C/1, Agargaon Administrative Area, Dhaka-1207.
Region served
Bangladesh
Official language
Bengali and English
Parent organization
Ministry of Industries, Government of the Peoples' Republic of Bangladesh.
Websitesmef.gov.bd

History

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Small and Medium Enterprise Foundation was established in 2007 with an initial fund of 2 billion taka. It was create under the Companies Act and is guaranteed by the Ministry of Commerce. It provides training for small entrepreneurs and provides them with low cost financing.[4][5]

References

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  1. ^ "Government support for SMEs". The Daily Star. 24 April 2008. Retrieved 7 April 2020.
  2. ^ "Role of micro, small and medium enterprises in economic dev". Daily Sun. Retrieved 7 April 2020.
  3. ^ "Small enterprises make big contribution". theindependentbd.com. Retrieved 7 April 2020.
  4. ^ "SME Foundation limps with fund crunch". Dhaka Tribune. 17 September 2019. Retrieved 7 April 2020.
  5. ^ "ক্ষুদ্র ও মাঝারি শিল্প ফাউন্ডেশন (এসএমইএফ)". smef.gov.bd. Retrieved 7 April 2020.