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]
 | |
| Abbreviation | SMEF |
|---|---|
| Formation | 2007 |
| Type | Government |
| Legal status | Autonomous Organization established by the Ministry of Industries, Government of the Peoples' Republic of Bangladesh. |
| Purpose | Promote Micro, Small and Medium Enterprises (MSMEs) for alleviating poverty, generating employment and thereby accelerating economic growth. |
| Headquarters | Dhaka, Bangladesh |
| Location |
|
Region served | Bangladesh |
Official language | Bengali and English |
Parent organization | Ministry of Industries, Government of the Peoples' Republic of Bangladesh. |
| Website | smef |
History
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
- "Government support for SMEs". The Daily Star. 24 April 2008. Retrieved 7 April 2020.
- "Role of micro, small and medium enterprises in economic dev". Daily Sun. Retrieved 7 April 2020.
- "Small enterprises make big contribution". theindependentbd.com. Retrieved 7 April 2020.
- "SME Foundation limps with fund crunch". Dhaka Tribune. 17 September 2019. Retrieved 7 April 2020.
- "ক্ষুদ্র ও মাঝারি শিল্প ফাউন্ডেশন (এসএমইএফ)". smef.gov.bd. Retrieved 7 April 2020.
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