The government allocates Tk 100 crore annually for women entrepreneurship development but none gets utilized due to lack of awareness. At a seminar, it was emphasized that SMEs play a crucial role in the economy and can contribute to the “Smart Bangladesh” initiative by digitalizing their operations. There’s a Tk 30,100 crore portfolio to finance CMSMEs, with potential for increase if utilized effectively. Enhancing cooperation between banks, government service providers, and entrepreneurs is essential. Rapid technological advancements enable faster and more efficient delivery of financial products, enhancing financial inclusion for small firms. Fintech companies offer digital financial services, addressing the financing gap for micro and small businesses, challenging traditional banks’ future business.
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