Struggling to recover from the pandemic’s impact, Bangladesh’s SMEs face intensified challenges due to persistent political unrest. Hindered by loan access difficulties and soaring raw material prices, SMEs witness a significant decline in sales, exacerbated by the postponement of the National SME Product Fair-2023. Funds, like Tk20-Tk25 lakh, meant for product preparation, remain stuck. SME Foundation Chairperson emphasizes the crucial need for political stability to ensure smooth business operations. Entrepreneurs, grappling with doubled raw material costs, report substantial declines, with monthly sales plunging by 60%-70%. The SME sector, contributing Tk30,000 crore annually, encounters heightened financial risks amid ongoing challenges, with bankruptcy looming for businesses facing substantial monthly bank loan repayments.
SMEs Face 60-70% Sales Dip
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