According to a survey, the small firms lost their output up to 26 per cent by the end of December last year because of the Covid-induced restrictions on movement and shutdown.
During the period, the micro and medium firms lost 20 per cent of their output for the months between March and May last year due to lockdown.
However, 74 per cent firms on an average were more or less affected by the pandemic.
During the three-month period from March to May last year, some 96 per cent of such types of firms were affected.
Industries Minister Nurul Majid Mahmud Humayun said the CMSMEs were the most affected during this pandemic and the government has rightly announced a Tk 200 billion stimulus package for this important segment of the economy.
He also informed that another Tk 15 billion stimulus package has also been announced for the rural areas. Out of that amount, he said, Tk 3.0 billion has been allocated for the SME Foundation.
Again, EU Head of Delegation Teerin announced an allocation of 130 million Euro budget support for Bangladesh.
The chairperson of Business Initiative Leading Development (BUILD), Abul Kasem Khan said that the delayed or deferred payment system could be introduced as the CMSMEs were under pressure with the payments of VAT, tax and utility bills.
The Dhaka Chamber of Commerce and Industry (DCCI) President Rizwan Rahman proposed providing 50 per cent of the government stimulus package to the micro, cottage and small industries.
He also asked for withdrawing tax on Facebook to help spur the growth of the e-commerce market, digitisation of SMEs, and providing fiscal literacy training to the bankers.