Regulatory Alerts2008-05-26
Added · Updated
ACSPD Circular No. 08: Definition of Small & Medium Enterprise Sector
The document establishes revised definitions for Small and Medium Enterprises (SMEs) based on total fixed assets (excluding land and buildings) and employee count, excluding ideal public limited companies. Small enterprises are defined by asset thresholds of 50,000 to 5,000,000 BDT for service and business sectors and up to 150,000,000 BDT for manufacturing, with employee limits of 25 and 50 respectively. Medium enterprises are defined by asset thresholds of 5,000,000 to 10,000,000,000 BDT for service and business sectors and 150,000,000 to 20,000,000,000 BDT for manufacturing, with employee limits of 50 and 150 respectively. This circular is effective immediately for all scheduled banks and financial institutions.
Bangladesh Bank Head Office P.O. Box No. 325 Dhaka Bangladesh www.bangladesh-bank.org Agricultural Credit & Special Programs Department (Industrial Sub-Department)
Ref No: ACSPD Circular No. 08 Date: 26/05/2008 AD To All Scheduled Banks and Financial Institutions
Dear Sir,
Regarding the Definition of Small & Medium Enterprise Sector
Reference is drawn to your attention regarding the above subject.
The definition of units in the Small & Medium Enterprise sector is hereby determined as follows, by amending the previously existing definition:
(1) Small Enterprise refers to/means an institution that is ideally not a public limited company and meets the following criteria:
Service Sector: In this case, the amount of total fixed assets excluding land and buildings is from 50,000.00 BDT to 50,00,000.00 BDT and/or the number of employees is not more than 25.
Business Sector: In this case, the amount of total fixed assets excluding land and buildings is from 50,000.00 BDT to 50,00,000.00 BDT and/or the number of employees is not more than 25.
Industrial Sector (Manufacturing Concern): In this case, the amount of total fixed assets excluding land and buildings is from 50,000.00 BDT to 1,50,00,000.00 BDT and/or the number of employees is not more than 50.
(2) Medium Enterprise refers to/means all institutions that are ideally not public limited companies and meet the following criteria:
Service Sector: In this case, the amount of total fixed assets excluding land and buildings is from 50,00,000.00 BDT to 10,00,00,000.00 BDT and/or the number of employees is not more than 50.
Business Sector: In this case, the amount of total fixed assets excluding land and buildings is from 50,00,000.00 BDT to 10,00,00,000.00 BDT and/or the number of employees is not more than 50.
Industrial Sector (Manufacturing Concern): In this case, the amount of total fixed assets excluding land and buildings is from 1,50,00,000.00 BDT to 20,00,00,000.00 BDT and/or the number of employees is not more than 150.
This circular will come into force immediately.
Please acknowledge receipt.
Yours faithfully,
(Md. Abdul Haque) General Manager Phone: 7120947
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