Regulatory Alerts2011-06-19
Added · Updated
SMESPD Circular No. 01: Regarding Definition of Cottage, Micro, Small and Medium Industry/Enterprise
The document defines cottage, micro, small, and medium industries/enterprises in Bangladesh based on fixed asset value (excluding land and factory buildings) and number of employees, with specific thresholds for manufacturing, service, and business sectors. It establishes that an enterprise is classified into the highest applicable category if it meets the criteria for multiple levels. The circular also defines a female entrepreneur as a woman owning at least 51% of a business and mandates that cottage and micro enterprises be included under the SME loan policy and directory alongside small and medium enterprises.