Regulatory Alerts2017-06-29
Added · Updated
SMESPD Circular No. 02: Definition of CMSMEs in Manufacturing & Service Sector, Micro and Small Enterprises in Trading Sector, and Credit Limits
The circular redefines the criteria for Cottage, Micro, Small, and Medium Enterprises in the Manufacturing and Service sectors, and Micro and Small Enterprises in the Trading sector, based on fixed asset values, employee counts, and annual turnover. It establishes specific maximum credit limits for each category, such as 10 Lakh Taka for Cottage Industries and up to 75 Crore Taka for Medium Manufacturing Enterprises. The document also mandates quarterly reporting of SME authorization data and repeals a specific 2004 regulation regarding small and medium enterprises.