Entrepreneurs engaged in cottage, micro, and SMEs in Bangladesh are grappling with the challenges of meeting timely bank loan repayments amid the ongoing economic crisis. According to the Economic Census 2013 by the Bangladesh Bureau of Statistics, there were 78.8 lakh business establishments in the country. Small-scale enterprises in Bangladesh are experiencing a notable decline in sales, exacerbated by inflationary pressures that have led to increased production costs. Moreover, many small-scale enterprises are witnessing a substantial reduction in profits, primarily attributed to elevated raw material and transportation costs. This financial strain has compelled some businesses to resort to laying off employees in an effort to endure the challenging economic conditions.

Source: Economic Times November 23, 2023 13:16 UTC