
Many micro and small businesses in Bangladesh are still struggling to survive and sustain thanks to the COVID-19 pandemic even if a good number of surveys have underlined the Government’s stimulus packages for micro and small businesses failed to deliver the desired results.
Media reports maintained this while citing findings of a recent survey carried out by SANEM or the South Asian Network on Economic Modelling, as per which, around 73 per cent of micro and small businesses’ owners could not recover their losses during the pandemic.
Reports added the Government’s aid packages failed to reach the Small and Medium Enterprises (SMEs), which are facing a dire situation because most of them could not avail the money of the stimulus packages even as they maintained one of the most prominent reasons for the same has been due to lack of documentation available to small business owners, against the documents that are required of them to gain access to the funds provided by the Government.
The reports even added that despite the experts suggesting a number of possible solutions, the Government, reportedly, was unable to formulate any strategies to solve the problems of the SMEs.






