Infrastructure Development Company Limited (IDCOL), in partnership with SME Foundation, organised a Focused Group Discussion (FGD) titled 'Unlocking CMSME Potential: Bridging the Gaps' recently. Infrastructure Development Company Limited (IDCOL), in partnership with SME Foundation, organised a Focused Group Discussion (FGD) titled 'Unlocking CMSME Potential: Bridging the Gaps' recently.
The session brought together entrepreneurs, financial institutions, regulators, and development partners to deliberate on the challenges and solutions for Bangladesh's cottage, micro, small and medium enterprises (CMSMEs), says a press release.
Welcoming the participants, IDCOL CEO Alamgir Morshed said that CMSMEs contribute 25 per cent of GDP and employ more than 34 million people, yet face a financing gap of over USD 73 billion (Tk 9 lakh crore), constraining their potential.
"CMSMEs are the backbone of our economy and crucial for resilience and job creation," he said, adding: "IDCOL has been working for over two decades to promote sustainable infrastructure, renewable energy, and inclusive finance. Building on this track record, we now want to ensure that CMSMEs also benefit from affordable credit, capacity building, and stronger market linkages."
The session concluded with remarks from S. M. Monirul Islam, Deputy CEO of IDCOL.
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