2,500 entrepreneurs get empowered a yr

FE Team | Published: June 01, 2026 23:04:27

The Small and Medium Enterprise Foundation (SME) is helping around 2,500 grassroots entrepreneurs every year overcome financial and operational challenges through its Financial Literacy Programme, enabling them to access bank loans, improve business management, and expand their enterprises, reports BSS.
The programme, designed primarily for small, micro, and cottage industry entrepreneurs, provides practical training on banking procedures, loan application processes, business documentation, record-keeping, trade licensing, and financial management.
Officials said the initiative has become a vital tool for entrepreneurs who often struggle to secure institutional financing due to inadequate documentation and limited understanding of banking requirements.
Deputy Managing Director of the SME Foundation Md Najim Hasan Sattar said many grassroots entrepreneurs possess strong business potential but fail to qualify for bank loans because they do not maintain proper records of their transactions and business activities.
"Our entrepreneurs frequently lack formal business documentation, which creates obstacles when seeking loans from financial institutions," he said.
To address this challenge, he said, the SME Foundation organizes regular training sessions across the country, equipping entrepreneurs with the knowledge and skills needed to manage their businesses more professionally and meet banking compliance requirements.