Economic Affairs Adviser to the Prime Minister Dr Mashiur Rahman said that they often receive complaints that the small and medium entrepreneurs are not getting adequate loans.
“We often receive complaints that the small and medium entrepreneurs are not getting adequate loans. The allegations are true. But they generate employment most,” said Dr Moshiur while speaking as the chief guest at a webinar on Wednesday.Bangladesh Institute of International and Strategic Studies (BIISS) organised the webinar on “Impact of Covid-19 Pandemic on Bangladesh: Options for Building Resilience” which was chaired by Ambassador M. Fazlul Karim, Chairman, BIISS.
Major General Md Emdad Ul Bari, Director General, BIISS, delivered the welcome address.
Dr Moshiur said that Banks are not to blame for this. Some of the bank officials have some sort of unwillingness in this regard. Steps should be taken to remove it. The bank officials do not know the SMEs well and for this reason, they are reluctant is giving loans to them,” said he, adding that the cost for giving big loans is less than the small loans. Dr Moshiur said that the government has a big role to play in this regard.
Speakers at the webinar said undertaking multiple policy initiatives focusing on the economic and social recovery becomes essential.
They said the government has accommodated a wide range of policy action, including stimulus packages and plans to create a resilient economy to persist the growth of livelihood.
The speakers highlighted that in the era of hyper-connectivity, an unprecedented covid-19 pandemic brought the life to a standstill around the globe.Consequently, the mercury of trade and economy began to descend, they said.
Prof Dr Mustafizur Rahman, Distinguished Fellow, Centre for Policy Dialogue delivered his speech on ‘Domestic Market and International Trade’ and Dr Sayema Haque Bidisha, Department of Economics, University of Dhaka delivered speech on ‘Poverty and Social Security’.
Shameem Ahmed Chowdhury Noman, Secretary General, BAIRA & Proprietor, Sadia International talked on ‘Manpower Export’ while Dr. Mohammad Mahfuz Kabir, Research Director, BIISS delivered his speech on ‘FDI and Macro Economy’.
The webinar also included a lively open discussion session.
The speakers shed light on many aspects of Covid-19 to find out the best possible ways to deal with them.
To find out some of the best options for building resilience, they also highlighted the precautionary measures adopted by the government and the response of people to this pandemic.
The speakers discussed the possible second wave of this pandemic to bring precision on the guideline and state policy regarding Covid-19.
Senior officials from different ministries, ambassadors and high commissioners, senior civil and military officials, media, academia, students and teachers from different universities participated in the webinar and gave their valuable opinions.