IMPACT OF COVID - 19 PANDEMIC ON SMALL ENTREPRENEURSHIP IN BANGLADESH

Md. Shajahan Kabir; Sahed Hossen Sajib

Authors

Md. Shajahan Kabir Bangladesh Agricultural University, 2202, Mymensingh.(BANGLADESH)
Sahed Hossen Sajib Bangladesh Agricultural University, 2202, Mymensingh. (BANGLADESH)

Keywords:

SME, Micro Economy, Covid-19

Abstract

This paper observes the impact of COVID-19 on SMEs based on secondary sources in Bangladesh. When Covid-19 hit Bangladesh, the first reaction from the government was to shut down the economy to protect the people by asserting isolation and lockdown all over the country. This incident caused a great disaster for SMEs in Bangladesh by severely impacting the country’s economy. Being the largest sector of Bangladesh’s economy, SMEs faces various problems, ranging from retail marketing to financing, including a shortage of funding, disruption in continuing, depriving the working forces in SMEs and a low cost of capital inclusion. Bangladesh’s true economic potential lies in SMEs, so the sector should be given more attention to the country’s long-term growth and development.

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