Professional Documents
Culture Documents
Women Entrepreneurship in Bangladesh
Women Entrepreneurship in Bangladesh
Ummee Kulsum
Lecturer
Faculty of Business Studies
Premier University
Chittagong, Bangladesh
Email: ummee.kulsum@gmail.com
Sharmin Akther
MBA Student
Department of Management Studies
University of Chittagong
Chittagong 4331, Bangladesh
in
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women's
Legal assistance includes transparent regulation for getting Trade license etc. as well
as other processes.
Financing helps to reduce interest rate, easy access to loan, and Guarantor free loan
for women entrepreneurs.
Marketing assistance should be built among people to use local products and market
should be created abroad through fair and other promotional campaigns.
Support research, evaluation and action oriented programs of industry particularly for
women engaged in the industrial sector.
The SME Foundation has been recommended a gender action plan in September 2007.
The Gender Action Plan (2008-2012) extended business support services towards SME
women entrepreneurs by following activities:
Advocate for reducing custom and excise duties for SME women entrepreneurs.
These goals and objectives, if implemented properly will definitely contribute with the
participation of women in every sphere of our national life.
The Government of Bangladeshs Industrial Policy 2005 stipulates several useful
strategies under micro level preparation to broaden the participation of women entrepreneurs,
such as:
Reserving plots for women entrepreneurs in industrial parks in all divisional towns.
Establishing a separate bank to ensure easy access to industrial credit, equity capital,
venture capital, and working capital, collateral free loans.
Export Promotion Strategy paper 2006-2009 has been outlined a number of strategies:
Managerial assistance in the from of counseling, and training to existing and potential
entrepreneurs.
(ii) Bangladesh Rural Advancement Committee (BRAC): BRAC operates on the basis of
two major goals, such as- poverty alleviation and empowerment of the poor. These programs
cover 69,421 villages, benefiting more than 120,000 people, the majority of whom are
women (BRAC website). BRAC provides training facilities in the areas of human
development and management and occupational skill development.
(iii) Gana Sastha Kendra (GK): The GK has been conducted womens emancipation
programs on the basis of following objectives:
(iv) Grameen Bank: The major activities financed by Gremeen Bank are milk cows, paddy
husking, cattle fattening, seasonal crop trading, and grocery shops. Every week, Grameen
Bank's 12,000 staff members meet 3.2 million borrowers in 45,000 different villages spread
around Bangladesh to deliver individualized bank services (Yunus, 2007).
(v) Bank of Small Industries and Commerce (BD) Ltd. (BASIC): The main objective of
BASIC is to meet the financial needs of small enterprises.
(vi) Business Advisory Services Centre (BASC): The major objectives of BASC is to
promote growth by providing technology and market information, training, consultancy, and
advisory services for business development.
(vii) National Association of Small and Cottage Industries of Bangladesh (NASCIB):
NASCIB offers a range of support services to its members including credit availability;
infrastructural support; SCI sector policy formulation; technological support; marketing
assistance; training; database activity; and information dissemination.
(viii) Bangladesh Employers Association (BEA)now known as Bangladesh
Employers Federation (BEF): The main objective of BEA is to provide consultancy,
training, and related services to small and medium-scale enterprises in order to improve their
overall productivity.
(ix) Women Entrepreneurs Association (WEA) Bangladesh: The main objective of WEA
is to create awareness and an enabling environment for women entrepreneurship development
by providing members with linkage of support service organizations; promoting female
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Access to finance: In South Asia, women are almost invisible to formal financial institutionsthey receive less than 10 percent of commercial credits (Haq, 2000). Seed Working Paper
No. 14, by Nilufer Ahmed Karim made for ILO was based on the findings of the most
comprehensive study done till the date by ILO (1995) with a sample size of 500
entrepreneurs (374 women and 126 male). 6% got loans from family members, o.5% got
loans from commercial banks. 0.3% got loans from national banks, 61% got loans from
NGOs. About 43% of women entrepreneurs are not aware of credit facilities granted to
women entrepreneurs. Inadequate financing was ranked first by 76% of women entrepreneur
(92% rural and 69% urban).
Access to financial institutions: Rural women entrepreneurs face considerable hardships in
accessing finance. Because, they are outside the radar of formal financial institutions, despite
several Government instructions to open up for the marginal clients.
Lack of awareness of facilities and support services: Women entrepreneurs in rural area are
unaware of available support services and the procedures for getting it. Mechanisms for
disseminating information on investment opportunities and the types and sources of
assistance available are inadequate (Karim, 2001).
Lack of institutional support facilities: Different public institutions in Bangladesh are
characterized by corruption, large-scale inefficiencies, lack of initiative, and ineffective
decision-making (ADB 1997). Banks, furthermore, are not structured in such a way as to
reach a target clientele without capital or assets (Karim, 1995).
Lack of social capital: Due to lack of social capital, poor people at the rural area do not have
the social networks and this deprives the target groups of a key linkage with business partners
Pre- and post investment counseling for women entrepreneurs for credit.
One stop service should be created in the Commerce Ministry exclusively for the
women entrepreneurs for facilitating investment and business.
(ii) Counselling and support services: There are following counseling and support services
to facilitate women entrepreneurship in Bangladesh:
(iii) Other Suggestions: There are following other recommendations for facilitating women
entrepreneurship:
Tax holiday for women entrepreneurs should extended further and made more
supportive for them.
Either the registration procedure for import and export business should be simplified
and made women friendly or completely dismantled.
income generating activities of women both in the urban and rural areas with
entrepreneurship development. Such kind of support services, policies, and strategies help to
change the scenario of Bangladesh especially for the women who have gathered courage to
break barriers and enter the off-house working force as entrepreneurs and workers - a
situation not appropriate for women or accepted by the society in the past.
References:
ADB, (1997), North-West Area Development Study Project, ADB TA No. 2545
(Bangladesh).
Ahmed, S. & Sikder, Z.H., (1997), Women in Small Business of Bangladesh: A Study on
Some Selected Business Firms in Greater Chittagong, The Chittagong University Studies,
Commerce Vol- 13, p. 41-54.
Ayadurai, S., (2004), Profile of Women Entrepreneurs in a War-Torn Area:
Case Study of NorthEast Sri Lanka, 2005, Paper Presented at the 50th
World Conference of the International Council for Small Business (ICSB),
Washington
BRAC website: retrieved on 9th October, 2009 from: http://www.brac.net/index.php?nid=16
BSCIC website: retrieved on 6th October, 2009 from: http://www.bscic.gov.bd/
BWCCI, (2008), Building Women on Business: A Situation Analysis of Women
Entrepreneurs in Bangladesh.
Chowdhury, Masuda M. Rashid,(2001), The Emerging Women Entrepreneurs of Bangladesh,
the FBCCI Journal, Volume 2(5-6).
Dhaka Chamber of Commerce and Industry (DCCI) (n.d.), Women Entrepreneurs in
Bangladesh, Dhaka: Dhaka Chamber of Commerce and Industry (DCCI), DCCICIPE/ERRA
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