96% Bangladeshi MSMEs face decline in income during Covid lockdown | The Business Standard
Skip to main content
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
June 18, 2025

Sign In
Subscribe
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, JUNE 18, 2025
96% Bangladeshi MSMEs face decline in income during Covid lockdown

Industry

TBS Report
29 January, 2021, 10:10 pm
Last modified: 29 January, 2021, 10:17 pm

Related News

  • One more dies of Covid, 25 new cases reported in a day
  • Covid-19: One death, 26 new cases reported in 24hrs
  • Covid-19 is back but these 5 simple habits can still keep you safe
  • Covid on the rise again; hospitals preparing to tackle spread
  • Rizvi questions govt preparedness over new Covid variant spread

96% Bangladeshi MSMEs face decline in income during Covid lockdown

TBS Report
29 January, 2021, 10:10 pm
Last modified: 29 January, 2021, 10:17 pm

A whopping 96% of MSMEs in Bangladesh reported a decrease in income, with a median loss in business of 82% during the 'national holidays'. 

Besides, customer footfall decreased by 67% on average among the respondents. 

The findings were unveiled at a workshop titled "Assessment of the impact of Covid-19 on MSMEs in Asia and Africa". 

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Swiss Capacity Building Facility (SCBF) and MSC (MicroSave Consulting) patronised the workshop conducted through a webinar on Thursday. 

In the workshop, MSC launched the findings of a multi-country assessment study on the impact of Covid-19 pandemic on MSMEs and women in Asia and Africa. 

The research examined the needs, attitudes, perceptions, and behaviours of micro and small enterprises, farmers, and CICO agents in several countries including Kenya, Uganda, India, Indonesia, Bangladesh, Senegal, and the Philippines. The research involved an assessment of the impact of Covid-19 on key segments of the economy in these countries and the response of the governments and the private sector to deal with the pandemic.

According to the study, Covid-19 massively disrupted the supply chain in Bangladesh. MSMEs in the rural areas must travel to collect supplies from the central depot. Furthermore, a third of the suppliers do not offer credit due to the fear of not being paid by their end customers during the pandemic. 36% of MSMEs have reported that they are suffering from a decline in the availability of supplier credit. Combined with pending receivables, this has hurt cash flows of MSMEs as 58% of them have reported a reduction in household expenses. Due to inflated cost of living in urban areas, 68% urban MSMEs have seen a fall in their household expenses compared to 33% of rural MSMEs.

 Measures to support MSMEs

The MSME sector in Africa and Asia will need a three-pronged approach to kick start the road to recovery. The support will need to come from governments, regulators and financial service providers as well as private sector players. 

In Bangladesh, the government has extended the moratorium period to one year for disbursement of the stimulus loan. Recently,  the Bangladesh Bank also set up a refinancing fund worth USD 590 million (BDT 5,000 crore) for three years to provide a credit facility to owners of cottage, micro, and small enterprises (CSMEs).  

 The esteemed panel members who were present in the workshop included Mike McCaffrey, East and Southern Africa Regional Manager of UNCDF; Payal Dalal, Senior Vice President, Social Impact, International Markets of Mastercard Center for Inclusive Growth; Evelyn Stark, Financial Health Strategy Lead of MetLife Foundation; and Mark Napier, CEO of FSD Africa. Graham AN Wright, Group Managing Director of MSC, moderated the workshop.

Economy

MSMEs / Covid

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • US President Donald Trump points a finger as he departs for Canada to attend the G7 Leaders' Summit, from Joint Base Andrews in Maryland, US, June 15, 2025. Photo: REUTERS/Kevin Lamarque
    Trump demands Iran's 'unconditional surrender' as Israel-Iran air war rages on
  • Infographics: Duniya Jahan/TBS
    How Israel's secret nuclear arsenal comes under spotlight amid attacks on Iran
  • Iran's supreme leader Ali Khamenei and US president-elect Donald Trump. Photo: Collected
    'Not going to kill Khamenei, at least for now', says Trump, claiming US knows Iran's supreme leader's location

MOST VIEWED

  • Former Bangladesh High Commissioner to the UK Saida Muna Tasneem. Photo: Collected
    ACC launches inquiry against ex-Bangladesh envoy Saida Muna, husband over laundering Tk2,000cr
  • Infograph: TBS
    Ship congestion at Ctg port lingers as berthing time rises
  • A view of Iranian missiles across the sky as seen by Biman pilot Enam Talukder. Photo: Enam Talukder
    Biman pilot witnessed Iran's missiles flying towards Israel
  • Power Division wants Tk56,000cr PDB loans turned into subsidy
    Power Division wants Tk56,000cr PDB loans turned into subsidy
  • BNP leader Ishraque Hossain held a view-exchange meeting with waste management officials and Dhaka South City Corporation staff inside Nagar Bhaban on 16 June 2025. Photos: Hasan Mehedi
    Ishraque holds Nagar Bhaban meeting as 'Dhaka South mayor', says it’s people’s demand
  • Bangladesh gains bigger share in US apparel market as China loses ground, sees 29% export growth in Jan-Apr
    Bangladesh gains bigger share in US apparel market as China loses ground, sees 29% export growth in Jan-Apr

Related News

  • One more dies of Covid, 25 new cases reported in a day
  • Covid-19: One death, 26 new cases reported in 24hrs
  • Covid-19 is back but these 5 simple habits can still keep you safe
  • Covid on the rise again; hospitals preparing to tackle spread
  • Rizvi questions govt preparedness over new Covid variant spread

Features

The Kallyanpur Canal is burdened with more than 600,000 kilograms of waste every month. Photo: Courtesy

Kallyanpur canal project shows how to combat plastic pollution in Dhaka

7h | Panorama
The GLS600 overall has a curvaceous nature, with seamless blends across every panel. PHOTO: Arfin Kazi

Mercedes Maybach GLS600: Definitive Luxury

1d | Wheels
Renowned authors Imdadul Haque Milon, Mohit Kamal, and poet–children’s writer Rashed Rouf seen at Current Book Centre, alongside the store's proprietor, Shahin. Photo: Collected

From ‘Screen and Culture’ to ‘Current Book House’: Chattogram’s oldest surviving bookstore

2d | Panorama
Photos: Collected

Kurtis that make a great office wear

4d | Mode

More Videos from TBS

What's behind the animosity between former allies Iran and Israel?

What's behind the animosity between former allies Iran and Israel?

3h | Others
21 Muslim countries condemn Israeli attack on Iran

21 Muslim countries condemn Israeli attack on Iran

3h | TBS World
News of The Day, 17 JUNE 2025

News of The Day, 17 JUNE 2025

5h | TBS News of the day
Rising default loans threaten jobs, growth, trade

Rising default loans threaten jobs, growth, trade

7h | TBS Insight
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net