Bangladesh Small and Cottage Industries Corporation (বিসিক) (BSCIC) provides comprehensive support services to small, rural, and cottage industry of

Bangladesh Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the mos ...

, particularly in the small and cottage industries sector. It was created through an

Act of Parliament Acts of Parliament, sometimes referred to as primary legislation, are texts of law passed by the Legislature, legislative body of a jurisdiction (often a parliament or council). In most countries with a parliamentary system of government, acts of ...

in 1957 which was later amended in 1992. BSCIC has country-wide institution network to provide doorstep services for entrepreneurs. Head Office of BSCIC is located at 137–138, Motijheel, Dhaka, Bangladesh.Transcript of The Bangladesh Small and Cottage Industries Corporation (Amendment) Act, 1990

History

Bangladesh Small and Cottage Industries Corporation traces its origins to East Pakistan Small and Cottage Industries Corporation, which was established through the East Pakistan Small and Cottage Industries Corporation Act. 1957. The act was created by the Minister for Labour, Commerce and Industry

Sheikh Mujibur Rahman Sheikh Mujibur Rahman ( bn, শেখ মুজিবুর রহমান; 17 March 1920 – 15 August 1975), often shortened as Sheikh Mujib or Mujib and widely known as Bangabandhu (meaning ''Friend of Bengal''), was a Bengali politi ...

of the

United Front A united front is an alliance of groups against their common enemies, figuratively evoking unification of previously separate geographic fronts and/or unification of previously separate armies into a front. The name often refers to a political ...

government of

East Pakistan East Pakistan was a Pakistani province established in 1955 by the One Unit Policy, renaming the province as such from East Bengal, which, in modern times, is split between India and Bangladesh. Its land borders were with India and Myanmar, wi ...

. After the Independence of Bangladesh, it was made into BSCIC. In October 1973 BSCIC was split into Bangladesh Cottage Industries Corporation and Bangladesh Small Industries Corporation. In 1975

Bangladesh Handloom Board The Bangladesh Handloom Board is a government owned and operated statutory public sector organisation in Dhaka, Bangladesh. As of 2021, Mohd Rezaul Karim is the chairman of the board. History The Bangladesh Handloom Board was established in Janu ...

and Bangladesh Sericulture Board were separated from BSCIC.

Definition

* Small Industry (Manufacturing): Small Industry means an industry in which the value/replacement cost of durable resources other than land and factory buildings is in between (.05 to 15 million) taka and employment generation is not more than 50 persons. * Cottage Industry (Manufacturing): Cottage Industry means family an industry in which members are engaged part-time or full-time in production and service-oriented activities. * Medium Industry (Manufacturing): Medium Industry means an industry in which the value/replacement cost of durable resources other than land and factory buildings is between 15 million and 200 million taka and employment generation is not more than 150 persons .

Functions

BSCIC provides medium and long-term loans to small industries, either directly, or through a consortium of

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with co ...

s. BSCIC also provides assistance in all other matters relating to the development and expansion of small and cottage industries (SCI). The Bangladesh Small and Cottage Industry Corporation (BSCIC) is the official body which monitors the development of self-employment, cottage industries and small enterprises. It produces statistics on the types of enterprises, their activities and the number of people employed. Its major functions are: *

Promotion Promotion may refer to: Marketing * Promotion (marketing), one of the four marketing mix elements, comprising any type of marketing communication used to inform or persuade target audiences of the relative merits of a product, service, brand or i ...

and registration of small and cottage industries * Conducting advisory and industrial promotion services including training of entrepreneurs * Skill development for artisans and

craftsmen Craftsman may refer to: A profession *Artisan, a skilled manual worker who makes items that may be functional or strictly decorative * Master craftsman, an artisan who has achieved such a standard that he may establish his own workshop and take ...

* Creation of jobs for SCIs * Construction and development of industrial estates with necessary

infrastructural Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and priv ...

facilities for SCI * Development of linkages between SCIs and large and medium-sized industries. * Online Service for registration of Industry, Application for Industrial plots, Application for Training facilities will be provided very soon.

Current status

BSCIC has developed a total of 74 industrial estates throughout the country to foster the growth of SCIs in a balanced manner and also construction works for a number of estates including special types like Tannery, API (Active Pharmaceutical Ingredients) and Garments Park are under execution.BSCIC Document

References

Footnotes

1 BSCIC_ACT http://bdlaws.minlaw.gov.bd/pdf_part.php?act_name=&vol=&id=274

External links

The BSCIC Website
* *

Public-Private Dialogue Case Study: Bangladesh

{{Authority control Government agencies of Bangladesh Business organisations based in Bangladesh Government-owned companies of Bangladesh Organisations based in Dhaka 1957 establishments in East Pakistan Organizations related to small and medium-sized enterprises Cottage Industry in Bangladesh