Separate fund for new entrepreneurs stressed

Speakers at a view-exchange meeting has underscored the need for creating separate fund for disbursing interest-free credit among the new entrepreneurs for the sake of industrialisation and country’s economy, reports BSS.

They said industrialisation is very much necessary for attaining desired economic development and new entrepreneurs should have to be created for this. They came up with such observation at a view-exchange meeting between the entrepreneurs and students of Dhaka School of Economics (DScE) at the Xclusive Can Limited factory in Gazipur, said a press release.

The students of Entrepreneur Economics Department of DScE visited the factory and later attended the view-exchange meeting with the entrepreneurs. Entrepreneur Economics Department Professor Dr Muhammad Mahboob Ali, Assistant Professors Rehana Parvin and Sarah Tasnim, managing director of Q Pail Limited Syed Nasir spoke on the occasion.

Q Pail Limited is one of the leading plastic package product manufacturing companies in Bangladesh and it offers any kind of plastic packaging solution and metal containers (through Q Pail Limited’s sister concern Xclusive Can Limited) for any industry like paint, food, ice-cream, pharmaceuticals etc.

Speaking on the occasion, Dr Mahboob Ali said the fourth industrial revolution would be technology-based and the Bangladeshi entrepreneurs would also have to apply latest technology in all of their factories to stay alive in the global economy. Citing the non availability of collateral-free loan to a big extent as the main barrier for creating new entrepreneurs, he urged the government to take necessary measures so that the new entrepreneurs could get collateral-free loans.

Echoing with Prof Mahboob, managing director of Q Pail Limited Syed Nasir said the new entrepreneurs often finds it hard to get loans and suggested the government to form separate fund to disburse collateral-free and interest-free loans among the new entrepreneurs to launch their ventures.