Bangladesh Small and Cottage Industry Corporation
Encyclopedia
Bangladesh
Bangladesh , officially the People's Republic of Bangladesh is a sovereign state located in South Asia. It is bordered by India on all sides except for a small border with Burma to the far southeast and by the Bay of Bengal to the south...
in the small and cottage industries sector. It was created through an Act of Parliament
Act of Parliament
An Act of Parliament is a statute enacted as primary legislation by a national or sub-national parliament. In the Republic of Ireland the term Act of the Oireachtas is used, and in the United States the term Act of Congress is used.In Commonwealth countries, the term is used both in a narrow...
in 1957 which was later amended in 1992.BSCIC has country-wide institution network for door step services for entrepreneurs.Head Quarter of BSCIC located at 137-138,Motijheel, Dhaka, Bangladesh.Details of BSCIC can be known from its website:http://www.bscic.gov.bd
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 of a 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 loan to small industries, either directly, or through consortium of commercial banks. BSCIC also provides assistance in all other matters relating to 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 and registration of small and cottage industries
- Conducting advisory and industrial promotion services including training of entrepreneurs
- Skill development for artisans and craftsmen
- Creation of jobs for SCIs
- Construction and development of industrial estates with necessary infrastructural 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 provide very soon. At present forms for different services can be download from link of BSCIC Website:http://www.bscic.gov.bd/index.php?option=com_content&view=article&id=87&Itemid=19&lang=en.