The objectives of the INSPIRED Programme are to develop SMEs (Small and Medium Sized Enterprises) in Bangladesh.
The SME Foundation is one of the main beneficiaries of the Programme and a partner in it. It was set up in November 2006 as a unique not-for-profit organisation to provide support to SMEs on the belief that these want to work with an organisation with a private sector, not government, ethos. It is a catalyst or a facilitation platform for the development of the private sector SMEs of the country.
Its vision is ‘fostering industrialisation through SME promotion for employment generation, economic development’ to help alleviate poverty in Bangladesh and its Mission is to ‘undertake and implement multi-sectoral action plans for proper growth of SMEs and make them competitive in the free market economy’.
With regard to the INSPIRED Programme, its role will be to implement policy developed by the SME Cell of MoI for it is the main national body involved in providing support services to SMEs.
The current staff complement is just over 30, organised in eight wings:
- General Administration;
- Policy Advocacy and Research;
- Finance and Credit;
- Business Support Services;
- Women Entrepreneurs Development and Planning; and
- Human Resource Development.
This complement will almost double in the coming months.
It has a Board of up to 16 (currently 14), chaired by the Honourable Minister for Industries, Mr. Dilip Barua. This Board supplies policy decision and guidelines to shape the Foundation’s work.
Mr. Md. Safiqul Islam
Managing Director of Small and Medium Enterprise Foundation (SME Foundation).
Mr. Safiqul Islam joined in the Foundation on 01 October 2015.
Mr. Safiqul Islam began his career as a lecturer in the Department of English, Rajshahi Government College. Later, he joined Bangladesh Civil Service (BCS) in 1982. During his long tenure in the civil service career he served in a number of important positions like Upazila Nirbahi Officer (UNO), Deputy Commissioner (DC), Chairman RAJUK, and DG Archaeology Department. He also served as Joint Secretary/Additional Secretary in the Ministry of the Local Govt. Division, Cabinet Division, and the Ministry of Cultural Affairs. He retired from the civil service as an Additional Secretary.
During his long career, he participated in various important training courses in home and abroad including Management At The Top (MATT) held in Manchester University UK, Civil Service College Singapore and Civil Service College London. Mr. Safiqul Islam obtained his post-graduation degree in English. In addition to his current responsibility, Mr. Islam is actively engaged in different social development activities.
To visit SMEF Website click here: www.smef.org.bd