SMALL INDUSTRIES I

closed

The project consists of a program for the development of small (predominantly manufacturing) industrial enterprises. Under this program, the Bangladesh Small Industries Corporation (BSIC) invites and assists small private entrepreneurs to submit projects for its review. Following appraisal and acceptance of a project, BSIC also insures, in conjunction with a consortium of local commercial banks, long-term finance of up to 70 percent of total project cost and gives advice in design, procurement, installation and start-up. BSIC does not borrow and relend the proceeds of the credit. The credit provides the foreign exchange required to import equipment for the projects and to finance the services of a consultant who assists BSIC in carrying out the program.