Introduction
-World Health Organization. A concerted global initiative is expected to avoid the virus from
spreading even further. A pandemic is described as "occurring across a large geographic region
and impacting an unusually high proportion of the population." The most severe H1N1 flu
pandemic recorded in the world in 2009 was.
The acronym SARS-CoV-2 was used to disincentive foods, places or animal interactions of
virus type stigma, and the phrase Coronavirus 2019 has been modified to the form of COVID-19
by the WHO. It varies on the infection but typical indications include respiratory illness, fiber,
poison, respiratory shortness and difficulty in respiration. In more severe situations, pneumonia
may lead to influenza, intense acute respiratory syndrome, kidney failure and even death.
A novel coronavirus does not have clear care for illness. Many of the signs, though, may be
treated, and hence diagnosis depends on the health state of the individual. In fact,
compassionate treatment may be particularly beneficial for sick individuals.
Methodology
This research utilized a systematic system of review of main and secondary data collected
directly from field surveys as well as from various dissemination sources
Primary data:
Talk with the staff face to face.
Face to face client interaction
Clear experiences while visiting 2 local enterprises
Collecting Facebook data by questionnaire
Conversation face to face with creator
Secondary data:
Report Checking.
News Paper
Website
Journal
Literature Review:
Over the past century, the Covid-19 pandemic has had a catastrophic effect on the socio-
economy of the world, undermining and exacerbating various weaknesses and faults that
existed in different sectors. This is evident from a study of the reports reported in the last few
days.
Light Castle Partners & [Link] engaged in an academic report on the "COVID-19 Effect on
Bangladesh’s SMEs" The survey was conducted in late April with more than 230 SME
respondents from all over Bangladesh covering the Trade & Manufacturing sectors (48.4%)
which includes Perishable & Grains, Poultry, Dairy, Fisheries, Jute Diversified Goods and Retail
Store; and Service Industry (51.6%) which includes food catering, electrical utilities, washing,
hair salon, MFS agent and restating.
Analyzing & Discussion:
As the spread of the covid-19 continuous pandemic and the global economy’s gradual
interdependence increase business uncertainty, predicting the future seems like an
impossible task. SMEs in Bangladesh have already witnessed the crippling and brutal
influence as such of the study's inspiration to gain insight into what SMEs are feeling
and how they handle.
The entire globe is facing a catastrophic economic depression danger in the midst of the
COVID-19 pandemic effect. Perhaps no nation can dispute the reality that propelling
such diseases to economic ramification implies a documented propos strategy to
restore any unforeseen circumstances in the forthcoming economic arena. No
distinction, Bangladesh is still capitulated under a severe pressure of economic
inequality, enduring a devastating recession before and during this outbreak. This paper
attempts to reveal what these potential impacts are causing this economic crisis for
Bangladesh and how the government, together with all other stakeholders, will respond
to the socio-economic developments achieved during the last fiscal years , despite
being submerged by the depressing mode of major economic indicators such as
reverse trade growth, strong revenue deficit, rising non-commercial growth.
Response of business SME and Startup:
The significant outbreak of COVID-19 will certainly deteriorate the opportunity for SMEs
and start-ups, taking into account the flat interest rate of 9 per cent offered by
commercial banks in accordance with Central Bank guidelines. At this stage, most
commercial banks are reluctant to lend funds to SMEs and start-ups at an interest rate
of 9 per cent due to high operating costs for SME financing. According to the
Bangladesh Bank's Monthly Major Economic Indicators (March 2020), the total amount
of SME loans disbursed by banks and non-bank financial institutions increased by 12.86
per cent and stood at the end of September 2019 at BDT 205490.93 crore compared to
the same month of the previous year.
Finding:
These findings from the study might help formulate the strategic decision that focuses
on the revival and re-growth of SMEs after the pandemic becomes stable. Study
findings have thoroughly identified the idea that government could spend significant
effects on mobilization and productive capital reallocation through the coordination of
financial orders from both banks and non-banks. Otherwise, unemployment, declining
speed of development, and long-term social inequality can occur and prevail.
Originality – This is the first study to explore and investigate the impacts of the current
pandemic on Dhaka city-centered SMEs. It is worth mentioning that Bangladesh's SMEs
are mainly based in the major city region, Narayanganj being one of them.
Recommendations:
Government support and policies; law enforcement and public health; policy uncertainty
and disrupted supply chains; sales and cash flow management; supply chains, transport
limits under and after covid-19 and their effects on small and medium-sized enterprises;
access to inputs and inventory management; marketing arrangements; SWOT analysis;
assessment of labor market conditions and the threat of unemployment below and
beyond
Conclusion:
